Market Report - Riverside South

Where Young Families Are Going...

Riverside South is a neighbourhood gem bordered by River Road and Riverside Road; it is located north of Manotick and south of Hunt Club. A mere 25 minute commute from Ottawa’s downtown core, Riverside South has five parks, open-concept neighbourhoods, walking paths and ravines. A great fit for families, Riverside South has French and English schools belonging to both the Public and Catholic School Boards. Riverside South is a community set for rapid expansion. It has two shopping centers and a new bridge underway that will provide residents with access to the amenities of neighbouring Barrhaven. The Strandherd-Armstrong Bridge is slated for completion in 2013.

Riverside South has town homes, stacked town homes, bungalows and 2-story houses for buyers to choose from. The price of homes in Riverside South tends to range between $300,000 and $800,000. “There are 51 houses presently for sale, ranging from the price of $295,000 to $950,000”, says Verge. The average selling point of property is between $410,000 and $450,000. Resale activity in Riverside South, this month, is currently moderate. For the month of May, 26 residential units and 5 condos were sold, whereas 92 residential units and 11 condos represent the total sales achieved in 2012 thus far. REALTOR® Patricia Verge, a Broker for Royal LePage Team Realty, notes that younger people make up a large percent of the community’s population. There is a trend for the younger population to start with buying town houses. “They tend to move into the neighbourhood and stay”. However, Riverside South’s area called the Villas, featuring semi-detached adult-life style bungalows, appeals to a more mature generation of home owners; many of the Villas’ residents are the parents of the younger generation who also live in Riverside South.

What’s on for Canada Day?

This year’s Canada Day celebration promises to be a big family friendly event and will be held at Claudette Cain Park, from 10 am to 2 pm. Entertainment this year will be provided by local petting zoo, The Barnyard Zoo, who will entertain everyone with 2 pens for large and small animals, complete with information on the animals to educate and thrill all! In addition, there will be numerous rides and games by Tribeck Inflatables for all to enjoy!

A REALTOR™ for 31 years and a grandmother of 3, Patricia Verge is known for her boundless energy. Verge “loves finding the right house for families or selling houses to help families determine future needs.” Patricia Verge is currently on the Board of Directors of the Ontario Real Estate Association representing Eastern Ontario. 613-667-5555 pat@patverge.com