Olga Richer - Ottawa Realtor EXP

🔥🔥🔥NEW PRICE !!!!!!!🔥🔥🔥 $350,000
Live your luxury in this stunning corner unit at Claridge Plaza, perfectly situated in the heart of downtown Ottawa. With floor-to-ceiling windows, this home is drenched in natural light and offers beautiful city views throughout the day.The smart open-concept layout features a modern kitchen with stainless steel appliances, tiled backsplash, and breakfast bar, flowing seamlessly into a bright living space and private balcony. The spacious bedroom offers comfort and storage, while the versatile den is ideal for a home office . Hardwood and tile flooring add style and warmth throughout.This condo comes complete with in-unit laundry, underground parking, and a storage locker. Residents enjoy resort-style amenities including an indoor pool, fitness center, sauna, party lounge, theater room, 24-hour concierge, and landscaped terraces with BBQ areas.Step outside and you are only minutes from the University of Ottawa, ByWard Market, Rideau Center, Parliament Hill, Elgin Street, and the LRT. Whether you are a professional, student, or investor, this home offers unbeatable convenience, comfort, and lifestyle.All measurements to be verified by buyer. Some images have been virtually staged.
Please contact me for more details
https://www.realtor.ca/real-estate/28885811/2509-242-rideau-street-ottawa-4003-sandy-hill

🏠 Market Snapshot – March 2025
• Sales Activity: A total of 1,103 homes were sold in March 2025, marking a 6.2% decrease compared to March 2024. Sales were also 24% below the five-year average and 19.3% below the 10-year average for March.
• Average Price: The average home price stood at $676,984, reflecting a slight 0.2% decrease from March 2024.
• Benchmark Price: The MLS® Home Price Index (HPI) composite benchmark price was $626,200, a 2.2% increase year-over-year.
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🏘️ Property Type Breakdown
• Single-Family Homes: Average price of $796,256, up 0.7% from the previous year.
• Townhouses: Average price of $660,568, a 1.2% increase year-over-year.
• Condominiums: Average price of $431,066, down 2.6% compared to March 2024.
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📈 Inventory & Market Conditions
• New Listings: March saw 2,221 new residential listings, a 4.1% increase from the same month last year.
• Active Listings: There were 4,319 active residential listings at the end of March, up 60.3% year-over-year.
• Months of Inventory: Stood at 3.9 months, indicating a balanced market. ________________________________________
💡 Market Insights
OREB President noted that while sales activity has slightly declined, the spring market is gaining momentum. Lower interest rates are encouraging more activity, though buyers and sellers remain cautious due to economic uncertainties and the upcoming federal election.
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📊 Rental Market Overview
As of April 14, 2025, the rental market in Ottawa shows:
• Active Listings: 139
• Rented Properties: 121
• Median List Price: $2,599/month
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🔮 Looking Ahead
The Ottawa housing market is expected to maintain its balanced state in the near term. Factors such as potential interest rate changes, economic conditions, and housing policies will continue to influence market dynamics. Buyers and sellers are advised to stay informed and consult with real estate professionals to navigate the evolving landscape.