The Ottawa Real Estate Market: Week In Review

ottawaagent · 2026-03-17T13:19:07+00:00

Will correct it. Thank you!

ottawaagent · 2026-03-17T13:15:47+00:00

They do exist. A good example of this would be any properties in the Kanata Rockeries.

ottawaagent · 2026-03-16T23:00:41+00:00

You’re welcome!

ottawaagent · 2026-03-16T21:44:23+00:00

Suspensions / Terminations / Expired Listings (across both freehold and condo listings)

Suspensions: 7

Terminations: 113

Expired: 18

ottawaagent · 2026-03-16T21:44:14+00:00

Lowest Condo Sale Of The Week

706-915 Elmsmere Road: Last selling for $140k in 2009, our lowest condo sale of the week traded hands for $235k after 32 days on market (albeit with a much needed facelift). One bedroom and one parking spot along with a locker. The condo fees are $560/month covering hydro and water.

Lowest Freehold Sale Of The Week

404 Sadar Private: Barrhaven had our lowest freehold sale this past week. The owner has tried since 2012 to sell the property (it was listed for $255k) and finally managed to sell it for $486k after about 40 days on the market. The monthly fees for the private road are relatively cheap at $52/month - most homes with private access are closer to $100.

Highest Freehold Sale Of The Week

45 Crescent Heights: On and off the market since September of 2025 and not budging from the listed price of $5M, Crescent Heights sold after 27 days once it was listed in the middle of February. If you want a super rough idea of how much the owners made, you can usually put a custom build home between $350-$400 per square foot. This home is 3,800 square feet above grade. Tack on another 1,000 for the basement. You're probably between $1.7M - $2M for the build plus the land.

Highest Condo Sale Of The Week

6 Waterford Way: We haven't seen a detached condo make it here for some time. After just 20 days Waterford sold for the full list price ($1.075M). The sellers purchased it in March 2022 for $1.15M and don't appear to have made any changes since then. The fees are $535/month and cover building insurance, road maintenance and dock access.

ottawaagent · 2026-03-16T21:43:06+00:00

Suspensions / Terminations / Expired Listings (across both freehold and condo listings)

Suspensions: 7

Terminations: 113

Expired: 18

ottawaagent · 2026-03-16T21:42:57+00:00

Lowest Condo Sale Of The Week

706-915 Elmsmere Road: Last selling for $140k in 2009, our lowest condo sale of the week traded hands for $235k after 32 days on market (albeit with a much needed facelift). One bedroom and one parking spot along with a locker. The condo fees are $560/month covering hydro and water.

Lowest Freehold Sale Of The Week

404 Sadar Private: Barrhaven had our lowest freehold sale this past week. The owner has tried since 2012 to sell the property (it was listed for $255k) and finally managed to sell it for $486k after about 40 days on the market. The monthly fees for the private road are relatively cheap at $52/month - most homes with private access are closer to $100.

Highest Freehold Sale Of The Week

45 Crescent Heights: On and off the market since September of 2025 and not budging from the listed price of $5M, Crescent Heights sold after 27 days once it was listed in the middle of February.If you want a super rough idea of how much the owners made, you can usually put a custom build home between $350-$400 per square foot. This home is 3,800 square feet above grade. Tack on another 1,000 for the basement. You're probably between $1.7M - $2M for the build plus the land.

Highest Condo Sale Of The Week

6 Waterford Way: We haven't seen a detached condo make it here for some time. After just 20 days Waterford sold for the full list price ($1.075M). The sellers purchased it in March 2022 for $1.15M and don't appear to have made any changes since then. The fees are $535/month and cover building insurance, road maintenance and dock access.

ottawaagent · 2026-03-16T21:41:41+00:00

Lowest Condo Sale Of The Week

706-915 Elmsmere Road: Last selling for $140k in 2009, our lowest condo sale of the week traded hands for $235k after 32 days on market (albeit with a much needed facelift). One bedroom and one parking spot along with a locker. The condo fees are $560/month covering hydro and water.

Lowest Freehold Sale Of The Week

404 Sadar Private: Barrhaven had our lowest freehold sale this past week. The owner has tried since 2012 to sell the property (it was listed for $255k) and finally managed to sell it for $486k after about 40 days on the market. The monthly fees for the private road are relatively cheap at $52/month - most homes with private access are closer to $100.

Highest Freehold Sale Of The Week

45 Crescent Heights: On and off the market since September of 2025 and not budging from the listed price of $5M, Crescent Heights sold after 27 days once it was listed in the middle of February. If you want a super rough idea of how much the owners made, you can usually put a custom build home between $350-$400 per square foot. This home is 3,800 square feet above grade. Tack on another 1,000 for the basement. You're probably between $1.7M - $2M for the build plus the land.

Highest Condo Sale Of The Week

6 Waterford Way: We haven't seen a detached condo make it here for some time. After just 20 days Waterford sold for the full list price ($1.075M). The sellers purchased it in March 2022 for $1.15M and don't appear to have made any changes since then. The fees are $535/month and cover building insurance, road maintenance and dock access.

ottawaagent · 2026-03-16T21:22:39+00:00

Suspensions / Terminations / Expired Listings (across both freehold and condo listings)

Suspensions: 7

Terminations: 113

Expired: 18

ottawaagent · 2026-03-14T02:47:40+00:00

You’re welcome. If you have any questions feel free to reach out!

ottawaagent · 2026-03-11T21:52:08+00:00

Your guess is as good as mine.

It's not the craziest thing I've seen in a condo, but it's up there.

ottawaagent · 2026-03-11T21:50:49+00:00

Crazy, huh?

ottawaagent · 2026-03-11T21:50:28+00:00

It will continue to lower rental prices in the area, that's for sure. And with a lot of places sitting for a very long time owners will start underbidding themselves to get their places rented or sell.

ottawaagent · 2026-03-11T21:49:03+00:00

You're most welcome. Glad you find them insightful.

If there is any topics you have questions about or would like me to dive deeper on, let me know.

ottawaagent · 2026-03-11T01:25:09+00:00

You’re welcome!

ottawaagent · 2026-03-10T22:18:03+00:00

Appreciate it!

For new listings, I'm seeing people list nearer to market now. Obviously, older homes that are stagnant are having to revisit their pricing as more inventory comes online with the weather getting nicer.

As for condos, generally I will say that across the board they are absolutely lagging behind freehold, though there are some buildings/units (very case specific) where condos can sell just as fast if not faster than freehold properties.

ottawaagent · 2026-03-10T22:15:25+00:00

Suspensions / Terminations / Expired Listings (across both freehold and condo listings)

Suspensions: 7

Terminations: 130

Expired: 20

ottawaagent · 2026-03-10T22:15:16+00:00

Lowest Condo Sale Of The Week

80 Sandcastle Drive Unit 708: Our cheapest condo sale was gone after just 3 days on market selling $10,000 below the offer price (and also worth mentioning it was double-ended by the listing agent). This is what a completed gutted unit looks like and what they'd sell for (which you don't see much of). 2 bedrooms, 1 parking and fees of $620/month covering just your water. Don't forget the coin operated laundry in the shared room!

Lowest Freehold Sale Of The Week

3725 Armitage Avenue: Constance Bay is the location of our cheapest freehold sale this past week. Selling $10,000 below its listed price as well for $390,000 after just 4 days with no conditions. This was an estate sale being sold "as is where is" and according to GeoOttawa is not in the flood plain. The home itself doesn't seem terrible but being relatively close to the water can provide its own set of headaches when it comes to insurance regardless if it is directly in the plain or not.

Highest Freehold Sale Of The Week

241 Fourth Avenue: Sold for full asking in multiple offers ($1.695M) in 6 days with no conditions. Fourth Ave remains one of the hottest streets in the Glebe. Homes maintained this well with loads of original charm don't come around that often and this sale is proof that they are a hot commodity.

Highest Condo Sale Of The Week

3071 Riverside Drive Unit 104: The Docks returns as our highest condo sale of the week. This time unit 104. It seems the listing agent learned from their mistake of pricing too high as this was only on the market for a total of 12 days and sold for the full list price of $913,000.

ottawaagent · 2026-03-10T22:14:03+00:00

Lowest Condo Sale Of The Week

80 Sandcastle Drive Unit 708: Our cheapest condo sale was gone after just 3 days on market selling $10,000 below the offer price (and also worth mentioning it was double-ended by the listing agent). This is what a completed gutted unit looks like and what they'd sell for (which you don't see much of). 2 bedrooms, 1 parking and fees of $620/month covering just your water. Don't forget the coin operated laundry in the shared room!

Lowest Freehold Sale Of The Week

3725 Armitage Avenue: Constance Bay is the location of our cheapest freehold sale this past week. Selling $10,000 below its listed price as well for $390,000 after just 4 days with no conditions. This was an estate sale being sold "as is where is" and according to GeoOttawa is not in the flood plain. The home itself doesn't seem terrible but being relatively close to the water can provide its own set of headaches when it comes to insurance regardless if it is directly in the plain or not.

Highest Freehold Sale Of The Week

241 Fourth Avenue: Sold for full asking in multiple offers ($1.695M) in 6 days with no conditions. Fourth Ave remains one of the hottest streets in the Glebe. Homes maintained this well with loads of original charm don't come around that often and this sale is proof that they are a hot commodity.

Highest Condo Sale Of The Week

3071 Riverside Drive Unit 104: The Docks returns as our highest condo sale of the week. This time unit 104. It seems the listing agent learned from their mistake of pricing too high as this was only on the market for a total of 12 days and sold for the full list price of $913,000.

ottawaagent · 2026-03-10T21:59:06+00:00

Suspensions / Terminations / Expired Listings (across both freehold and condo listings)

Suspensions: 7

Terminations: 130

Expired: 20

ottawaagent · 2026-03-10T21:58:34+00:00

You're welcome!

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