The Ottawa real estate market has seen a great start of the year, with a total of 667 residential properties sold in the first month, with an average price of $394,001, up 1.9% compared to January of 2016, according to the Canadian Real Estate Association. More than one-third of these residential properties are priced between $300,000 and $399,999.
But even if prices did rise compared to the previous year, some excellent price-reduced homes can still be found on the market. We’ve handpicked a few houses located in some of the most popular areas of the city. They are now below the average price, so you won’t need to overspend in the process of home buying.
Take a look at a couple of the best deals currently available in the Ottawa real estate market:
#1 51 Winchester Drive, 3 bedrooms, 2 bathrooms, $349,900
With an impressive price drop of $20,000, this 2-level home is located in the highly sought-after Kanata-Goulbourn neighbourhood. With the aim of providing relaxed family living, the property combines comfort and sophistication through its many new upgrades. A custom-built galley kitchen with brand new stainless steel appliances encourages home-cooked meals every day, while the large and bright living area is ideal for family gatherings. The listing features 3 spacious bedrooms, 2 baths and a charming back yard.
#2 143 Marrissa Avenue, 3 bedrooms, 3 bathrooms, $375,000
With an in-demand location, 1,687 square-feet of living space, and a recent price drop of $10,000, this listing in Gloucester-Nepean will surely not remain on the market for too long. The freshly-painted house comes with hardwood floors on the main level, an expansive eat-in kitchen, a separate dining area and a spacious living room. The large master bedroom offers a walk-in closet and an en-suite bathroom. There are also 2 additional bedrooms, 2 baths and a large rec room with a cozy fireplace in the basement area.
#3 1174 Halton Terrace, 3 bedrooms, 4 bathrooms, $384,900
This newly-upgraded single family home in the friendly Morgan’s Grant community is in move-in ready condition. The immaculate house features a stylish kitchen with a kitchen island, granite counters and new appliances. The open-concept living and dining area is spacious and bright, perfect for entertaining guests. There are a total of 3 bedrooms, 4 baths and a fully-finished basement with plenty of storage space. The listing’s price just dropped $10,000, so now is the ideal time to check it out.
This is just a small teaser of what the local real estate market has to offer, so if you haven’t found a home in your budget range yet, check out the available condos for sale or cheap homes for sale in Ottawa for some affordable listings. If you’re curious about the state of the market in other cities nearby, don’t hesitate to browse through houses for sale in Kingston.