Neighbourly Ottawa - All that glitters in the Golden Triangle
This neighbourhood appears to be named after physical shape of the area. Generally, the Golden Triangle is bordered by the Canal on the East, Bank Street on the west, Laurier on the north and the Queensway on the south. Not quite a triangle but getting there. For the real estate boundaries, the west border ends at Elgin.
The neighbourhood has been synonomus with restaurants, the activities on Elgin and the proximity to downtown offices and the Parliament Buildings. For those living in the area, there is no problem walking to productions at the National Arts Centre and grabbing a coffee on the way home. While others circle the blocks looking for any kind of parking, the residents can either get by without a car or with reduced dependence on their cars.
There are a number of long term hotels in the area. Military personnel and government employees, on temporary assignment in Ottawa, find themselves staying in the Golden Triangle. This is often the out-of-townees’ first taste of Ottawa.
There are a lot of hotels, condominiums and apartments in the area. Sitting right beside these are many older single family dwellings being maintained by people who have embraced the urban lifesyle.
What has been selling in the Golden Triangle? Since January 1, 2008 until the end of July the Multiple Listing Service on the Ottawa Real Estate Board’s site for realtors shows the sales for the area of Elgin over to the Canal (MLS area 4104) as follows:
Residential
Detached: 9 sold with average price of $609,567
Row: 5 sold with average price of $455,000
Semi-detached: 9 sold with average price of $584,849
Condominium
20 Sold with average price of $335,355
The Golden Triangle is a choice neighbourhood for singles, seniors and professionals. There are schools and parks in the area so it is more than possible to raise a family here.
You may want to go for The Gold.
Civic Hospital Area - House Sale Trends 2003 to YTD 2008
|
Year |
Sold |
Average Price($,000) |
%D |
|
2003 |
28 |
$334.2 |
|
|
2004 |
22 |
$339.8 |
1.7 |
|
2005 |
22 |
$337.7 |
-1.6 |
|
2006 |
38 |
$400.6 |
18.6 |
|
2007 |
20 |
$432.2 |
7.9 |
|
YTD 2008* |
13 |
$449.6 |
4.0 |
Old Ottawa South - House Sale Trend 2003 to YTD 2008
What has happened to the price of homes in the Glebe and Old Ottawa South. A reader of this site asked me to track the average sold prices for a three bedroom home in these two neighbourhoods. It will make you wish you had invested in real estate in these neighbourhoods.
Please keep in mind that every year different homes are being sold so it is only a trend not a predictor of a specific house. The average price was calculated using data on the Ottawa Real Estate Board Multiple Listings site available to real estate representatives. * YTD (Year to date) is as of July 12, 2008
OLD OTTAWA SOUTH - Three Bedroom Homes
| Year |
Sold |
Average Price |
%D |
| 2003 |
51 |
$319.1 |
|
| 2004 |
44 |
$346.2 |
8.5 |
| 2005 |
44 |
$354.0 |
2.3 |
| 2006 |
58 |
$388.1 |
9.6 |
| 2007 |
49 |
$446.1 |
14.9 |
| YTD 2008 |
38 |
$459.1 |
2.9 |
The Glebe - House Sale Trend 2003 - YTD 2008
What has happened to the price of homes in the Glebe and Old Ottawa South. A reader of this site asked me to track the average sold prices for a three bedroom home in these two neighbourhoods. It will make you wish you had invested in real estate in these neighbourhoods.
Please keep in mind that every year different homes are being sold so it is only a trend not a predictor of a specific house. The average price was calculated using data on the Ottawa Real Estate Board Multiple Listings site available to real estate representatives. * YTD is as of July 12, 2008
THE GLEBE - Three Bedroom Home Sales
| Year |
Sold |
Average Price |
%D |
| 2003 |
37 |
$349.3 |
|
| 2004 |
52 |
$382.0 |
9.4 |
| 2005 |
43 |
$413.2 |
8.2 |
| 2006 |
37 |
$415.1 |
0.5 |
| 2007 |
53 |
$458.3 |
10.4 |
| YTD 2008* |
20 |
$525.3 |
14.6 |
Six Month Stats - The Glebe and Old Ottawa South
It is interesting to see what has moved in the Glebe and Old Ottawa South this year. Here is information available from the MLS listings at the Ottawa Real Estate Board. Statistics for private sales, such as Grapevine, are not available for inclusion in this information.
THE GLEBE – Six month sales January 1, 2008 to June 30, 2008
| Residential Properties – Detached (74), Row (4), Semi(20) |
| 98 Properties Listed |
| 68* Sold |
| 3 Conditionally Sold |
| 27 Active |
*For the 68 properties sold: The average number of days on the market was 35 with a range from 2 to 228 days
| Condominium Properties |
| 23 Properties Listed |
| 10* Sold |
| 0 Conditionally Sold |
| 13 Active |
*For the 10 properties sold: The average number of days on the market was 41 with a range from 9 to 88 days. The average price paid was $527,940 with a range from $306,000 to $695,000. The average Sell Price to List Price ratio was 99%.
OLD OTTAWA SOUTH (Including Rideau Gardens)
– Six month sales January 1, 2008 to June 30, 2008-07-02
| Residential Properties – Detached (59), Row (12), Semi(15) |
| 86 Properties Listed |
| 59* Sold |
| 2 Conditionally Sold |
| 27 Active |
*For the 59 properties sold: The average number of days on the market was 23 with a range from 0 to 174 days. The average price paid was $466,663 with a range from $252,000 to $815,000. The average Sell Price to List Price ratio was 99%.
| Condominium Properties |
| 7 Properties Listed |
| 6* Sold |
| 0 Conditionally Sold |
| 1 Active |
*For the 7 properties sold: The average number of days on the market was 38 with a range from 1 to 81 days.The average price paid was $284,317 with a range from $224,900 to $326,000. The average Sell Price to List Price ratio was 99%.
Valerie Zinger ~ Ottawa, Canada ~ Ph. 613-723-5300 ~ Email vzinger@royallepage.ca
Ottawa House Hunting - What is moving in Alta Vista
For the period January 1 through May 31, 2008, the following listings and sales were recorded on the Ottawa Real Estate Board multiple listings for properties in the MLS areas 3601 through 3609 (this does not include Elmvale Acres):
| Residential Properties – Detached (127), Row (20), Semi(8) |
| 155 Listings Available |
| 100 Sold |
| 0 Conditionally Sold |
| 55 Active |
| For the 100 properties sold: |
| The average number of days on the market was 25 with a range from 0 to 126 |
| The average price paid was $420,009 with a range from $230,000 to $905,000 |
| The average Sell Price to List Price ratio was close to 98% |
| Condominium Properties - Apartments (57) |
| 57 Listing Available |
| 30 Sold |
| 0 Conditionally Sold |
| 27 Active |
| For the 30 properties sold: |
| The average number of days on the market was 37 with a range from 0 to 155 |
| The average price paid was $294,917 with a range from $135,000 to $454,000 |
| The average Sell Price to List Price ratio was 97% |
Ottawa House Hunting - What is moving in Old Ottawa South
For the period January 1 through May 31, 2008, the following listings and sales were recorded on the Ottawa Real Estate Board multiple listings for Old Ottawa South, including Rideau Gardens:
| Residential Properties – Detached (40), Row (12), Semi(13) |
| 65 Listings Available |
| 44 Sold |
| 1 Conditionally Sold |
| 20 Active |
| For the 44 properties sold: |
| The average number of days on the market was 24 with a range from 0 to 174 days |
| The average price paid was $462,766 with a range from $275,300 to $745,000 |
| The average Sell Price to List Price ratio was close to 100% |
| Condominium Properties - Apartments (7) |
| 7 Listing Available |
| 6 Sold |
| 0 Conditionally Sold |
| 1 Active |
| For the 6 properties sold: |
| The average number of days on the market was 41 with a range from 1 to 81 days |
| The average price paid was $284,317 with a range from $224,900 to $326,000 |
| The average Sell Price to List Price ratio was 99% |
| Multiple Family Dwellings - None |
Neighbourly Ottawa -To Be or Not To Be - in Blackburn Hamlet
Spend some time thinking about a move to Blackburn Hamlet.
The “Hamlet” is one of two neighbourhoods completely surrounded by National Capital Commission Greenbelt and other non-residential property.. The other is Bells Corner. Imagine that part of your drive home is through some greenbelt areas. Access is via Innes Road which cuts through the Hamlet or off the 417 to Montreal Road to Bearbrook. The closest neighbourhood is Chapel Hill.
Look for properties on MLS in areas 2301, 2302 and 2303.
If you like to cross country ski, run, walk, hike or bike, you will love living in Blackburn Hamlet. There are trails galore. This is a community of about 8,500 people who like to get out and enjoy life.
A family can live in one of many styles of affordable houses. In 2007 there were 55 MLS Listings that sold - 5 semi-detached, 19 row units and 31 detached houses. For these 55 units, the average unit had 4 bedrooms, 2 baths, listed at $277,955, sold for $272,729 and was on the market for 25 days.
Things are increasing in 2008. By mid-May, 10 properties were for sale and 17 were sold. Of those sold, the average list price increased to $316,665, average sold price $312,447 and the listing was on the market for an average of 20 days.
Photo Credit: Hamlet @ http://www.flickr.com/photos/deadyankee/2422165332/sizes/s/
Valerie Zinger ~ Ottawa, Canada ~ Ph. 613-723-5300 ~ Email vzinger@royallepage.ca
Ottawa House Hunting - What is moving in the Glebe
For the period January 1 through May 31, 2008, the following listings and sales were recorded on the Ottawa Real Estate Board multiple listings:
| Residential Properties – Detached (69), Row (5), Semi(18) |
| 92 Listings Available |
| 54 Sold |
| 3 Conditionally Sold |
| 35 Active |
| For the 54 properties sold: |
| The average number of days on the market was 35 with a range from 2 to 226 days |
| The average price paid was $579,525 with a range from $275,00 to $1,075,000 |
| The average Sell Price to List Price ratio was 98% |
| Condominium Properties - Apartments (22) |
| 22 Listing Available |
| 8 Sold |
| 0 Conditionally Sold |
| 14 Active |
| For the 8 properties sold: |
| The average number of days on the market was 41 with a range from 9 to 88 days |
| The average price paid was $535,363 with a range from $306,000 to $695,000 |
| The average Sell Price to List Price ratio was 98% |
| Multiple Family Dwellings - 3 |
| 3 Listing Available |
| 3 Active |
Neighbourly Ottawa - What a Vista!
Alta Vista is one of the most desirable neighbourhoods in Ottawa. It is made up of 10 smaller neighbourhoods, each built at different times and not all having the same price point. Alta Vista, in the larger sense is bounded by Bank Street on the west, Riverside on the north, St. Laurent on the east and Heron/ Walkley on the south. It is a big area with over 23,000 residents. There is a good description of Alta Vista on the Wikipedia site.
Why do people want to live in Alta Vista? Location and houses.
There is the proximity to downtown and to the 417. It has access to downtown that is up Bank Street, or up Main Street, or over to the 417 and back to Metcalfe or Kent, etc. etc. There is Billings Bridge Mall for shopping. Bank Street provides a myriad of shops, dog groomers, banking services and restaurants. For employees of the General Hospital the Riverside Campus, the Children’s Hospital and all other associates to the medical centre, living in Alta Vista is a commuter’s dream. For those on 20 minute call, Alta Vista provides a way to sleep at home and still make it to the hospital on time.
The homes in Alta Vista were, for the most part, built in the 50s, 60s and early 70s. Foundations are often concrete block. Electrical is 60 or 100 amps. The 25 year shingles are at 30 or 40 years and need replacing. There might be damp in the basements. There will almost certainly be a bar and wood or mock wood panelling in the homes still inhabited by the original owners. Expect to see a fair amount of teak furniture still in mint condition carefully maintained by the original purchaser. For anyone with the time and talent to fix up a home, Alta Vista is the answer. The yards are a very nice size with room to grow a garden, have a pool or multi-level decking. The cedar hedge is fundamental greenery in Alta Vista. Many of these houses are bungalows. This is attractive to the Boomers who are seeing future knee and hip issues.
Five years ago, I spent many weekends looking for a house in the Alta Vista area. I love the trees, proximity to downtown, number of parks and the restful nature of the neighbourhoods. What I could not find then were homes that had been updated and in my price range. I am not a “project house” person and felt, at that time, as though I had done my bit for house updating at my house in the Glebe. What I wanted, I could not find. Today, there are many houses that would meet my criteria.
Statistically speaking, from January 1, 2008 to May 19, 2008 for the Alta Vista area, MLS areas of 36 and 37 (including the neighbourhoods of Applewood Acres, Elmvale Acres, Faircrest, Guildwood Estates, Playfair Park, Rideau Park, Urbandale, Sheffield Glen, Eastway Garden, Industrial Park, Riverview Par, Alta Vista and Hawthorne Meadows whew) there were:
| Residential Properties – Detached (166), Row (14), Semi(9) |
|
189 Properties Listed |
|
117 Sold |
|
8 Conditionally Sold |
|
64 Active |
| For the 117 properties sold: |
| The average number of days on the market was 19 with a range from 0 to 99 days |
| The average price paid was $370,573 with a range from $201,00 to $905,000 |
| The average Sell Price to List Price ratio was 98% |
| Condominium Properties - Apartments (42) and Row Units (12) |
|
54 Properties Listed |
|
16 Sold |
|
7 Conditionally Sold |
|
31 Active |
| For the 16 properties sold: |
| The average number of days on the market was 27 with a range from 2 to 65 days |
| The average price paid was $246,125 with a range from $135,000 to $430,000 |
| The average Sell Price to List Price ratio was 96% |
Statistics from the Ottawa Real Estate Board Multiple Listings.
There will always be a market for homes in Alta Vista.
Valerie Zinger ~ Ottawa, Canada ~ Ph. 613-723-5300 ~ Email vzinger@royallepage.ca
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Welcome
My name is Valerie Zinger. I am a Realtor in Ottawa. I look forward to listing your property or helping you find your home.
Phone: 613-723-5300 Click here to contact Valerie by Email at:
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