Old Ottawa South, Ottawa - September 2026 Real Estate Report

Old Ottawa South Real Estate: What Your Neighbours Are Not Telling You

If you own a home in Old Ottawa South and you have not checked your HonestDoor Price lately, now is the time to look. The market here is sending mixed signals depending on what you own - and the gap between property types is bigger than most people realize.

The Vibe: Houses vs. Condos - Two Very Different Stories

We are seeing a split market right now, and it matters a lot depending on what you own on your street.

Houses in Old Ottawa South

• Average HonestDoor Price: $1,166,396
• Recent price change: down 2.34%
• Predicted market value: $1,194,372
• 3-month moving average: $1,219,003 - and values are trending below it
• Average rental estimate: $4,655 per month
• Rental yield: 4.44%
• Airbnb potential: $231 per night
• Airbnb rank in Ottawa: 12th out of all neighbourhoods
• Neighbourhood growth rank: 87 out of 98 in Ottawa

Straight talk - houses here are taking a breather. Values are sitting below the 3-month moving average of $1,219,003, and a growth rank of 87 out of 98 puts us near the bottom of the Ottawa leaderboard right now. That does not mean the neighbourhood is in trouble. Old Ottawa South is still a million-dollar market. But if you are a house owner watching your equity, the short-term trend is pointing down, not up.

The rental story is a bright spot. A yield of 4.44% is solid for this price range, and that $4,655 monthly rent estimate means the income side of the equation still works for investors. The Airbnb rank of 12th in all of Ottawa is also worth noting - this neighbourhood pulls real short-term rental demand.

Condos in Old Ottawa South

• Average HonestDoor Price: $1,539,884
• Recent price change: down 6.71%
• Predicted market value: $1,650,608
• 3-month moving average: $1,627,508 - and predicted values are now above it
• Average rental estimate: $5,498 per month
• Rental yield: 2.42%
• Airbnb potential: $273 per night
• Airbnb rank in Ottawa: 4th out of all neighbourhoods
• Neighbourhood growth rank: 27 out of 103 in Ottawa

The condo picture is more interesting. Yes, the HonestDoor Price dropped 6.71% recently - that is a number worth paying attention to. But the predicted value of $1,650,608 is now sitting above the 3-month moving average of $1,627,508, which suggests the slide may be stabilizing. The growth rank of 27 out of 103 puts condo owners in the top quarter of Ottawa neighbourhoods. That is a very different leaderboard position than house owners are sitting in right now.

The Airbnb rank of 4th in all of Ottawa is genuinely impressive. If you own a condo here and you are not at least thinking about short-term rental income, that number deserves a second look.

How We Stack Up Against the Neighbours

It helps to know where Old Ottawa South sits on the block compared to nearby areas.

• Glebe - Dows Lake: House prices average $1,477,047 and condo prices average $1,708,749 - the priciest option nearby
• Carleton University: House prices average $1,361,871 - more expensive than us for houses, but condo prices there average $898,500, well below what we see here
• Civic Hospital - Central Park: The most affordable nearby option, with house prices around $960,785 and condo prices around $452,225

Old Ottawa South sits in a comfortable middle ground for houses, and actually leads the pack for condos when you compare predicted values. Our condo predicted value of $1,650,608 edges out even Glebe - Dows Lake at $1,548,666.

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

Here is the thing about your city assessment - it is a snapshot from the past. The City of Ottawa does not update those numbers in real time. Your assessment could be reflecting a market that existed a year or two ago, which means it is almost certainly out of step with what is actually happening on your street today.

The HonestDoor Price is updated continuously using real transaction data and current market signals. Right now, with house values trending below their 3-month average and condo values showing signs of recovery, the gap between your old assessment and your real-world value could be significant - in either direction. Knowing the difference is not just interesting. It is the starting point for every smart decision you make about your property, whether that is refinancing, selling, or just knowing where you stand.

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

If you own a house in Old Ottawa South and you are thinking about listing this summer, the honest answer is: the window is not getting wider right now. Values are below the recent moving average, and the growth rank of 87 out of 98 tells us this segment is not leading the Ottawa market at the moment. That does not mean you should not sell - life happens, and a $1.1 million to $1.2 million price point is still a strong outcome. But pricing it right from day one matters more than ever. Overpricing in a softening segment is the fastest way to sit on the market and lose leverage.

If you own a condo, the timing conversation is more nuanced. The recent 6.71% drop is real, but the predicted value climbing back above the 3-month average is an early sign that the floor may be in. Sitting in the top quarter of Ottawa's growth leaderboard at rank 27 out of 103 gives condo owners a bit more confidence heading into summer. If you are considering selling, the next 60 to 90 days will tell us a lot about whether this stabilization holds.

Either way, the first step is the same - check your HonestDoor Price, compare it to your last assessment, and know your real number before you make any move.

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.