Iris, Ottawa - October 2026 Real Estate Report
Iris, Ottawa: What Your Home Is Actually Worth Right Now
If you live in Iris and you're still relying on your city tax assessment to know what your home is worth, you're working with old news. Here's the real picture - straight from the numbers, no fluff.
The Vibe: Houses vs. Condos in Iris
Let's break down what's happening for us in Iris right now, because houses and condos are telling two very different stories.
Houses in Iris
If you've been watching the "For Sale" signs on your street, here's what's actually happening. The average HonestDoor Price for a house in Iris sits at $667,535, down a modest 1.64% from last period. That's not a crash - it's the market taking a breather. The actual average sale price came in at $645,000, with listings averaging $659,900 this month.
- Average HonestDoor Price: $667,535 (down 1.64%)
- Average sale price: $645,000
- Average list price: $659,900
- Price per square foot: $921
- Sale-to-list ratio: 97.74% - buyers are paying slightly below asking
- Average days on market: 14 days
- Predicted market value: $678,644
- Estimated monthly rent: $3,223
- Rental yield: 5.29%
- Airbnb estimate: $158 per night
Homes here are moving in about two weeks, which is actually pretty solid. The days-on-market rank is 6 out of 21 in Ottawa - meaning Iris houses sell faster than most comparable neighbourhoods. That's a quiet advantage we don't talk about enough. On the neighbourhood growth leaderboard, houses rank 51 out of 99 in Ottawa - right in the middle of the pack, which is honest and stable rather than overheated.
Condos in Iris
The condo story is a bit more cautious. The average HonestDoor Price is $289,957, down 4.69% from the previous period. The predicted market value sits at $304,213, but that number is dipping - it's slightly below the 3-month moving average of $308,036. Worth watching if you own one.
- Average HonestDoor Price: $289,957 (down 4.69%)
- Predicted market value: $304,213
- 3-month moving average: $308,036 (predicted value is trending down)
- Estimated monthly rent: $1,633
- Rental yield: 4.20%
- Airbnb estimate: $77 per night
- Recent value change: up 2.27%
Here's the bright spot for condo owners: on the neighbourhood growth leaderboard, Iris condos rank 25 out of 104 in Ottawa. That puts us in the top quarter of the city for condo growth. And our predicted value of $304,213 beats nearby Braemar Park - Bel Air Heights - Copeland Park at $299,153. Small edge, but an edge.
The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Tax Assessment
Your city assessment is a snapshot frozen in time. It doesn't know what sold on your block last month. It doesn't factor in rate changes, buyer demand, or what your neighbour just listed for. The HonestDoor Price is a real-world check - updated regularly using actual market activity. For Iris houses, that means a current read of $667,535 versus whatever static number is sitting on your tax notice. Those two figures can be thousands of dollars apart, and that gap is what buyers and their agents are actually using to negotiate.
If you're a condo owner, this matters even more right now. With the HonestDoor Price down 4.69%, knowing your real number - not last year's assessment - is the difference between pricing smart and leaving money on the table or sitting unsold.
The "So What?" - Thinking About Selling This Summer?
For house sellers, the window is real but it requires sharp pricing. Buyers in Iris are paying about 97.74% of list price - meaning if you list at $659,900, expect offers closer to $645,000. Price it right from day one and you're looking at a two-week sale. Price it with wishful thinking and you'll be doing a price drop by August.
The rental yield on houses is 5.29% - that's strong. Investors are paying attention to Iris. That's a tailwind for sellers, because you're not just selling to families moving in - you're also selling to buyers who see the income potential.
For condo owners thinking about selling this summer, move sooner rather than later. The predicted value is trending down from the 3-month average. You're still above some nearby neighbourhoods, but that gap could narrow. A summer listing with a clean HonestDoor Price as your anchor is a smarter play than waiting to see where fall lands.
Bottom line for Iris: houses are stable and selling at a decent pace, condos have strong growth rank but softening values. Know your number before you make any move. That's what HonestDoor is here for.
iris | ottawa | october 2026This information is all based on our opinions based on the information available to us. Everyone's situation may be different and you should reach out to us for more personalized information.