Estimated Condo Fees: $852.80

Condo Fees Include: Caretaker, Heat, Hydro, Building Insurance, Management, Water, Recreation Facilities.

Units for Sale

List Price                                   Bedrooms                             Bathrooms                            Condo Fee

$414,900                                    2                                                   2                                                    $852.80

VIEW UNIT FOR SALE

400 Laurier Ave 2 Bedroom Condo

Recently Sold Units

List Price                                   Bedrooms                             Bathrooms                            Condo Fee

Built in: 1971

Estimated Condo Fees: $315 – $486

Condo Fees Include: Caretaker, Heat, Hydro, Building Insurance, Management, Water, Recreation Facilities.

Units for Sale

List Price                                   Bedrooms                             Bathrooms                            Condo Fee

$224,900                                    2                                             1                                             $402.00

915 Elmsmere Rd Unit 714 - Call 613-800-2211 for more information.

915 Elmsmere Rd Unit 714 - Call 613-800-2211 for more information.

Recently Sold Units

List Price                                   Bedrooms                             Bathrooms                            Condo Fee

$234,900                                    3                                             2                                             $486.00

$216,000                                    2                                             1                                             $413.00

$208,900                                    2                                             1                                             $413.00

$196,500                                    2                                             1                                             $413.00

$137,500                                    1                                             1                                             $341.00

$219,900                                    2                                             1                                             $398.00

$198,900                                    2                                             1                                             $394.00

$149,000                                    1                                             1                                             $315.00

$207,900                                    2                                             1                                             $379.00

We currently have 3 buyers looking to buy units in this building. Please give us a call if you are thinking of selling. 613-800-2211

Built in: 2006

Estimated Condo Fees: $350 – $600

Condo Fees Include: Building Insurance, Management, Recreation Facilities, Water

Units for Sale

List Price                                   Bedrooms                             Bathrooms                            Condo Fee

Recently Sold Units

List Price                                   Bedrooms                             Bathrooms                            Condo Fee

$449,900                                    2                                             2                                             $418.80

$499,900                                    2                                             2                                             $508.37

$379,000                                    2                                             1                                             $360.00

$595,000                                    2                                             2                                             $565.22

$399,900                                    2                                             2                                             $408.00

A Ottawa property owner runs the risk of being held legally liable for such an accident happening within his property. The liability cover offered by standard condoowner’s insurance can be of use but only to an extent. It may not be enough to cover you against major claims.

Umbrella insurance offers you additional cover should you exhaust your condoowner’s insurance. You can easily exhaust your Ottawa condoowner’s insurance, leaving you exposed to the possibility of losing your property, your goodwill and your credit rating. You need extra insurance to protect you should the need arise.

Here are some situations that can lead to a lawsuit against an Ottawa condoowner.

Accidents on the premises

You can be held liable if somebody is injured while on your property. This can happen regardless of whether the accident was your fault or not. You can also be held liable if your pet injures someone or a member of your family causes an accident.

Known defects

You are more likely to face a lawsuit if an accident occurs on your Ottawa property due to a defect you are aware of. An example of that is an accident caused by a damaged staircase in your condo.

Other factors

You may be faced with a lawsuit due to other issues like privacy invasion, slander, character assassination, libel, malicious prosecution and so on. All these may look unrelated to condoownership, but if you are faced with any of them, you could easily lose your condo in an unexpected lawsuit. Umbrella insurance can offer coverage for these types of lawsuits as well.

This insurance is preferred by financial advisers to increase your liability cover. This insurance lowers the risk of losing your condo and property because of an accident on your property or from another lawsuit. A small additional amount of about $300 can add your condoowner’s insurance liability cover to $1 million.

Umbrella insurance coverage is very important should you be faced with an unexpected lawsuit. It is in the best interests of every Ottawa condoowner to get sufficient insurance for his condo and property to protect against any lawsuits that may arise.

NOTE: The owners of this website own but are not the authors of the above content. Views and values that are expressed in these articles are not those of the website owners.

When it comes time to sell your Ottawa condo you may want to consider getting some green cleaning products to use around your condo. People that are sensitive to regular cleaners may be put off by the toxic smells of bleach and ammonia. Green products have become very popular and can be picked up at a reasonable price at a grocery or department store.

If you regularly use green products to clean your condo, you can definitely use this as a selling feature. If anybody is interested in your condo and they are concerned about the air quality in your condo, this will definitely serve as a plus point in your favor.

If you have been using green products it will affect more than the immediate air-quality. Your air ducts won’t have built up toxic chemicals and your other pipes throughout the condo won’t have a toxic residue either.

Rugs will naturally absorb toxins from harsh cleaners. If you have been using green rug cleaning products, the rug and the underlay will not have accumulated chemicals over the years.

The green factor is an important selling point to a lot of people since many are suffering from allergies or asthma or have family members with respiratory problems. As more information rises to the surface, it is becoming more well–known that the air quality inside your condo plays a very important role in your health. Families with young children may be especially concerned about purchasing a Ottawa real estate that has been subject to toxic chemicals for many years.

Don’t forget to let your Ottawa real estate agent know if you have been using green cleaners throughout your condo on a regular basis. You never know when this will be a vital selling feature that could help make a quick sale.

NOTE: The owners of this website own but are not the authors of the above content. Views and values that are expressed in these articles are not those of the website owners.

Benefits of a condo

One of the biggest advantages of buying an Ottawa condominium is the price. For the most part, a condo will cost a lot less than a house and for many it is an affordable option when a house is out of the question.

The other benefits of owning an Ottawa condo are the amenities provided by the association. Some condos come with a recreation room, swimming pool, athletic room etc. These are great for people that actually use them since they won’t have to leave the grounds for their recreation.

Drawbacks of a condo

You will have to pay association fees when you own a condo and these will have to be added when you are working your budget and deciding what type of housing you can afford. Also, you’ll be in a tightly knit community and won’t have the same level of privacy as you would have in a house. If you don’t get along with your neighbors, you are in a closer vicinity to them and it can lead to some awkward moments if you’re both taking the same elevator.
One of the biggest drawbacks of owning an Ottawa condo is the lack of a private yard for people that would like one. This means that you won’t have your own garden or place to sit and unwind by yourself.

Benefits of a house

A Ottawa house offers a lot more freedom than a condo. You are able to modify the house as you wish, as long as you stay within the bylaws. The inside of a condo cannot be renovated too much since there are strict rules about what can be changed and what must remain untouched.

You will have more privacy in your own home because your walls will not be attached to another person’s dwelling. This means that you will be able to be louder and will not have to worry about neighbor’s complaints as much.

Drawbacks of a house

If you are a busy on-the-go type of person, a house is very time-consuming to maintain. You’ll have your own yard, but along with this luxury is the work involved to keep it up.

A Ottawa house is also more expensive to maintain. Things break down and wear out over time and will need to be replaced. A roof, for instance, will need to be replaced or repaired down the road and this can be a major expense. If you live in a condo, however, your maintenance expenses will be minimal.

Hopefully you can see both of your options a little clearer now. While both of these Ottawa real estate choices are great, one will end up working better for you, depending what stage you are at in your life.

NOTE: The owners of this website own but are not the authors of the above content. Views and values that are expressed in these articles are not those of the website owners.

A real estate agent is a business consultant as well as a coach. It is his job to let you know what is available in the market that meets all or most of your requirements at a price you can afford. It is also his job to let you know if anything new comes on the market that meets your criteria. Your job is to be available and be ready to act quickly if the agent tells you that there is a new hot Ottawa property listed. You may not have much time to act.

If your agent advises you of a hot Ottawa property, take his words seriously. He has been in this game long enough to know when a property has the potential to sell very quickly or not. You may not get a second chance to view or put an offer in on the condo before it is sold.

When you’re looking for a condo you’re going to have to keep your time a little bit flexible. These types of calls are not going to happen too often from your agent, but when they do, be ready to act fast if at all possible. There is a hot Ottawa condo out there and it may just be the one you really want if you get to it in time.

As a real estate coach, your agent will let you know if time is crucial. If you see the condo and then decide that you would like to sleep on it and put off making a decision, you may lose your chance at getting that condo. Also, the offer will have to be sent out in a straightforward way without a lot of complicated clauses that will put the seller off.Keep things as simple as possible when you’re dealing with a hot Ottawa property that is going to sell fast. Your agent will be able to advise you on the best course of action if you’re seriously interested in the condo but have a few doubts.

Remember, however, that if your agent tells you that you must act quickly, he is not trying to put pressure on you at all and is merely letting you know that there may be consequences if you don’t follow his advice.

NOTE: The owners of this website own but are not the authors of the above content. Views and values that are expressed in these articles are not those of the website owners.

If you want to confirm everything that your real estate agent has told you and hear more about the area, visit a few of the corner stores. The people that are working there usually know the most about that Ottawa neighbourhood community – both its good points and bad.

Owners and workers at a convenience store hear a lot of stories! They are privy to all of the inside information about the area and its occupants. When they’re not listening to stories and are busy serving customers, they overhear all of the neighborhood gossip.

Many corner stores act as a gathering spot for members of the neighborhood as well. People will meet up there by accident and stop to talk to one another and catch up on the news. You can talk to these people about the Ottawa neighbourhood community and what they think of it.

A corner store often builds up a relationship with the community very quickly while establishing a solid reputation. This is a good place to go to get more information about everything the community has to offer.

You’ll have to talk to quite a few people, however, and not just take the word of one person that may be a disgruntled employee that is having a rough day. If you’re serious about purchasing a condo and settling down in a Ottawa community for quite a while, gather up some information about the community first.

In a lot of areas the corner store is the neighborhood hub of the community. Store employees are aware of the community, what it offers and the overall tone. You can find out a lot of information in just a few minutes by talking to the people that have a lot of inside knowledge about the neighborhood.

It’s really quite simple – just stop in for a couple of coffees while you are looking at condos in the Ottawa neighbourhood community and strike up a conversation with some of the employees or customers inside or outside of the store. This also gives you a chance to buy a cup of coffee for the agent that is going out of his way to make sure that you get the perfect condo!

NOTE: The owners of this website own but are not the authors of the above content. Views and values that are expressed in these articles are not those of the website owners.

Credit cards

A lot of people don’t realize that any problems you have with your credit card will influence your ability to get a Ottawa condo mortgage. If you have ever made any late payments on your card they have probably been noted on your credit file. Unless your credit is excellent in other ways, this can affect your chances of getting a mortgage.

There are other things that you need to watch for with a credit card as well. If your credit card is near its limit you’ll have to watch your spending to make sure that you don’t push it over. A credit card that is over its limit can be reported to the credit agency. If you miss a payment entirely one month, this will look extremely bad on your record.

Payment plans

If you have a payment plan, for a cell phone for example, and you skip a few payments because you are short of funds or have simply forgotten, don’t be surprised if this shows up in your credit history. Most cell phone companies will check your credit before offering a payment plan and can report delinquent payments.

Errors on your report

For one reason or another, errors can show up on your credit report. It is always a good idea to take a look through your credit history before applying for a Ottawa condo mortgage to make sure that it is clean. It will just take a minute to run through the report yourself to make sure that there are no mistakes showing up that would appear as a black mark.

Everything that you do with your credit will affect your chances of getting a Ottawa condo mortgage and the rate you will have to pay. If you have a problem paying your credit card bills on time, this shows that you may not be as responsible with credit as the bank would like you to be. While this may seem like a relatively small factor in your viewpoint, it means a lot to the lenders that are looking for people that can handle credit responsibly and with respect.

NOTE: The owners of this website own but are not the authors of the above content. Views and values that are expressed in these articles are not those of the website owners.

Mortgage fraud involves criminal actions that misrepresent or omit vital information on a condo loan application in order to secure a larger loan. It can be done by an individual or by a group of organized criminals in Ottawa.
Trends like economic and social changes can affect the spike of mortgage fraud in Ottawa real estate. Customers are looking for quick approvals on their mortgage applications and banks and other financial institutions are feeling this pressure. Also, banks are constantly competing with one another for mortgage customers as the rates change and more appealing features are being offered.

How mortgage fraud occurs

Sometimes a criminal will arrange to have an imposter pretend to be a spouse or a co-signer on the Ottawa condo loan. In sophisticated crime rings, this imposter may owe money to the ring and is being forced into this compromising situation. The fraudster will be carrying ID belonging to the individual being represented.

Another type of mortgage fraud involves using the identity of a condoowner that has their debt paid of or has secured debt. The criminal will pretend to be the condoowner and use the positive credit history to secure a loan. In this case there has been identity theft that the victim is not usually aware of until it is too late.

Other types of mortgage fraud include:

Misrepresentation of credit, income, assets or a down payment.False appraisals.Skimming of equity.Mortgage fraud is on the rise across the country and the best thing that you can do is keep yourself safe from identity theft. The easiest way to do this is to keep all of your financial information safe by only using credit or debit cards at reputable Internet sites or retail stores and by always covering your PIN. Mortgage fraud affects anyone that is involved in Ottawa real estate. As this type of crime increases, it makes it more difficult and a longer process for hard-working citizens to get the condo loan that they deserve.

NOTE: The owners of this website own but are not the authors of the above content. Views and values that are expressed in these articles are not those of the website owners.