Jane Scott Sales Representative

Serving Ottawa and the Surrounding Area


Is Ottawa the new Toronto?

Recently, I was working with a lovely young couple who were looking to purchase a home in an Ottawa downtown neighbourhood. We found one that the young couple really loved. It was a very well maintained, good solid semi-detached little home in a very nice downtown neighbourhood with a list price of $499,000. It had hardwood floors throughout, an updated kitchen, an updated bathroom and lots of other desirable features. Its only drawbacks were that it had one bathroom, no garage, and was a block away from the Queensway.

The young couple felt that these drawbacks were not a deal breaker so we went ahead and prepared an offer. We then discovered that were were in multiple offer with 5 other buyers. We submitted our best offer and hoped for the the best. Unfortunately my young couple did not submit the winning offer.

The home was sold firm that very same day. It sold with no conditions and for $597,000. That is almost $100,000 above asking price.

Is Ottawa the new Toronto?
No comments

Post Your Comment:

* indicates required fields.
Your Name: *
Please note, your email will not be shown publicly
Your Email (will not be published): *
Comment: *
Jane Scott
Toll Free:866.457.0466
RE/MAX Affiliates Realty Ltd., Brokerage
Ottawa, Ontario
K2S 0P5 Canada
Mobile Web App
The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.
MLS®, REALTOR®, and the associated logos are trademarks of The Canadian Real Estate Association.