This is the list price for a single last year in this area.WGretzky wrote: ↑ Tamarack releasing towns in edenwylde, Findlay creek, and cardinal creek on March 13
Here is the link to edenwylde: https://www.tamarackhomes.com/edenwylde ... -sales.php
Prices between $654k - $716k for edenwylde
Ottawa and Surrounding Area Real Estate market discussion
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- SCORE+78
- cfcbug
- Member
- Jul 25, 2013
- 404 posts
- 146 upvotes
- WGretzky
- Sr. Member
- Feb 28, 2009
- 921 posts
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- Ottawa
Anyone else surprised that is place listed for $999,000???
https://www.realtor.ca/real-estate/2290 ... QZ9NrU4H8c
https://www.realtor.ca/real-estate/2290 ... QZ9NrU4H8c
- cfcbug
- Member
- Jul 25, 2013
- 404 posts
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Not price at all. The market is so hot.WGretzky wrote: ↑ Anyone else surprised that is place listed for $999,000???
https://www.realtor.ca/real-estate/2290 ... QZ9NrU4H8c
- Axelrod
- Newbie
- Apr 12, 2018
- 47 posts
- 41 upvotes
Huge lot. Not quite as large as the 59 Stitt St street house that sold for $995k last week, but this house is probably nicer. I'd say it's hard to imagine there would be a bidding war at this price point, but I've seen crazier things...WGretzky wrote: ↑ Anyone else surprised that is place listed for $999,000???
https://www.realtor.ca/real-estate/2290 ... QZ9NrU4H8c
- freeman93
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- Jul 15, 2019
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- cfcbug
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- welcomelm
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- May 6, 2012
- 863 posts
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- KANATA
- freeman93
- Sr. Member
- Jul 15, 2019
- 724 posts
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Yes, he has a few townhomes... of course he got them before the craziness happened, but he is cashflow positive(once again this was pre craziness) and had the easiest of time finding tenants. My realtor buddy has been nagging me to get something in CP for quite sometime. I can ask him for more info if you'd like.
- cfcbug
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- Jul 25, 2013
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Yes. Please share some more information. I am interested in buying a rental property in CP. Thanks!freeman93 wrote: ↑ Yes, he has a few townhomes... of course he got them before the craziness happened, but he is cashflow positive(once again this was pre craziness) and had the easiest of time finding tenants. My realtor buddy has been nagging me to get something in CP for quite sometime. I can ask him for more info if you'd like.
- welcomelm
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- May 6, 2012
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Thanks for your info. I guess what we want to know the most about CP is its tenant pool quality. I guess your brother can just answer the question. If your brother had chance to rent to a new tenant in the last 2 years, we would like to hear his experience. Thanks againfreeman93 wrote: ↑ Yes, he has a few townhomes... of course he got them before the craziness happened, but he is cashflow positive(once again this was pre craziness) and had the easiest of time finding tenants. My realtor buddy has been nagging me to get something in CP for quite sometime. I can ask him for more info if you'd like.
- cfcbug
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- Jul 25, 2013
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Anyone here has list price of new build TH in CP? I don’t care builders, the cheaper the better. Thanks!
- canabiz
- Deal Guru
- Jun 28, 2003
- 12181 posts
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- Ottawa
There were some prior discussions about rental market in Smith Falls. This is not encouraging news.
https://www.thestar.com/business/2021/0 ... r_business
https://www.thestar.com/business/2021/0 ... r_business
- skeet50
- Deal Fanatic
- Jan 15, 2017
- 5749 posts
- 6121 upvotes
- Ottawa
Doesn't say much about the local media, especially since EQ tried this last year. But we all know that the MSM loves to feed the housing market mania. Perhaps the reporters should sign up for RFD accounts to stay ahead of what is actually happening, lol.William W wrote: ↑ Wasn't this discussed here a few days ago? And mainstream media just picked up the story.
https://ottawa.ctvnews.ca/homebuilder-l ... -1.5340423
Kudos to those who post and contribute here, we are well ahead of the curve.
BTW, we had a year head start, but we are just 10 pages back from passing the Vancouver RE thread.
- skeet50
- Deal Fanatic
- Jan 15, 2017
- 5749 posts
- 6121 upvotes
- Ottawa
I've noticed in a past release and now again in this release that Tamarack is building their towns with pre-selected finishes. First Cardel with structural upgrades pre-selected and now Tamarack with pre-selected finishes. Are we at the start I wonder of builders truly only offering cookie cutter homes?WGretzky wrote: ↑ Tamarack releasing towns in edenwylde, Findlay creek, and cardinal creek on March 13
Here is the link to edenwylde: https://www.tamarackhomes.com/edenwylde ... -sales.php
Prices between $654k - $716k for edenwylde
- mmagda
- Deal Addict
- Nov 2, 2008
- 1755 posts
- 723 upvotes
- The Capital
You call it cookie-cutter, my parents refer to it kindly as communist-living.skeet50 wrote: ↑ I've noticed in a past release and now again in this release that Tamarack is building their towns with pre-selected finishes. First Cardel with structural upgrades pre-selected and now Tamarack with pre-selected finishes. Are we at the start I wonder of builders truly only offering cookie cutter homes?
They went thru the exact same process in their ex-Soviet satellite state: Lottery, if you're lucky = pay deposit, get told when everything else happens, hope its on time & finally get keys. LOL
- freeman93
- Sr. Member
- Jul 15, 2019
- 724 posts
- 588 upvotes
So my brother bought two townhomes in CP for $230-$240K a few years back they can fetch around $400K maybe more in todays market. He currently rents each for $1650/mo. The information he has gathered from our realtor friend who does lots of deals in the area, is that there is currently more demand than supply for rental... so things are renting... He believes he could technically fetch rents closer to market rate at $1850-$1900/mo. His current tenants are great so he wont be changing anything.
- welcomelm
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- May 6, 2012
- 863 posts
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Thanks a lot. This is very good news and encouraging. Some of us here have precons up for closing in 2021 and we were worrying that CP tenant pool is either not good enough or big enough for so many new builds over there.freeman93 wrote: ↑ So my brother bought two townhomes in CP for $230-$240K a few years back they can fetch around $400K maybe more in todays market. He currently rents each for $1650/mo. The information he has gathered from our realtor friend who does lots of deals in the area, is that there is currently more demand than supply for rental... so things are renting... He believes he could technically fetch rents closer to market rate at $1850-$1900/mo. His current tenants are great so he wont be changing anything.
- michelb
- Deal Fanatic
- Jul 4, 2004
- 7429 posts
- 4676 upvotes
- Ottawa
Just so it's clear, in Ontario, unless his tenants voluntarily leave, he CANNOT change anything. There is a rent freeze for 2021 so he couldn't increase the rent on the current tenants even if he wanted to. (https://www.ontario.ca/page/residential-rent-increases)freeman93 wrote: ↑ So my brother bought two townhomes in CP for $230-$240K a few years back they can fetch around $400K maybe more in todays market. He currently rents each for $1650/mo. The information he has gathered from our realtor friend who does lots of deals in the area, is that there is currently more demand than supply for rental... so things are renting... He believes he could technically fetch rents closer to market rate at $1850-$1900/mo. His current tenants are great so he wont be changing anything.
- freeman93
- Sr. Member
- Jul 15, 2019
- 724 posts
- 588 upvotes
Correct, but he could provide notice from my understanding to increase rents in 2022?michelb wrote: ↑ Just so it's clear, in Ontario, unless his tenants voluntarily leave, he CANNOT change anything. There is a rent freeze for 2021 so he couldn't increase the rent on the current tenants even if he wanted to. (https://www.ontario.ca/page/residential-rent-increases)
- canabiz
- Deal Guru
- Jun 28, 2003
- 12181 posts
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- Ottawa
It is possible to increase rent in 2022 but I don't think we will know until later on this year, once the pandemic is fully under control. I think the Ontario government typically produces guidelines for rent increase in the Fall (September and onwards).
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