Kanata Lakes-Marchwood Lakeside-Morgan's Grant-Kanata N Business Park, Ottawa - September 2026 Real Estate Report

Kanata Lakes Is Holding Steady - But the Condo Side Needs a Closer Look

The Vibe Right Now

If you live in Kanata Lakes-Marchwood Lakeside-Morgan's Grant, here is the honest read on what is happening to property values in your corner of Ottawa. The house market is showing real strength. The condo side is taking a breather. Knowing which camp you are in matters a lot if you are thinking about making a move this year.

Houses - Still a Seller's Game

The house numbers here are genuinely impressive. The one home that sold this past period went for 107.78% of its list price. That means the buyer paid above asking - not a little above, but meaningfully above. And it sold in 6 days. That is not a slow market. That is a hot one.

• Average HonestDoor Price: $871,831 - up 1.26% from last period
• Average sale price this period: $1,400,000
• Current average list price: $1,299,000
• Price per square foot: $350
• Sold-to-list ratio: 107.78% - buyers paid over asking
• Average days on market: 6
• Days-on-market rank: 2 out of 17 Ottawa neighbourhoods - near the very top for speed
• Price rank: 7 out of 27 Ottawa neighbourhoods - well above average
• Estimated monthly rent: $3,801
• Rental yield: 4.97%

Six days on market and a rank of 2 out of 17 for speed tells us houses here move faster than almost anywhere else in Ottawa. If you are a seller, that is the kind of stat that should get your attention. Buyers are not browsing - they are deciding fast.

The predicted market value for houses sits at $860,980, which is slightly below the 3-month moving average of $868,843. Values are down a modest 0.75% recently. So while the sales data looks strong, the forward-looking numbers suggest we are in a stable, not skyrocketing, environment. Growth ranks 49 out of 98 comparable Ottawa neighbourhoods - right in the middle of the pack, which is honestly a solid place to be.

Condos - Decent Income, But Watch the Trend

The condo picture is a bit more nuanced. Values are still positive year-over-year, but the recent trend is softer. The predicted value of $474,809 is running below the 3-month moving average of $482,800, and the recent change is -3.21%. That is a number worth watching if you own a condo here.

• Average HonestDoor Price: $477,363 - up 0.54% from last period
• Predicted market value: $474,809
• 3-month moving average: $482,800
• Recent value change: -3.21%
• Growth rank: 74 out of 103 Ottawa neighbourhoods - below average
• Estimated monthly rent: $2,409
• Rental yield: 3.88%
• Airbnb rank in Ottawa: 34

A growth rank of 74 out of 103 puts Kanata Lakes condos in the lower half of Ottawa right now. That does not mean panic - a rental yield of 3.88% and $2,409 a month in estimated rent is still a reasonable return. But if you are a condo owner thinking about timing a sale, sooner rather than later is worth considering. The predicted value is still ahead of nearby Katimavik-Hazeldean condos at $394,784, so you have a pricing advantage over some neighbours.

The Secret Sauce - Why Your HonestDoor Price Beats Your Tax Assessment

Here is something most homeowners do not realize. Your city assessment is a snapshot frozen in time - often reflecting market conditions from a year or two ago. A lot can change in 12 months in Ottawa real estate. The HonestDoor Price is updated in real time, pulling from actual sales data and current market signals. It is the number that reflects what your home is worth right now, not what a government office calculated before the market shifted.

For house owners in Kanata Lakes, your HonestDoor Price of $871,831 is the live read on your equity. For condo owners, seeing that predicted value dip below the 3-month average is exactly the kind of early signal a static assessment would never show you. Checking your HonestDoor Price today takes two minutes and gives you information your assessment simply cannot.

The 'So What?' - Thinking About Selling This Summer?

If you own a house here, the conditions are about as good as it gets. Homes are selling in under a week, buyers are paying over asking, and your price rank puts you in the top quarter of Ottawa neighbourhoods. Summer inventory tends to rise, which means more competition from other sellers. Getting your home listed before that wave hits could be the difference between a bidding situation and a waiting game.

If you own a condo, the window is not closed - but the trend line is worth respecting. Values have slipped 3.21% recently and the growth rank of 74 out of 103 suggests this segment is not leading the Ottawa market right now. A summer listing still makes sense given the rental demand in the area, but waiting for a rebound that may not come quickly is a risk.

Either way, the first step is the same - pull your HonestDoor Price, compare it to what you paid, and have an honest conversation about what your next move looks like. The data is there. Use it.

This 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.