Just listed! Wonderful investment opportunity in trendy Hintonburg.  The easy to maintain 4plex at 88 Fairmont Ave is just $374,900.  Located in a great neighbourhood with easy access to everything, Hintonburg has recently been dubbed one of the fastest appreciating Ottawa areas.  - SOLD -

The building is fully tenanted and easy to look after. 

3 one-bedroom units and 1 two bedroom unit. 

Just listed - Life at the top!  Sitting on the edge of the escarpment at Cambrian Heights, this home offers a superb lifestyle.  Skylights, vaulted ceilings and two-storey windows flood natural light throughout this elegant home and brings in beautiful vistas from every direction.  3 bedrooms up and 1 down, master and ensuite with views of the Ottawa River, main floor family room, main floor laundry, 3 car garage and finished basement are just a start to entice you i

Each year the luxury homes market in Ottawa expands offering much more variety than ever before.  While the sale of homes in Ottawa over the Million dollar mark used to be largley restricted to Rockcliffe ( home to many of the embassies) sales of both condos and luxury homes well over 1 million dollars are occuring throughout the region. 

Click here to read more and see some of Ottawa's Million Dollar Properties.

Ottawa's Luxury Home Market is Growing
Over the past few years the Ottawa Real Estate Market has seen an increase in the number of homes and condos that sell for a million and up.  Used to be that only happened in Rockcliffe, but now we're finding homes of this calibre in at various locations throughout the city.

Sales of Million Dollar Homes in Ottawa for 2007.
In 2007, in Ottawa according to the MLS® statistics, there were 42 homes that sold having a list price of more than $999,000.  The most expensive one went for $3,3 million dollars, and the lowest one sold for $960,000.  The average sale price to listing price was 93%.  This means if you intend to list a house in the million dollar range there are perhaps 40 buyers out there in a given year that might be available to buy it.  There were 74 listings up to prices as high as $10 million which did not sell in that same time frame, 19 cancellations, 6 withdrawn listings and 49 that just expired.  This means that only 42 out of 116 listings in this price range sold.  That's a success ratio of only 36.2 percent. 

That's not a high ratio of sales to listings which means you're if you're trying to sell you're competing for a very small market.  That means that you really need to have good exposure - especially web exposure as buyers in this price range are very likely to be coming from elsewhere.  (How did you get to this site?)

Sales of Million Dollar Condos in Ottawa in 2007.
In 2007 according to the MLS® statistics there were 3 condos that sold in Ottawa that had a list price of over $999,000.  The highest price one was 1.2 million dollars.  There were two additional listings in the price range which were also listed but did not sell.  In previous years the system records 1 sale in 2006, and 1 in each of 2001, 2003 and 2005. 

This week's million dollar home opportunities in Ottawa.
There are currently around 47 homes and 4 condos in the million plus price range in Ottawa.  Want to get a glimpse - click on the links below.  (Note you must be logged in to view the links)

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Understated Elegance abounds in this beautifully customized home in one of Ottawa's most prestigious new neighbourhoods - StoneBridge Estates! - 36 Oakbriar Cres. Just $579,900 - Sold! This Barry Hobin designed home built 3 years ago by Uniform, is better than new, with far too many upgrades to mention.  The owners have taken every little detail into account resulting in the creation of an absolutely stunning yet warm and comfortable home.  Featuring 9' ceilings, 17 ceilings in the great room, completely landscaped rear oasis, with coi pond, fountains, perrenial gardens, custom remote controlled lighting, outdoor speakers, irrigation system. Oak hardwood floors. Great open-concept living, gorgeous custom kitchen with eat-in area over-looking the pond includes top-of-the-line stainless appliances to accommodate the most discerning of chefs.  Absolutely must be seen to be appreciated!!

Sold within 24 hours for more than asking price! One of the prime properties in one of Ottawa's most desired neigbourhoods!  1887 Ferncroft Crescent. Only $629,000! Great living and entertainment space in this beautifully renovated Garand built home. The open concept main floor flows nicely, tied together by the warm solid oak floors, high baseboards and curved crown mouldings. Custom lighting everywhere. Whether it's just the family or a gathering of 80 or so of your closest friends, this home just works! The pie-shaped lot expands out in the back to create a huge park like setting providing your own private oasis! Without a doubt one of the nicest properties anywhere in Ottawa.