Central Park real estate market report

Real Estate Stats & Sold House Prices in Central Park

Statistics for the last 90 Days ending May 12, 2024 in Central Park

There were 18 homes sold in Central Park in the last 3 months, with an average price of $579,139, that's a decrease of 18.4% over this same period last year, and includes all house types.

Related Page: Central Park homes for sale

Statistics for 2023 in Central Park

The average price of a home in Central Park in 2023 was $633,004, that's an increase of 3% over the previous year, this includes all house types.

What is the average price for a home in Central Park, by type of property in 2023?

  • Single Family House average price was $1,065,574
  • Bungalow average price was $1,036,000
  • Townhouse average price was $603,967
  • Condo average price was $361,786

Central Park historical home prices, with the percent change over the previous year

Year # Sales Average Price % Change
2000 14 $185,414  
2001 25 $200,696 8.2%
2002 49 $228,888 14.0%
2003 58 $224,793 -1.8%
2004 59 $255,452 13.6%
2005 65 $245,012 -4.3%
2006 70 $240,104 -2.0%
2007 82 $270,393 12.6%
2008 88 $290,264 7.3%
2009 73 $303,322 4.5%
2010 89 $340,136 12.1%
2011 84 $361,604 6.3%
2012 80 $365,737 1.1%
2013 76 $377,507 3.2%
2014 72 $378,752 0.3%
2015 81 $387,128 2.2%
2016 74 $379,497 -2.0%
2017 76 $394,858 4%
2018 55 $379,836 -3.8%
2019 48 $419,024 10.3%
2020 69 $482,569 15%
2021 65 $619,786 28.4%
2022 49 $614,369 -0.9%
2023 37 $633,004 3%

Keep an eye on the real estate activity in Central Park, set up a Market Report and as new listings come up, you'll see them right away and see the average price for all homes that are listed.

About Central Park

Central Park was a fairly new, developing neighbourhood in the early 2000s as you can see with only 14 home sales in 2000. This quickly increased up to an average of around 74 annual sales since 2006. In 2021, with 65 homes sales, the average price has tripled since its development to $619,786.

Central Park is located in the West End of Ottawa and has some older homes as well as a newer development that was built around 2000. You can pick up a less expensive, older townhouse, or a large newer single family home over $700,000. Central Park is a bit of an oddity in a good way. It's considered newer construction for that part of Ottawa. It's got the Experimental Farm to it's south and east with a paved bike trail that runs to the west or right downtown to the Château Laurier.

Central Park is a great location for transit and shopping. The Queensway is a few minutes away north via Maitland Avenue. There's an abundance of shopping malls and specialty stores all along Merivale Road and the newer SmartCentres Ottawa Southwest at Baseline Road and Clyde Avenue with its 24 stores, restaurants and services. 

Central Park has a very active Community Association, making every effort to provide social events for its residents as well as opportunities to beautify and maintain the surroundings. Its streets are relatively quiet and no through traffic. They organize Spring and Fall clean-ups as part of the City of Ottawa's "clean up the capital" event, and an annual garage sale to bring the community together.

Central Park's Celebration Park boasts a soccer pitch, play structure, tennis court, pond, ice rink and walking trails.

Public transit is available to take residents to downtown, Ottawa University, Carleton University, Algonquin College, The Canal, Experimental Farm, Westboro, Little Italy, Sir George-Étienne Cartier Parkway to name a few.