Soho Champagne

Soho Champagne are offering brand new incentives starting today with all purchases. Great for investors and owners. Contact me today to find out what they are!

SoBa

SoBa, a new development near Bank Street in Downtown Ottawa, will begin construction in 2014. It will be built by Toronto company Lamb Development Corp. who plans to construct the 244-unit tower in Centretown.The preliminary design of SoBa features a ground-level podium occupying the entire lot and a T-shaped structure beginning on the second floor and forming part of the podium until the seventh floor, according to city documents.

Other requested amendments include authorization to build a 7,500-square-foot retail store on the ground floor and reductions in required space for the front and rear yards, "communal amenity area" and landscaping. Recently, rezoning and site plan applications were recently filed with the city. The most recent application is to bring the building from 19 to 21 storeys.

The city has indicated they want more development within Centretown.

Follow my blog for more information as it becomes available.

Distillery Warehouse Lofts

Distillery Warehouse Lofts is coming up next week, call or email me today for more details!

Ottawa, award winners again!

The Ottawa-Gatineau area has once again earned the title of Best Canadian City, a prestigious award ranked by MoneySense magazine. This is not the first time our Nation's Capital has received this award. The Ottawa-Gatineau has proudly accepted it four times in the past six years. 

Representatives from MoneySense magazine judge 180 Canadian cities on several diverse factors. Arts & culture, crime rate, household income, medical doctors per capita, rates of employment and air quality are some of the criteria the judges use. "It's often been said that your home is probably the biggest financial investment you'll ever make," says Marnie Bennett, Team Leader at the Bennett Pros. "You'll want to make that investment in a place that will hold its value over time."

Click here to read more about this great article published by my Team Leader Marnie Bennett.

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Ottawa Condo Boom is for real

Have a look at this video that appeared on CBC News featuring none other than the Bennett Pros

http://www.cbc.ca/news/canada/ottawa/story/2011/10/21/ottawa-condo-boom.html

On the RADIO

On Saturday October 15th, myself and some Bennett Pros team members had the opportunity to be on 580 CFRA, Ottawa's news leader.

On the broadcast, we announced several new projects to be on the look out for and covered topics that new and experienced home owners should consider when looking to purchase a home. If you'd like more information on any of these topics join us at our Condos and Cocktail event on Thursday, October 27th at our office at 250 Somerset St. The event will feature several pre-construction opportunities in the city as well as a crash course on condo buying. You can register on facebook or simply send me an email at Nick@bennettpros.com

To listen to the Bennett Pros podcast click here. http://bennettpros.com/gold_customform1.asp

Bayshore Shopping Center's expansion

Bayshore got approval from the city's planning committee this week on a massive expansion bringing it's rental space from the current 754,00 sq.ft to more than 1,000,000 sq.ft as well as adding additional parking spaces. The first stage of construction which is slated to start in the spring of 2012 would bring the rentable area to approximately 915,000 sq.ft. The expansions are estimated to be about $150 million.

This expansion will have positive effects on the housing in the area, including a face lift valued at $40 million on a housing area across the road from Bayshore named Accora Village which houses over 7,000 residents. Thus increasing home values in the area.

There are still plenty of approvals left to get from the city but the project is off on the right foot.

Ottawa on the up in September

Ottawa resales were up 12% in September according to the Ottawa Real Estate Board. This is great news for all Ottawa housing and investors. 1,202 properties were sold last month, an increase of 12.2% over 2010. Of the 1,202 sales, 280 were condos. This also encouraged an increase in average sales price by 3.4%.

As for the Ottawa housing starts, they were also up 35% in September over 2010 according to CHMC. A total of 627 units, a jump of 164 units over last year.

Good news all around!

Soho Lisgar

There is still some very good units available at Soho Lisgar, recently 4 more floors were added to this centrally located hotel inspired condominium. Starting in the upper $200,000, these condos are manage by Soho Metropolitan Group. They include Gluckstein-designed floor plans, bathrooms and common areas. There is over 7,000 sq.ft. of amenity space, including a Dalton Brown Gym, infinity tub, lap pool etc. Don't miss this great opportunity.

Distillery Warehouse Lofts

Distillery Warehouse Lofts site. Under construction. Msg me for details on how to purchase at this amazing location. Condos will be ready this time next year! Get pre construction prices while construction is going on! Ask me how!