Old Ottawa South, Ottawa - July 2026 Real Estate Report

Old Ottawa South Real Estate Update: Houses Are Taking a Breather, But Condos Are on a Tear

The Vibe Right Now

If you've been watching the "For Sale" signs on Sunnyside or Bank Street lately, here's what's actually happening. Old Ottawa South is telling two very different stories depending on what you own - and the gap between them is worth paying attention to.

Houses: Steady, But Cooling Off

Let's be straight with you. House values in Old Ottawa South are taking a breather. The average HonestDoor Price for a house sits at $1,221,399, down 1.61% from the previous period. The 3-month moving average is $1,247,433, and the predicted value of $1,241,329 is sitting just below that line. That's the market telling us momentum has slowed.

On the neighbourhood leaderboard, houses here rank 85 out of 102 Ottawa neighbourhoods for growth. That's a bottom-tier ranking, and we shouldn't sugarcoat it. It doesn't mean your home isn't worth serious money - it absolutely is - but it does mean the wind isn't at your back the way it might be in some other pockets of the city right now.

Here's the silver lining for landlords or anyone thinking about renting. The rental estimate comes in at $4,804 to $4,856 per month, with a rental yield of 4.38%. That's a reasonable return on a $1.2M asset. And if short-term rentals are on your radar, Old Ottawa South ranks 8th in all of Ottawa for Airbnb potential, with an estimated $239 per night.

• Average HonestDoor Price (Houses): $1,221,399
• Recent price change: -1.61%
• 3-month moving average: $1,247,433
• Estimated monthly rent: $4,804 - $4,856
• Rental yield: 4.38%
• Airbnb estimate: $239 per night
• Ottawa Airbnb rank: 8th
• Growth rank: 85 out of 102

Condos: A Completely Different Story

Now here's where it gets interesting. Condo owners in Old Ottawa South are sitting on something special right now. The average HonestDoor Price for a condo is $1,621,297, up 0.59% recently - but the bigger number is the 21.43% jump in predicted value, which now sits at $1,611,814 compared to a 3-month moving average of $1,340,549. That is a significant move upward.

On the neighbourhood leaderboard, Old Ottawa South condos rank 7th out of 104 Ottawa neighbourhoods for growth. Top 10 in the city. That's not a small thing. And compared to nearby Glebe - Dows Lake condos at $1,490,496, we're actually outpricing one of Ottawa's most sought-after addresses.

Rental income potential is strong too - estimated at $5,736 per month. The Airbnb rank for condos here is 3rd in all of Ottawa at $285 per night. If you own a condo in Old Ottawa South, you are holding a genuinely high-performing asset right now.

• Average HonestDoor Price (Condos): $1,621,297
• Recent price change: +0.59%
• Predicted value: $1,611,814
• 3-month moving average: $1,340,549
• Estimated monthly rent: $5,736
• Airbnb estimate: $285 per night
• Ottawa Airbnb rank: 3rd
• Growth rank: 7 out of 104

The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Tax Assessment

Here's the thing about your city assessment. It's a snapshot from the past. The City of Ottawa updates assessments on a slow cycle, which means the number on your property tax bill could be months or even years behind what your home is actually worth today.

The HonestDoor Price is a real-world check - updated regularly using current sales data, market trends, and neighbourhood-level signals. For condo owners in Old Ottawa South, that gap between your old assessment and your HonestDoor Price could be substantial right now given that 21.43% predicted value jump. For house owners, it helps you understand where you actually stand in a market that's shifted since your last assessment was calculated.

Don't make a major financial decision - selling, refinancing, or even just negotiating - based on a number that doesn't reflect today's market. Check your HonestDoor Price first.

So What Does This Mean If You're Thinking About Selling This Summer?

The honest answer depends on what you own.

If you own a condo in Old Ottawa South, this summer looks like a real window of opportunity. You're ranked near the top of Ottawa's growth leaderboard, your predicted value is climbing above the 3-month average, and you're outpricing Glebe - Dows Lake. Buyers looking in this part of the city are serious buyers. Pricing it right with a current HonestDoor Price - not a stale assessment - puts you in a strong position.

If you own a house, the picture is more nuanced. Values are still well above $1.2M, and the rental and Airbnb income potential is genuinely strong. But with a growth rank of 85 out of 102 and prices dipping slightly, this isn't a "list it and watch the offers fly in" moment. It's a market where presentation, pricing accuracy, and timing matter more than they did a year ago. Know your real number before you decide anything.

Either way, the worst thing you can do right now is guess. Pull your HonestDoor Price, compare it to what's actually sold nearby, and make the call from there.

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.