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New property listed in Pembroke

I have listed a new property at 154 WALTERS ROAD in Pembroke. See details here

This beautiful country home minutes from Pembroke in the Laurentian Valley is situated on 1.06 acres of land. The lovely bungalow features 4 bedrooms, 1 full bath with a partially finished basement, and an insulated attached garage. Recent updates include new paint, vinyl plank flooring, baseboard/trims (2022), triple-pane windows (2018), roof (2018), bathroom (2021), and more. Great potential to reclaim partially undeveloped basement for next owner's use. Sauna room has a rough-in for plumbing and can be recovered into additional bathroom. An air-tight woodstove and a fireplace with wood stove insert provide year round heat source. Propane forced-air heating is also available. A 47' x 24' workshop with an extra garage parking is a perfect place to run your small business or hobby shop. Second level above the workshop can be easily converted into additional space for a studio or playroom. Tons of storage space for everyone. Bell Fibre-optic is available. Book a private viewing today. (id:2493)

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Resale Market’s Adjustment and Correction Continues

Members of the Ottawa Real Estate Board sold 987 residential properties in October through the Board’s Multiple Listing Service® (MLS®) System, compared with 1,670 in October 2021, a decrease of 41%. October’s sales included 758 in the residential-property class, down 40% from a year ago, and 229 in the condominium-property category, a decrease of 44% from October 2021. The five-year average for total unit sales in October is 1,554.


“After the volatility of the past two pandemic years, which was unsustainable, the market is correcting and adjusting,” says Penny Torontow, Ottawa Real Estate Board President. “The slowdown is compounded by Bank of Canada interest rate increases, which further exacerbates buyer hesitancy and weakens people’s purchasing power—especially first-time homebuyers.”


“Demand is still high, and with increasing inventory available, Buyers have more choices and time to shop for their new home. However, the ongoing speculation about where prices and interest rates are headed shakes consumer confidence and has made some prospective Buyers take a wait-and-see approach.”


“Sellers may be understandably concerned about market fluctuations, which have been more drastic lately,” she adds. “As with any major investment, a longer-term perspective is important. The significant year-over-year gains of the last two years were not sustainable. If you have owned your property for any length of time, your equity has increased significantly and will buffer price corrections. If you buy and sell in the same market, it is all relative.”


By the Numbers – Inventory & New Listings:

  • Months of Inventory for the residential-class properties has increased to 3.3 months from 1 month in 2021.
  • Months of Inventory for condominium-class properties has increased to 3 months from 1.2 months in 2021.
  • October’s new listings (2,047) were 4% higher than 2021 (1,960) and down 14% from September 2022 (2,371). The 5-year average for new listings in October is 1,971.


“Buyers and Sellers need to carefully analyze their own unique circumstances. No one can predict with absolute certainty what will happen next year, but in the highly employed and stable Ottawa market, real estate has been and continues to be a good investment over time,” says Torontow. “They don’t have a crystal ball, but mortgage brokers and REALTORS® have the education, expertise—and most importantly, the data—to help people make an informed decision for their specific situation.”


By the Numbers – Average Prices*:

  • The average sale price for a condominium-class property in October was $445,691, an increase of 9% from 2021.
  • The average sale price for a residential-class property was $677,873, decreasing 5% from a year ago.
  • With year-to-date average sale prices at $780,390 for residential units and $456,470 for condominiums, these values represent an 8% increase over 2021 for residential-class properties and a 9% increase for condominium-class properties.


REALTORS® also help with finding rentals and vetting potential tenants. Since the beginning of the year, OREB Members have assisted clients with renting 5,186 properties compared to 4,012 last year at this time.

* OREB cautions that the average sale price can be useful in establishing trends over time but should not be used as an indicator that specific properties have increased or decreased in value. The calculation of the average sale price is based on the total dollar volume of all properties sold. Price will vary from neighbourhood to neighbourhood.

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New property listed in Pembroke

I have listed a new property at 154 Walters Road in Pembroke. See details here

Are you looking for a slower lifestyle but not too far from amenities? Twin Waterfalls Team presents this beautiful country home in the Laurentian Valley. A well maintained bungalow is only minutes to Pembroke. The property offers 1.06 acre of land and it also features 4 bedrooms, 1 full bath with partial finished basement, and an insulated attached garage. Recent updates include new paint, vinyl plank flooring, baseboard and trims (2022), triple-pane windows (2018), roof (2018), bathroom (2021), and more. The partial unfinished basement offers future development for the new owner. Sauna room has a rough-in for plumbing and can be recovered into additional bathroom. An air-tight woodstove and a fireplace with wood stove insert provide year round heat source. Propane forced-air heating is also available. This fabulous 47' x 24' workshop which includes an extra garage parking is a perfect place to run your small business or your hobby shop hangout. Second level above the workshop can be easily converted into additional space for a studio or playroom. Tons of storage space for everyone. Bell Fibre-optic is now available. Book a private viewing today.

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The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are member’s of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.