The Charlotte - Construction and Sales Update - July 2021

**For more information about The Charlotte visit The Charlotte page HERE, which has everything about the building in one place. This includes the floor plans, pricing, renderings, sales updates, etc. **

Richcraft Homes has been working hard and construction is coming along for The Charlotte. Located at 560 Rideau Street, the construction is currently pouring the 8th floor of the 14 floors and is on track for a late April or early May 2022 occupancy.

The building is roughly 40% sold out of the 197 units with pricing starting at $379,000 for the SB floorplan which is 389sqft on the 9th floor. Pricing for studio units is averaging about $1,000sqft and $800sqft for one bedroom units.

For more information about The Charlotte condos, or other pre-construction condos in Ottawa, please fill out the form at the bottom of the page.

The Charlotte - Construction Update and Special Promotion

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**For more information about The Charlotte visit The Charlotte page HERE, which has everything about the building in one place. This includes the floor plans, pricing, renderings, sales updates, etc. **

The Charlotte, which is being built by Richcraft Homes at 560 Rideau Street, is currently moving ahead with construction. The building which originally launched a year ago, is already moving forward and is set for a completion date of mid 2022. Richcraft is currently running a 50% off parking promotion, or a $20,000 cash discount on all two-bedroom suites.

Located in Sandy Hill, the building will consist of 197 units over 14 floors. Prices originally started at $285,000.

For more information about The Charlotte condos, or other pre-construction condos in Ottawa, please call or email 613-286-9501 or Matt@MattRichling.com.

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The Charlotte - Sales and Pricing Update

**For more information about The Charlotte visit The Charlotte page HERE, which has everything about the building in one place. This includes the floor plans, pricing, renderings, sales updates, etc. **

Richcraft Home's latest project, The Charlotte, had its VIP launch on October 19th and public launch on November 2nd. Since then they have seen 28 units sell out of the 197 units in the building, selling out certain floorplans. The 1A, 1B, 1C, and 1D floorplans are sold out.

Pricing has also changed slightly with some units seeing modest increases. The building is now priced at an average of $733.57/sqft, the average size is 651 sqft, for remaining units that are advertised. Prices start at $295,000 for the SB floorplan which is 389sqft and available on floors four to twelve. Keep in mind this is the starting price as the prices posted are the lowest floor.

The Charlotte is going to be located at 560 Rideau Street, near the corner of Rideau and Charlotte. It is comprised of 197 units over 14 floors and expecting occupancy of April 2022.

For more information on The Charlotte Condominiums or other pre-construction condos in Ottawa, call or email - 613-286-9501 or Matt@MattRichling.com.

The Charlotte - Floor Plans and Pricing

**For more information about The Charlotte visit The Charlotte page HERE, which has everything about the building in one place. This includes the floor plans, the pricing, renderings, etc. **

We have received a copy of the floor plans an early copy of the VIP launch price list for The Charlotte which is launching on October 19th. Richcraft Home’s newest condo building is going to be located at 560 Rideau street, in Sandy Hill.

The Charlotte Pricing

Keep in mind that we have only received the “starting from price” for each floorplan, so the actual number is higher.

Of the 62 variations/floorplans:
- The average for the building is $726.37/sqft (starting price)
- Each unit includes a storage locker at no additional cost
- Parking is $45,000 and only available on select units
- There is only one floorplan with a starting price below $300k, 389sqft Model SB on floors 4-12 starting at $285,000
- Then pricing jumps to starting from $320k for 375sqft on floors 13-14
- The average size in the entire building is 624sqft
- 16 studios which average 406sqft
- 114 one bedrooms (including 1+dens/flex) which average 533sqft
- 71 two bedrooms (including 2+dens/flex) which average 818sqft

The Charlotte Floor Plans

For all of the floorplans, visit The Charlotte page HERE, which has everything about the building in one place. This includes the floor plans, the pricing, renderings, etc.

For more information about The Charlotte condos, or pre-construction condos in Ottawa, fill out the form at the bottom of the page.

Richcraft's The Charlotte - VIP Launch October 19th

**For more information about The Charlotte by Richcraft, visit our Charlotte Page here. Including floorplans, renderings, etc. as they are released **

Richcraft has announced that the VIP launch for the Charlotte will be on October 19th. There are no other details released at this time. The Charlotte is the latest project for Richcraft who has also built some of our most well-loved buildings (The Galleria 1 and 2, The Bowery, The Laurier, Place Des Gouverneurs, etc.).

There are going to be 197 units over 14 floors, with pricing expected to start in the mid 200’s. There will be a rooftop outdoor pool with lounge, fire pit, and bbq area. Indoors you will find an amenity floor with a party room, dining room, a kitchen, bar, games room, fitness centre, yoga stretch room, etc.

To stay up to date on The Charlotte, including floor plans, pricing, etc, as it becomes available, fill out the form below.

Claridge Plaza Phase 4 - Sales Update

Claridge Homes has only two units left for sale at it’s Byward Market condo project Claridge Plaza. More specifically, inside of the latest building Claridge Plaza 4. Located at 195 Besserer street, the building has 232 units over 28 stories that range from 440sqft up to 1,415sqft. There are only two units left in the building, both are the Jeter floorplan which is a two bedroom plus den, two bathroom, 1280sqft unit that faces south and west. The units are priced at $577,000, including one parking and one locker. For more information about these condos, contact the Claridge Plaza 4 sales centre.

Richcraft's The Charlotte - Launch Update

Richcraft has provided a soft update for when to expect the launch of their next project, The Charlotte, which will be located in Sandy Hill at 560 Rideau Street. They don’t have an exact date yet, however expect the project to launch later this fall. The building (currently as per plans) consists of 212 units inside the 14 stories, with pricing advertised to start from the mid $200’s. Richcraft says it will be “Stylishly crafted with a modern outlook and cutting edge amenities and finishes, The Charlotte will be Ottawa’s premier condominium residence.”

Wading Pools 2019

Summer is fast approaching and what better way to spend some of the summer holiday than at a pool!

It’s not always easy to navigate where a wading pool is located, what time they are open, and what days they are closed. We narrowed down wading pools designated to four districts to help save time.

Centretown

St Lukes Park - 166 Frank St
Open: July 2nd - August 27th 2019.
Hours: Monday 11am-6pm, Tuesday 12pm-7pm, Thursday Noon - 7pm
Closed: Wednesdays and Fridays

McNabb Park - 435 Bronson Ave
Open: July 2nd - August 27th 2019.
Hours: Monday 11am-6pm, Tuesday 12pm - 6pm, Wednesday 12pm-7pm, Friday 11am - 6pm
Closed: Thursdays

Sandy Hill

Sandy Hill Park - 250 Somerset St
Open: July 2nd - August 27th, 2019.
Hours: Monday 11am - 6pm, Tuesday 12pm - 7pm, Wednesday 12pm - 7pm, Friday 11am - 6pm.
Closed: Thursdays

Strathcona Park - 25 Range Rd - Sandy Hill
Open: June 27th - August 27th 2019
Hours: Tuesday 12pm - 7pm, Wednesday 12pm -7pm, Thursday 12pm - 7pm, Friday 12pm - 6pm
Closed: Mondays

Little Italy

Chaudiere Park - 68 Elm St
Open: June 27th - August 27th 2019
Hours: Monday 11am-6pm, Tuesday 12pm - 7pm, Wednesday 12pm-7pm, Thursday 12pm - 7pm
Closed: Fridays

Hintonburg

Reid Park
Open: June 27 - August 27th 2019
Hours: Monday 11am - 6pm, Tuesday Closed, Wednesday 12pm -7pm, Thursday 12pm -7pm,
Closed: Fridays

Westboro

Lion’s Park - 294 Elmgrove Ave
Open: July 2nd - August 27th 2019
Hours: Monday 11am - 6pm, Tuesday 12pm - 7pm, Wednesday 12pm - 7pm, Thursday 12pm - 7pm, Friday 12pm - 7pm

Iona Park - 223 Iona St
Open: July 2nd - August 27th 2019
Hours: Tuesday 12pm - 7pm, Wednesday 12pm - 7pm, Thursday 12pm -7pm, Friday 12pm -6pm
Closed: Mondays

Hampton Park - 645 Parkview Rd
Open: June 27th  - August 27th 2019
Hours: Monday 11am - 6pm, Tuesday 12pm - 7pm, Wednesday 12pm - 7pm, Thursday 12pm - 7pm, Friday 11am - 6pm.

There are currently two staggered starting dates for wading pools to extend weeks of operation across Ottawa; June 27th - August 22nd 2019 and July 2nd - August 27th, 2019.

Ottawa Condo Market Statistics - December 2018

As we do every month, we have taken a closer look and broken down the sales data for the month of December 2018 for the top five "downtown" area's - Centretown, Byward Market and Sandyhill, Little Italy (which includes Lebreton Flats), Hintonburg, and Westboro. The information will be specific to apartment style condominiums, and only what sold through the MLS. Also, DOM (Day's On Market) is calculated to include the conditional period, which in Ottawa is almost every single transaction to be roughly 10-14 days.

Questions about how these numbers affect your investment/condo? Let’s chat! Fill out the form on the bottom of the page.

Ottawa Condo Market Statistics - November 2018

As we do every month, we have taken a closer look and broken down the sales data for the month of November 2018 for the top five "downtown" area's - Centretown, Byward Market and Sandyhill, Little Italy (which includes Lebreton Flats), Hintonburg, and Westboro. The information will be specific to apartment style condominiums, and only what sold through the MLS. Also, DOM (Day's On Market) is calculated to include the conditional period which in Ottawa is almost every single transaction to be roughly 10-14 days.

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Questions about how these numbers affect your investment/condo? Contact us to chat more!

Ottawa Condo Market Statistics - October 2018

Each month we take a closer look at the previous monthly condo sales data for the top five "downtown" Ottawa area's - Centretown, Byward Market and Sandyhill, Little Italy (which includes Lebretown Flats), Hintonburg, and Westboro. The information will be specific to apartment style condominiums, and only what sold through the MLS. Also, DOM (Day's On Market) is calculated to include the conditional period which in Ottawa is almost every single transaction to be roughly 10-14 days. Questions?

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Questions? Want to know how it affects your condo? Fill out the form below and let’s chat.

Ottawa Condo Market Statistics - September 2018

Every month we take a closer look at the sales data for the previous month for the top five "downtown" area's - Centretown, Byward Market and Sandyhill, Little Italy (which includes Lebretown Flats), Hintonburg, and Westboro. The information will be specific to apartment style condominiums, and only what sold through the MLS. Also, DOM (Day's On Market) is calculated to include the conditional period which in Ottawa is almost every single transaction to be roughly 10-14 days. Questions?

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CENTRETOWN

Huge jump in the average selling price for Centretown condos this year compared to September of 2017. Part of the reason for the large jump was due to a number of sales over the $500k mark. Over last month, we saw a similar number of new listings, while we saw quite a few more properties sell (33 vs 24). The list to sold price ratio stayed about the same, with the days on market increasing slightly (63 vs 51).

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BYWARD MARKET AND SANDY HILL
(INCLUDES LOWERTOWN)

Compared to last month, the Byward Market saw a healthy jump in average sold price with the number of sold condo units fell over last month (16 vs 24). Other than the differences in sold price, September of 2018 is pretty much the same as last year.

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LITTLE ITALY
(INCLUDING LEBRETON FLATS)

Little Italy continues to see fewer sales compared to new listings which is great if you are a buyer looking to enter. The average selling price is up over last month (362,330) and last year (329,086). Take the sold data with a grain of salt, since there is only a few sales to provide an average.

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HINTONBURG

Hintonburg continues to be an area with healthy demand and very few options for buyers. Lots of older product with very few modern buildings that continue to cause havoc on the numbers. Like last month, we saw the same amount of new listings that ended up selling, providing no increase or decrease to number of available product. With that, the DOM and list to sold price continue to weaken. We are seeing first hand that nice product that is priced right will sell quick!

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Westboro

Westboro continues to stay in great shape with one of the highest average selling prices. The DOM tightened up over last month, however we saw more activity which brought the other numbers more in line with what we are seeing across the city.

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Looking for specific information about an Ottawa condo building or area? Thinking of buying and maximizing your dollar? Let's chat. Fill out the form below.

Ottawa Condo Market Statistics - August 2018

We have taken a closer look at the sales data for the month of August 2018 for the top five "downtown" area's - Centretown, Byward Market and Sandyhill, Little Italy (which includes Lebretown Flats), Hintonburg, and Westboro. The information will be specific to apartment style condominiums, and only what sold through the MLS. Also, DOM (Day's On Market) is calculated to include the conditional period which in Ottawa is almost every single transaction to be roughly 10-14 days.

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CENTRETOWN

The market in Centretown slowed down over the month of August as most buyers and sellers are typically traveling or enjoying the summer before heading back to work. Compared to last month, (July 2018 stats) we saw our average selling price drop from $371,512 to $358,201, and only 32 new listings to July's 48. List to Sold prices came back to along what it was last year. 

What does this mean? While you could argue things slowed down, the lack of demand (fewer buyers) showed its head, and unless we see an increase in new listings in September, the DOM and list to sale price ratio will tighten up as there will be less to buy. We saw a more balanced market in August.

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BYWARD MARKET AND SANDY HILL
(INCLUDES LOWERTOWN)

Compared to July, we saw a $90,000 reduction in average sale price, fewer days on market, and a tighter list to sold price. In August we saw an equal amount of new listings to sold listings.

What does this mean? There was a higher demand for lower priced properties, and a strong pull from investors looking in that sub 300k market. The low amount of new listings, shorter days on market, and higher list to sold price ratio means things can easily jump in September unless we see more product come on the market. A sellers market below $300k, and a buyers market above $300k.

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Little Italy
(INCLUDING LEBRETON FLATS)

The seven sales in July were hot, which is evident in the 99.7% average list to sold price and the 35 average days on market. The average selling price dropped, which needs to be taken with a grain of salt since we have such low number of data points.

What does this mean? The properties that sold, were priced well and hot for the buyers looking. Its a buyers market, unless you are looking at one of the hot listings. Last month saw 14 new listings with only 4 sold. 

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HINTONBURG

Looking at the differences over last year might give you a scare - however with such few data points, you need to understand it is not a perfect example and rather use trends to better understand the market. We saw more new listings and more sales this month than last month. The days on market stayed the same, and the average selling price dropped. Other than price, things have certainly improved over last year!

What does this mean? As with other areas, the amount of sales below the 300k continue to dominate. The market has certainly improved over last year, and I would be willing to bet that next month you will see the selling price jump back up. The lower DOM over last year still signifies that more buyers are looking here than before, and would be a good time to sell!

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WESTBORO

Like last month, Westboro continues to be one of the hot markets with high prices and low inventory. A very tight List to Sold Price ratio and such few new listings makes this a unique market when you see the high DOM. The right properties are selling for close to ask, but taking longer. I would be willing to bet that September will see DOM drop.

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Looking for specific information about a building or area? Thinking of buying and maximizing your dollar? Let's chat. Fill out the form below.

Ottawa Condo Market Statistics - July 2018

Let's break down some specific data for the month of July for the top five "downtown" area's - specifically Centretown (including Golden Triangle), Byward Market and Sandyhill, Little Italy (which would include Lebreton Flats),  Hintonburg, and Westboro. The information will be specific to apartment style condominiums, and only what sold through the MLS. Also, DOM (Day's On Market) is calculated to include the conditional period which in Ottawa is almost every single transaction to be roughly 10-14 days.

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Centretown

The market in Centretown continued to tighten for July which is noticeable in the higher list to sold price ratio of 99.1% compared to 98.8% (from last month) and the fewer days on market of 43 compared to 46 (from last month). We still have a similar amount of new listings as last month, however the amount of units that sold have dropped from 43 (June) to 29 (July). Prices are up compared to last year, however holding about the same as last month.

What does this mean? While things have tightened up, the numbers would show that there is going to be more units available going into August. This might ease up the DOM, Sold Price Ratio, or the average sold price - more supply with equal or less demand.... Could be seeing a shift to a more buyer focused market.

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Byward Market and Sandy Hill
(Includes Lowertown)

Compared to last month we have seen similar numbers except for two. The average price has jumped from $362,773 in June 2018, to $410,517 for July 2018. Keep in mind that in May 2018 it was almost $400k, so the large change is expected and due to the few number of data points that are used can vary the number. At the same time, the days on market has increased from 50 last month, to 84 this month. Note - the DOM hit 162 days back in January of 2016.

What does this mean? With the DOM jumping up to 84 days, yet amount of new and sold listings staying almost the same as last month, we would expect the price to come back down or the list to sold price ratio to drop. Still continues to be more of a buyers market, especially with the higher DOM, lower LTS price ratio, etc. 

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Little Italy
(Including Lebreton Flats)

Average price has jumped over last month (June 2018) to $395,175. However that is based on the only four sales that happened this month. We continue to see more new listings, and fewer sales. DOM has increased to 50 days and the LTSP ratio has nudged up to almost 98.9%. 

What does this mean? A buyers market. Higher DOM, more options (listings), etc. With only four sold it means you have less competition. However the high LTSP ratio says that for the sellers who are serious, and priced right, you can and will sell.

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Hintonburg

The average sold price has dropped to $318,173, when it was $374,620 last month (June 2018). Activity has dropped (both new and sold listings), and the LTSP ratio edged up slightly. 

What does this mean? More of a sellers market. With fewer units available overall, a higher sold price ratio, and a somewhat low DOM, It would be a good time to sell. Buyers will want to see more supply, or need to be quick on their feet for the best units.

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Westboro

The average price is up over last month, but down over this time last year. Less activity then last month, but similar ratio of new vs sold units. Same LTSP ratio as last month with DOM increasing slightly. 

What does this mean? Sellers market. Highest average price, and highest LTSP ratio, along with the similar ratio of new vs sold listings, make it a very difficult buyers market. Not much negotiating is going on. Chances of multiple offers are strong. Again, the higher price point is due mainly to the larger, longer planned living (compared to the studio and sub 600sqft units in Centretown etc.).

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Looking for specific information about a building or area? Thinking of selling and want to get the best return? Let's chat. Fill out the form below.

Ottawa Condo Market Statistics - June 2018

Often, real estate is defined by its numbers and data - we can report on "hard facts" to provide a picture of the market. However, when we receive the standard monthly updates from the Ottawa Real Estate Board, I find it quite frustrating that the data reported for "condominiums" is board wide - meaning any property type that was listed as a condominium in any area. (This isn't a rant - there are too many micro markets across the city for them to report). What this means is that the information isn't compared by location (downtown vs Kanata) or property type (example - apartment or townhome) which can often mask or hide very interesting or specific information on a more detailed level. We all (should) know that there is a huge difference in price between a townhouse style condo in Kanata, versus a modern downtown highrise apartment in Centretown. 

Let's break down some specific data for the top five "downtown" area's - specifically Centretown (including Golden Triangle), Byward Market and Sandyhill, Little Italy (which would include Lebreton Flats),  Hintonburg, and Westboro. The information will be specific to apartment style condominiums, and only what sold through the MLS. Also, DOM (Day's On Market) is calculated to include the conditional period which in Ottawa is almost every single transaction to be roughly 10-14 days.

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Centretown
(North of 417, Canal to the East, Bronson to the West, Parliament Hill to the North).

Overall the average sold price for a Centretown condo over the last month is $371,998.00 which is up compared to a year ago, which saw an average list price of $347,394.00. The average DOM is at 46 which is an improvement over last year at 80 days (Keep in mind that includes the conditional period). The list to sale price ratio has increased to just under 99%, and a nice increase over last year at just above 97%. In June, we saw only 47 new listings, with 43 sales.

What does it mean? A healthy increase in the demand for condos located in Centertown. A much more balanced market, with prices continuing to rise at a very marginal rate. One thing to note is that the DOM from two years ago was up to a whopping 85 days. Based on what was listed vs sold, I would expect the market to be more of a Seller's market unless we see more listings!

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Byward Market and Sandy Hill
(Includes Lowertown)

The average sold price this month in the Byward Market and Sandy Hill has dropped slightly to $362,773. The DOM has dropped to 50 days, and much better than it was 3 years ago - 75 days. The list to sale price ratio held the same around the low 97%.

What does this mean? Prices are lower and becoming more attractive to buyers which is helping to reduce the DOM. Slightly more leaning towards a buyers market then for selling. With the DOM lowering you should see the list to sale price ratio increase.

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Little Italy
(Includes Lebreton Flats)

The average sold price for a condo in Little Italy is down to $386,900. The average DOM is up to 47 days, with the one year at 45 days. The average list to sold price ratio is up to 98.1%. Overall there are less new listings with a few more sales compared to last year.

What does this mean?  Since there are fewer buildings which mean fewer sales, the numbers will be affected more by each sale. Lower prices will drive the DOM and sale price ratios as buyers compare them to other areas. The number of listings will increase, and as prices drop, the number of sales will increase. Great market if you are a buyer looking for options with less competition.

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Hintonburg

The average sold price in Hintonburg lowered slightly from last year, to $374,620. More sales and a much tighter list to sold price ratio have dropped the DOM to less than half - now 39 days from the 89 days a year ago. 

What does this mean? It is much more of a seller's market than a buyer's market. I think it will get tighter unless we see more listings. More buyers looking to move more west! It is a great time to sell.

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Westboro

The average sale price in Westboro is up from last year to $474,406. With 17 new listings and 17 sold properties. The highest list to sold price ratio in any of the five area's at 99.4%! The DOM is also quite low at 37!

What does this mean? A hard market if you are a buyer. Considering that almost all condos will sell with a conditional period for status certificate review of 10-14 days, the DOM of 37 is very good for sellers.  The higher price point is due mainly to larger, longer term planned living (compared to studio's and sub 600sqft units found more in Centretown and Byward Market). 

Are you looking for more information about a specific area or building? Thinking of selling or buying? Let's chat - click on the button below!

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June 2018 Stats

Arthaus - Only 10 Units Available

Arthaus which is located at 20 Daly, has only ten units remain available for purchase. Occupancy (which had started the middle of May) has now finished on all floors, so quick closing for any unit could be possible. Built by DevMcGill, the 23 floor, 89 unit building, is a stunning addition to the Ottawa skyline.

In addition, you can take advantage of six months worth of condo fee's paid by DevMcGill, certain restrictions apply and for a limited time.

For more information on available pricing and floor-plans, fill out the form below.

CLICK FOR MORE INFO

Arthaus June 27

The Charlotte - Coming Soon

Richcraft's latest development is coming later this year. Floor-plans and pricing are currently being sorted out, but sources are saying to expect a late summer/early fall launch. 

The development will be located in Sandy Hill, specifically 560 Rideau Street.

Richcraft Sales Event - Galleria 2 (238 Besserer)

Richcraft Homes is currently pushing the last remaining units inside of the Galleria 2, located at the corner of Besserer and King Edward (on the border of Sandy Hill and the Byward Market). "The Million Dollar Event" has discounts on the remaining ten units, ranging from $40,000 to over $275,000 off of the purchase price. The building is now fully completed, allowing a quick closing period (for those who are looking to move fast). Building features an indoor pool, gym, amenities room and outdoor area, visitor parking, etc.

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A few of the available units include - The Urban Sp. on the 11th floor, 720sqft plus a large 435sqft terrace originally priced at $493,778, now priced at $399,000. The first major standout is the terrace, but looking closer you will see that the living area is decent and provides plenty of room depending on how you wish to enjoy the space. This includes underground parking, storage locker, stainless appliances,  hardwood throughout including the bedroom, Granite counters throughout etc.

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Another favorite is the Fenton floorplan on the 6th floor, 978sqft two bedroom two bathroom that was originally listed at $487,000 and now priced at $447,000. A smaller sized corner unit that includes a master en-suite bathroom and lots of light. This includes underground parking, storage locker, stainless appliances,  hardwood throughout including the bedroom, Granite counters throughout etc. 

 

Overall with the highly desired location (steps to Byward Market, Rideau Shopping Center, Nordstrom, Parliament Hill, University Of Ottawa, etc), and high-quality finishes, these units are certainly appealing to those currently shopping. There are only ten units - so once they sell, they are gone.

If you are interested in downtown condos for sale in Ottawa, contact Matt Richling (sales representative with RE/MAX Hallmark Realty Group) who focuses on downtown living. Fill out the form below or email him directly - Matt@MattRichling.com.

Click To Contact Matt Richling

238 Besserer Sales Event