Old Ottawa South real estate market report

Real Estate Stats & Sold House Prices in Old Ottawa South

Statistics for the last 90 Days ending April 28, 2024 in Old Ottawa South

There were 14 homes sold in Old Ottawa South and Rideau Gardens in the last 3 months, with an average price of $1,273,325, that's an increase of 11.3% over the same period last year, this includes all house types.

Related Page: Old Ottawa South Homes for sale

Statistics for 2023 in Old Ottawa South

There were 61 homes sold in Old Ottawa South in 2023, with an average price of $1,098,573, that's a decrease of 1.1% over the previous year, this includes all house types.

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

  • Single Family House average price was $1,163,372
  • Bungalow average price was $595,000
  • Townhouse average price was $1,037,825
  • Condo average price was $1,029,143

Old Ottawa South Historical Home Prices, with Percentage change over Previous Year.

Year # Sales Average Price % Change
2000 127 $232,498  
2001 129 $262,681 13%
2002 148 $309,260 17.7%
2003 145 $318,961 3.1%
2004 137 $359,826 12.8%
2005 125 $372,556 3.5%
2006 170 $423,702 13.7%
2007 140 $442,488 4.4%
2008 137 $460,913 4.2%
2009 128 $490,476 6.4%
2010 119 $548,822 11.9%
2011 122 $593,713 8.2%
2012 108 $606,475 2.1%
2013 118 $631,177 4.1%
2014 99 $646,010 2.4%
2015 127 $604,138 -6.9%
2016 115 $689,345 14.1%
2017 88 $733,577 6.4%
2018 81 $838,122 14.25%
2019 78 $829,765 -1%
2020 67 $949,944 14.4%
2021 76 $1,100,797 15.9%
2022 64 $1,111,250 0.9%
2023 61 $1,098,573 -1.1%

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About Old Ottawa South

Old Ottawa South, or OOS as it’s known to those who live there, located only 4 km from Parliament Hill with Bank Street as the central thread through the community offering an eclectic mix of shops, cafés, pubs, restaurants, as well as full-service grocery stores. All of this within walking distance, with a variety of parking for those traveling in.

The infill development has caused controversy with some residents in this neighbourhood. Developers are demolishing older homes and replacing them with modern homes and small apartments to house students attending Carleton University. Neighbours are concerned about the potential change of character in the community as well as noise and invasion of privacy with the influx of students.

This community is bounded largely by water – to the north by the World Heritage Rideau Canal, to the south-east by the Rideau River and to the west by Carleton University. Homes near the Rideau River can be subject to flooding. While researching your next home, visit the City of Ottawa’s “geoOttawa” interactive map to see which homes and streets are on the flood plain.

The tree-lined streets are home to approximately 6,500 residents. Part of the appeal, especially for the next generation, is a commitment to walkability and environmental sustainability. You’ll find consignment shops with gently-used clothes and antique shops – all in the name of reuse, and the opportunity to use VirtuCars for those who have no intention of owning a car. Walking, biking and skating all form part of the Old Ottawa South experience.

There are also a number of terrific parks that serve nature and outdoor enthusiasts alike:

  • Windsor Park (walk dogs, enjoy birds, play soccer, basketball, tennis or cool off in the wading pool; launch your kayak or canoe).
  • Brighton Beach Park (similar river views with fewer people).
  • Brewer Park (sports fields, splash pad, adventure playground)

Four major OC Transpo bus routes transport residents downtown and to the south while the O-Train takes students north and south at Carleton University. servicing this neighbourhood; taking residents downtown or south of the city. The shopping strip along Bank Street in Old Ottawa south is known for its antique stores, pubs, and unique shops.

Just a two-minute walk across the Bank Street bridge will take you to The Glebe and the redeveloped Lansdowne Park, where residents have access to Whole Foods Market, LCBO, big-box stores like Winners, specialty stores like Sporting Life, fabulous restaurants, a 10-screen Cineplex Odeon movie theatre and TD Place; a 24,000-seat stadium that hosts concerts and events, RedBlacks football games, and Ottawa 67s hockey games. Locals can enjoy a year-round Ottawa Farmer’s Market in the iconic Aberdeen Pavilion – a revamped space for markets and events alike.

Crossing the Billings bridge can take you to shopping at the indoor Billings Bridge Shopping Centre, including such brands as Walmart, Loblaws, Rexall, Royal Bank, Natural Food Pantry, Dollarama, LCBO, The Source, Laurier Optical and a host of other shops and eats.

Notable Restaurants

  • Barley Mow – within walking distance to the canal, great for before or after a RedBlack’s game
  • Black Squirrel Books and Café – turn bar at night
  • Stella Luna Gelato Café – awarded best gelato in Canada in 2016 (Gelato World Tour)
  • Kettleman’s – Bakery and sandwich shop with arguably the best bagels in town!
  • Flying Piggy’s
  • The Belmont – trendy, offering small plates and cocktails. Sundays feature brunch.
  • Life of Pie
  • Trillium Bakery
  • Oat Couture Oatmeal Café – bowls of local steel-cut oats. Later in the afternoon, the space morphs into Montgomery Scotch Lounge – a single-malt whisky bar!
  • Patty’s Pub
  • The Senate Tavern
  • The Cameron (inside the Ottawa Tennis & Bowling Club) with views of the Rideau River
  • Ten Fish – fresh sushi
  • Pomelo Hat – steamed dumplings and bubble tea
  • Table Sodam – Korean
  • La Fromentine – grilled meats
  • Thai Kitchen
  • Siam Kitchen – Ottawa’s first Thai restaurant
  • Eggroll Express
  • House of TARG – like no other, features live music, pinball and arcade games, handmade perogies and a bar

Cool Shops / Activities

  • Framed – for yogis and photographers alike
  • Cycle shops – The Garden of Light, Tall Tree Cycles, The Cyclery, Giant Ottawa
  • Vertigo Records – classic vinyl LPs and new turntables
  • C.A. Paradis / The Chef’s Paradise – for pro and amateur chefs, you can equip your restaurant or give your home high-end items from brands like Le Creuset, Wusthof, De’Longhi and KitchenAid.
  • Mayfair Theatre – built in 1932 with a Spanish hacienda-like interior and one of Canada’s oldest independent cinemas, it features indie, classic, family and foreign films.
  • Legal graffiti wall – colourful murals that change regularly (under the Dunbar Bridge)