Centretown real estate market report

Real Estate Stats & Sold House Prices in Centretown

Statistics for the last 90 Days ending April 28, 2024 in Centretown

There were 82 homes sold in Centretown in the last 3 months, with an average price of $568,480, that's an increase of 13.8% over the previous year, this includes all house types.

Related Page: Centretown Homes for Sale

Statistics for 2023 in Centretown

There were 222 homes sold in Centretown in 2023, with an average price of $495,913, that's a decrease of 1% over the previous year, this includes all house types.

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

  • Single Family House average price was $801,807
  • Townhouse average price was $672,785
  • Condo average price was $470,497

Centretown historical home prices, with the percent change over the previous year

Year # Sales Average Price % Change
2000 294 $166,501  
2001 280 $191,016 14.7%
2002 283 $231,225 21.1%
2003 265 $265,105 14.6%
2004 275 $277,630 4.7%
2005 273 $281,877 1.5%
2006 312 $301,540 7.0%
2007 345 $318,045 5.5%
2008 288 $346,100 8.8%
2009 306 $360,131 4.0%
2010 314 $385,646 7.1%
2011 314 $392,984 1.9%
2012 299 $393,408 0.01%
2013 293 $396,584 0.08%
2014 303 $393,743 -0.07%
2015 336 $389,465 -0.1%
2016 334 $402,009 3.2%
2017 350 $377,875 -6.4%
2018 359 $393,278 4.5%
2019 538 $431,587 9.7%
2020 468 $473,032 9.6%
2021 558 $498,491 5.4%
2022 401 $501,022 0.5%
2023 222 $495,913 -1%

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About Centretown

Centretown, Ottawa, located north of the Queensway, east of Bronson Avenue, south of Lisgar Street and west of the Rideau Canal, is a trendy and highly desirable location, and home to many condos. Laurier Avenue, in particular, could be considered ‘condo alley’. However and thankfully, there is a mixture of residential homes, from single detached to high-rise developments to suit your needs and growing families.

According to the 2016 Canadian census, 23,823 people live in Centertown which has seen substantial growth thanks to the construction of new condominium buildings. Its central location has meant a more dense population, spurring development and loads of commercial opportunities. With that has come more of a neighbourhood feel and more quality shops and services.

Living here also offers you easy access to nearby neighbourhoods such as The Glebe, Sandy Hill and The ByWard Market. Close to the University of Ottawa, and the ability to enjoy the area by foot, this area gets a great walkability score! 

Residents and students in particular can now enjoy Ottawa’s Light Rail Transit (LRT) system and it’s east-west Confederation line with stops at Rideau (Rideau Centre), Parliament (O’Connor Street), Lyon (Lyon Street), and Pimisi (Booth Street). This is prompting even more condominium and apartment construction as more and more Ottawans go car-free to take advantage of this convenient, fast mode of transport.

Schools in the area include Glashan Public School, Elgin Street Public School, Corpus Cristi Elementary School, and other alternative learning schools.

There are an abundance of places to visit in Centretown, including Dundonald Park, Workers' History Museum, and Saint Patrick Basilica. Close by in the neighbouring Golden Triangle, we find Victoria Memorial Museum, Jack Purcell Park, Canadian Museum of Nature, and Minto Park.

For Foodies, Centretown is the place to enjoy some hip and happening restaurants:

  • Whalesbone Oyster House
  • The Scone Witch
  • The Greek Souvlaki Shack
  • The Manx
  • El Camino
  • Jax
  • Beckta
  • Union Local 613
  • Wilf & Ada's
  • Talay Thai
  • Three Tarts
  • Fauna
  • New Generation Sushi
  • Browns Socialhouse