Rumours about the fate of the micro condo building have been circulating since the beginning of the month and we finally got the official word late last week. Urban Capital has decided that Smart House will be cancelled and turned into a rental building. For those who have purchased, deposits are being returned. There is no information behind who is involved with the rental building, but we do know that it will not be sold unit by unit.
Urban Capital will now turn the focus to the upcoming James Street Pub building which we expect to be launched late spring or summer 2016 at the earliest.
Questions about buying pre-construction condos in Ottawa? Fill out the form below, I would love to chat.
Ottawa Condo News
Ottawa’s Best Condo Courtyards: Where Urban Living Meets Outdoor Relaxation
