101 Richmond and 111 West | 19.0 m, 24.1 m | 6 fl, 8 fl | Completed

[blackjagger]

Cheers,
Josh

[condo_dreams]

Would these two condos (101 and 111) be built simultaneously, or will it definitely be a case of 101 being entirely completed first before 111 gets under way?

Just curious because I noticed that the crane is up on 101's site, but there doesn't seem to be much, if anything at all, taking place at 111's site (or at least where its sales centre used to be).

[Davis137]

They must be doing something right with the design and construction of these new buildings, as they are all seeming to be approved with more going up pretty fast now...

[Jamaican-Phoenix]

Very nice. Let's hope this gets approved but my gut tells me it will be steeped in delays and challenges.

[waterloowarrior]

How is 101 Richmond looking these days?

[waterloowarrior]

Great update from Johanna Ngoh
http://ottawacondos.blogspot.com/201...ndo-fever.html

101 Richmond
Status: Under Construction
Occupancy: Summer 2011
Total # of units: 100
# of units remaining: 17



111 Richmond
Status: Pre-construction sales
Occupancy: Summer 2012
Total # of units: 162
# of units remaining: 55

[sidman]

I am impressed how fast the 111 west condos have sold. Looks to be a nice building.

[cityguy]

I would imagine there will a crane in place any day now.

[cityguy]

The crane went up over the weekend.

[waterloowarrior]

101 Richmond by West Side Action
http://westsideaction.blogspot.com/2...-westboro.html

[m3i6]

The sales centre at 119, the old Canadian Tire lot, has been relocated to across the street. It's now on the former Billy's Aplliances lot and once again ready for sales.

119 has been cleared and fenced (not boarded).

[sidman]

Hope they start digging at 111 West soon cause I bought there

[Davis137]

The Metropole looks quite tall from that vantage point...

[condo_dreams]

walked by here earlier tonight and was surprised to see how much further 101 has come along now. Good stuff!

I like how Ashcroft has put up that HUUUGE sign for QWest across the street at the convent site, haha.

[nammo]

Has any information been posted for the QWest project? Apparently VIP opening night is tomorrow.

[tizic]

This is an interesting project. I quickly popped in to take a look. this is a multi phase project. I think there are about 5 building going up. some-what similar setup as the other condos on Richmond. Roof top area for bbq+ Game room + theater room+ gym.

I've debated about investing in new condos in downtown/west bro over past few months. From what i've seen at westbro projects almost a good 70% of people investing in these units are investors. I dont know if this is a good thing. The units are a lot more expensive than 2 years ago and rent would just barely cover the mortgage expenses etc.. So i would think most investors are more eager to buy and sell after project completion to make the standard 15-20%.

Does anyone have any insight they can provide to a new investor?

Thanks!

[sidman]

Originally Posted by tizic

This is an interesting project. I quickly popped in to take a look. this is a multi phase project. I think there are about 5 building going up. some-what similar setup as the other condos on Richmond. Roof top area for bbq+ Game room + theater room+ gym.

I've debated about investing in new condos in downtown/west bro over past few months. From what i've seen at westbro projects almost a good 70% of people investing in these units are investors. I dont know if this is a good thing. The units are a lot more expensive than 2 years ago and rent would just barely cover the mortgage expenses etc.. So i would think most investors are more eager to buy and sell after project completion to make the standard 15-20%.

Does anyone have any insight they can provide to a new investor?

Thanks!

Well I bought over at 111 West. Since then compared to last night's launch, price per sq feet has risen upwards to $50 per square foot (I bought early last year).

In my opinion, I believe these condos are overvalued. I bought mine to live in rather than as an investment, however, I don't see myself living there for more than 5 years than i'll just rent it out. In terms of an investment, how much further can they go? Your looking at around 600 square feet with parking for 300k. I still think $465 sq feet is somewhat of a good deal compared to TO, but for Ottawa, I don't see how much more you can squeeze out of this for an investment.

Instead, I would be looking at other areas where the buy in is cheap and where there is more room for value to grow. I looked over at threeOnethree, and well 747 sq feet 1 bedroom with parking for 365k? insane....

[citizen4829]

Originally Posted by tizic

This is an interesting project. I quickly popped in to take a look. this is a multi phase project. I think there are about 5 building going up. some-what similar setup as the other condos on Richmond. Roof top area for bbq+ Game room + theater room+ gym.

I've debated about investing in new condos in downtown/west bro over past few months. From what i've seen at westbro projects almost a good 70% of people investing in these units are investors. I dont know if this is a good thing. The units are a lot more expensive than 2 years ago and rent would just barely cover the mortgage expenses etc.. So i would think most investors are more eager to buy and sell after project completion to make the standard 15-20%.
Does anyone have any insight they can provide to a new investor?
Thanks!

Wondering how many investors sold after project completion and made "the standard 15-20%"?

[harls]

This place is flying now.. I had a picture of the place but my memory card died. They were about 5 floors above ground if I can remember..

[Davis137]

Wow, all of these new buildings are REALLY adding density to that strip of Richmond...