Ottawa’s million-dollar real estate market is set for further growth in the latter half of 2023 following a robust first half, according to the mid-year Canadian Luxury Market Report by Engel & Völkers.
The report reveals that the average sale price for residential and condo class homes in the $1 million to $3.99 million range in Ottawa was $1.363 million in the first six months of the year, representing a 3.18 per cent increase from the previous year. During this period, 731 homes and condominiums in this price range were sold across the city.
Moreover, three properties priced over $4 million were sold in Ottawa during the first half of the year, including a home on Manor Avenue that fetched $6.3 million in January.
Engel & Völkers predicts that the ongoing upswing in the market will maintain its strength throughout the remainder of the year, indicating a return to a more typical seasonal pattern. This positive outlook is encouraging for both buyers and sellers looking to engage in real estate transactions in the latter part of 2023.
The report also highlights that in Ottawa, buyers and sellers are gradually adapting to the more stable conditions in the market, and it is expected that the market will further solidify over the next four to six months. The $1-3.99 million market remains a seller’s market, while the $4 million-plus market is a buyer’s market, which is customary for this price bracket.
The most sought-after premium price point in the city lies between $1.5 million and $2.5 million. Properties listed competitively within the range of $1.3 to $2.2 million are anticipated to be quickly purchased, often within one to two weeks.
Glebe – 258 Second Avenue
For sale in the charming Glebe neighborhood at 258 Second Avenue is a magnificent five-bedroom, five full-bathroom home with a listing price of $4.3 million.
Built in 2009, this sensational residence sits on a generous and lush 5,149.25 square-foot lot, thoughtfully designed to harmonize with the Glebe’s aesthetic while offering an exceptional family living experience. The home boasts trendy design elements, light-filled spaces, and generously proportioned rooms with high ceilings, creating an inviting and spacious ambiance.
The front facade of the home seamlessly blends into the classic neighborhood design, providing an elegant and timeless appeal. Inside, the dining room gracefully opens to a well-appointed kitchen, creating a seamless flow for entertaining and everyday living. From the kitchen, you enter the “phenomenal great room,” a space that promises to be the heart of the home—a perfect spot for gathering and relaxation.
This residence, listed on Christie’s International Real Estate website, presents a rare opportunity to own a remarkable property that embraces the character of the Glebe while offering modern comforts and sophisticated living for discerning buyers.
Kanata – 68 Synergy Way
Nestled in the serene neighborhood of Kanata at 68 Synergy Way, this exquisite single-family home is a true gem, boasting four bedrooms and three bathrooms, all on a sprawling 2.29-acre lot. Currently available on the market for $1.99 million, this property offers an exceptional living experience.
Constructed in 2018, this dream bungalow was envisioned and built by the renowned builder, Pierre Garand, to the highest standards of craftsmanship. Resting on a magnificent south-facing lot, the home enjoys a sense of privacy and tranquility, set well back from the street.
The main floor of this sensational home features 9-foot ceilings, creating an airy and inviting atmosphere throughout. A walkout lower level adds to the allure of the property, providing easy access to outdoor living spaces and the picturesque surroundings.
One of the standout features of this residence is the incredible indoor hot tub room, brilliantly designed with humidity-proofing in mind. This addition adds an element of luxury and relaxation, allowing homeowners to unwind and rejuvenate within the comforts of their own home.
Listed on Christie’s International Real Estate, this builder’s own masterpiece is a rare find, presenting an opportunity to own a meticulously crafted home on a pristine and spacious lot, surrounded by nature’s beauty in the heart of Kanata.
Manotick – 512 Leimerk Court
This magnificent five-bedroom, five-bathroom home awaits its new owner. Priced at $2.380 million, this property offers an impressive and spacious living experience in the south Ottawa area.
Designed with entertainment in mind, the living room, kitchen, and eating area are strategically positioned at the back of the house, offering a captivating view of the large fenced yard. A covered porch, interlock patio, in-ground irrigation system, and mature trees provide a serene and private outdoor space perfect for year-round enjoyment.
One of the standout features of this property is the four-car garage, providing ample space for vehicles and additional storage. The lower level of the home is thoughtfully designed, featuring in-floor heating for added comfort. A wet bar in the entertainment area allows for hosting gatherings with ease and style.
In addition to the entertainment space, this home also offers separate playroom and gym areas, providing ample opportunities for recreation and leisure.
With its remarkable amenities, spacious layout, and scenic surroundings, 512 Leimerk Court presents an exceptional opportunity for those seeking an elegant and inviting home in the charming community of Manotick. The listing on Realtor.ca provides a glimpse into the beauty and potential of this splendid property.
McKellar Park – 651 Wavell Avenue
The exquisite home is now available for purchase at $2.399 million. Offering four bedrooms and four bathrooms, this property has been thoughtfully updated, ensuring a contemporary and luxurious living experience.
Step inside to discover a beautifully renovated kitchen, en suite, basement, and main level bath, all completed in 2021. The attention to detail is evident throughout, with stunning exterior finishes, power blinds, and a Lutron app for lighting control, enhancing both comfort and convenience.
The interior boasts meticulously engineered white oak floors, adding a touch of elegance to every room. Additional features include a lawn and garden irrigation system, an expanded interlock driveway, and a finished garage floor, exemplifying the property’s commitment to excellence.
The outdoor spaces are equally captivating, with an expanded patio featuring a hot tub and fire feature, perfect for relaxing and entertaining. The backyard is adorned with gorgeous landscaping, creating a serene oasis to enjoy all year round.
For added peace of mind, a security system has been installed to ensure safety and protection for you and your loved ones. With its luxurious features, recent upgrades, and enchanting outdoor spaces, this home in McKellar Park presents an exceptional opportunity to embrace a life of comfort and sophistication.
Old Ottawa South – 55 Old Sunset Boulevard
A rare gem overlooking Dow’s Lake, this stunning three-bedroom, three-bathroom home is now available for purchase at $5.95 million. Every detail of this property has been thoughtfully designed and crafted to create a true masterpiece.
As you step inside, you will be greeted by honed concrete floors that are heated throughout, providing both a sleek and comfortable living environment. Walnut accents add a touch of sophistication, while luxurious features, such as a chef-grade True fridge and a Rumford wood-burning fireplace, elevate the overall living experience.
Floor-to-ceiling windows allow an abundance of natural light to flood the interior, seamlessly bringing the outside in and offering breathtaking views of Dow’s Lake. The soaring open-to-above layout cleverly maximizes space and function without overwhelming the senses, ensuring a harmonious flow throughout the home.
Outside, the property boasts a heated driveway for added convenience and comfort. Private outdoor spaces and terraces provide the perfect settings to enjoy the picturesque views of Dow’s Lake and its serene surroundings.
This exceptional home combines luxury, style, and functionality, making it a truly remarkable offering on the market. Don’t miss this extraordinary opportunity to own a piece of tranquility and elegance in this coveted location, as featured on Realtor.ca.
Orleans – 1708 Autumn Ridge Drive
A remarkable four-bedroom, three-bathroom home is now available for $1,499,999, presented by the Bennett Property Shop website.
Approaching the property, you’ll be captivated by its allure, with an interlock pathway leading to the entrance and a charming second-floor balcony adorned with a glass railing. The beautifully landscaped yard sets the tone for the elegance that awaits inside.
Stepping through the front door, you’ll be greeted by an inviting foyer that sets the stage for the rest of the home. The main level offers an impressive layout, featuring a home office, a convenient 3-piece bathroom, and a welcoming living room with high ceilings that exudes sophistication. A formal dining room provides the perfect setting for hosting gatherings and special occasions.
Prepare to be wowed by the newly renovated kitchen, complete with modern updates, granite countertops, and an eat-in area overlooking the cozy family room, ideal for relaxing and spending quality time with loved ones.
The home extends its beauty to the outdoors, with a newly landscaped backyard that promises a tranquil retreat and a space to create lasting memories.
With its distinguished location and exquisite features, this all-brick home in Chapel Hill is sure to leave a lasting impression on discerning buyers. Don’t miss the opportunity to make this stunning residence your own.
Ottawa West – 506 Piccadilly Avenue
Nestled on one of Ottawa’s premier avenues, this magnificent four-bedroom, six-bathroom home is now available for $4.399 million, offering the perfect blend of timeless elegance and modern luxury.
As a brand new, custom-built residence, this home has been thoughtfully designed to preserve the area’s distinguished charm and sophistication, creating a seamless blend between the classic and the contemporary.
With approximately 3,600 sq. ft. spread across two levels, and an additional finished basement of approximately 1,700 sq. ft., this home offers a spacious and functional layout for comfortable living. The second level boasts four bedrooms, four baths, and a versatile office space, providing ample room for all your needs. The convenience of an oversized laundry room on this level adds practicality to everyday life.
The main level is a haven for entertaining and family gatherings, featuring a formal living and dining room that exude a sense of grandeur and grace. The heart of the home is the dream kitchen, complete with a large eating area and a walk-in pantry, providing all the amenities for culinary enthusiasts. The family room offers a cozy retreat, while an oversized mudroom ensures organization and ease of use.
With meticulous attention to detail and high-quality finishes throughout, this home exemplifies luxury living at its finest. Don’t miss the opportunity to make this classic yet modern masterpiece your very own.
Playfair Park – 586 Pleasant Park Road
Offered at $3.29 million, this exquisite four-bedroom, five-bathroom home located in the sought-after Playfair Park neighborhood of Ottawa presents a rare opportunity to live in the lap of luxury, with proximity to the Ottawa Hospital and CHEO.
The exterior of this home is a stunning display of craftsmanship, boasting a full stone façade, three balconies, and a covered porch at the back. With over 4,500 sq. ft. of living space, this residence offers a spacious and elegant environment for you to call home.
From the moment you step inside, you’ll be greeted by soaring ceilings that create an atmosphere of grandeur and sophistication. The main floor primary bedroom adds a touch of convenience and comfort, making this home perfect for those seeking one-level living or a private retreat.
No expense has been spared in the selection of lavish finishes throughout, creating an ambiance of timeless elegance and superior quality. Custom window coverings add a touch of sophistication while ensuring your privacy.
The backyard of this residence has been carefully designed as a peaceful retreat, offering an oasis for relaxation and outdoor enjoyment. With no rear neighbors, you can enjoy tranquility and seclusion in your own backyard.
The gourmet kitchen is a chef’s delight, equipped with built-in refrigerator and dishwasher, as well as a gas stove, making it a perfect space to indulge your culinary passions.
This home represents the pinnacle of refined living, where comfort, elegance, and privacy blend seamlessly. Don’t miss the chance to experience the epitome of luxury living in this magnificent Playfair Park home.
Rockcliffe Park – 300 Acacia Avenue
This remarkable six-bedroom, four-bathroom home nestled in Ottawa’s prestigious Rockcliffe Park neighborhood is now available for $5 million.
Positioned on a rare corner lot on a quiet non-through street, this property boasts a unique topography that elevates it above the surroundings, providing a commanding presence. The walkout lower level leads to a private, gated garden, motor court, and an inviting fenced-in pool area, creating an oasis of relaxation and outdoor enjoyment.
The house and gardens are strategically oriented to bask in the brilliance of the sun’s southern exposure throughout the day, ensuring a well-lit and inviting interior all year round. The seamless integration of indoor and outdoor spaces allows for a harmonious blend of comfort and natural beauty.
Inside, you’ll find four cozy fireplaces, adding warmth and charm to the living spaces, making this home a perfect retreat during colder months. The exquisitely manicured backyard with a pool provides an ideal setting for hosting gatherings and creating cherished memories with family and friends.
As a testament to the thoughtfulness of its design, the home offers the convenience of two washers and two dryers, streamlining your daily tasks and ensuring a well-organized household.
With its prime location in Rockcliffe Park, this property offers not just a stunning residence, but also the opportunity to immerse yourself in one of Ottawa’s most sought-after and prestigious communities.
Don’t miss the chance to own this magnificent home and experience the epitome of luxury living in the heart of Rockcliffe Park.
Stittsville – 156 Finsbury Ave.
This five-bedroom, five-bathroom home in the charming neighborhood of Stittsville is now available for $1.99 million.
From the moment you step inside, this home captures your attention with its thoughtful floorplan, elegant elevation, and stunning interior selections. Offering over 5,000 sq. ft. of premium living space, every detail has been carefully considered to create a residence that exudes luxury and comfort.
The gourmet kitchen, complete with a large island, is a chef’s dream, providing the perfect space to prepare culinary delights and entertain guests. A well-appointed mudroom adds functionality and convenience to your daily routines.
Upstairs, each bedroom features its own en suite, offering privacy and comfort for all family members or guests. The thoughtful addition of a second-floor laundry room further enhances the practicality of this home.
Set on a tranquil lot, you’ll enjoy the peace and quiet of having no back neighbors, creating a serene retreat where you can unwind and relax in your private oasis.
This home is a true gem in the sought-after community of Stittsville, offering a harmonious blend of refined living and modern comforts. Don’t miss the opportunity to make this stunning property your own and experience the epitome of gracious living in this desirable neighborhood.
Westboro – 277 Kirchoffer Avenue
This stunning single-family home in Ottawa’s coveted Westboro neighborhood is now available for $1.999 million.
Nestled at Westboro Beach, just steps away from SJAM Parkway and the picturesque shores of the Ottawa River, this home offers the perfect blend of convenience and natural beauty. With easy access to all the amenities that Westboro has to offer, you’ll enjoy a vibrant and dynamic lifestyle.
The multi-level layout of this executive family home is both unique and impressive, providing “WOW” factors galore throughout. The thoughtfully designed floorplan offers four bedrooms and six bathrooms, ensuring ample space for all your family’s needs.
One of the standout features of this home is the in-law/nanny suite, providing a private and comfortable space for extended family or guests. Additionally, two west-facing verandahs offer the perfect vantage point to soak in breathtaking sunsets over the Ottawa River and Gatineau Hills, creating a serene and idyllic setting.
With its exceptional location, stylish design, and numerous amenities, this home presents a rare opportunity to live in one of Ottawa’s most sought-after neighborhoods. Don’t miss out on the chance to make this exquisite property your own and experience the best that Westboro has to offer.