Real Estate

Construction permit values fall 40% in December

article7The value of construction permits the City of Ottawa handed out decreased year-over-year last month despite the approval of several high-value row housing projects, municipal records show.

 

 

 

 

Companies received $80,131,877 worth of permits in December. That’s down 40 per cent from the $133,327,311 that contractors received during the same month a year ago.

The number of permits increased slightly to 388 from 387.

The most valuable standalone projects were a fit-up at the Ottawa Hospital’s general campus and additions to car dealerships on Carling Avenue and Ogilvie Road.

Those went along with several multimillion-dollar rowhouse projects from Minto, Valecraft and Claridge.

The top permits by value were:

The Ottawa Hospital

(501 Smyth Rd.)

Description: Tenant fit-up on the fourth and fifth storey of a five-storey hospital (exam, biopsy, mammography, ultrasound and offices)

Contractor: Unknown

Size: 21,625 square feet

Value: $3,000,000

1811-1825 Riverside Dr.

Description: Construct a 3.5-storey, 16-unit stacked dwelling

Contractor: Minto Communities Inc.

Size: 16 projects, each measuring 22,074 square feet

Value: 16 projects, each valued at $2,375,321

412-434 Leboutillier Ave.

Description: Construct a block of six, 12-unit stacked rowhouses

Contractor: Valecraft Homes Ltd.

Size: 12 projects, each measuring 18,154 square feet

Value: 12 projects, each valued at $1,969,041

Camco Acura

(1501 Carling Ave.)

Description: Construct a one-storey (with mezzanine) addition (Ottawa Mini) to the front of a one-storey industrial building

Contractor: Unknown

Size: 18,026 square feet

Value: $1,430,465

Sterling Ford

(1425 Ogilvie Rd.)

Description: Construct a two-storey addition and interior alterations to a one-storey auto dealership/repair building

Contractor: Laurin Construction (Jim Dark)

Size: 112,399 square feet

Value: $1,292,713

1841-1847 Riverside Dr.

Description: Construct an eight-unit stacked dwelling

Contractor: Minto Communities Inc.

Size: Eight projects, each measuring 11,537 square feet

Value: Eight projects, each valued at $1,239,155.84

418-430 Silverstone Way

Description: Construct a two-storey rowhouse with attached garages

Contractor: Minto Communities Inc.

Size: Seven projects, each measuring 9,840 square feet

Value: Seven projects, each valued at $1,096,962

501-505 Hilson Ave.

Description: Construct a two-storey semi-detached dwelling

Contractor: Unknown

Size: Two projects, each measuring 7,195 square feet

Value: Two projects, each valued at $1,069,475

100-110 Hawkshaw Cres.

Description: Construct a two-storey rowhouse with attached garages

Contractor: Claridge Homes (Cedarview) Ltd. Partnership

Size: Six projects, each measuring 9,149 square feet

Value: Six projects, each valued at $1,019,927

112-122 Hawkshaw Cres.

Description: Construct a two-storey rowhouse with attached garages

Contractor: Claridge Homes (Cedarview) Ltd. Partnership

Size: Six projects, each measuring 8,864 square feet

Value: Six projects, each valued at $988,155

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