Riverside South real estate market report

Real Estate Stats & Sold House Prices in Riverside South and Gloucester Glen

Statistics for the last 90 Days ending May 14, 2024 in Riverside South, Gloucester Glen and Cedardale

There were 102 homes sold in Riverside South in the last 3 months, with an average price of $796,387, that's an increase of 7.7% over this same period last year, and includes all house types.

Related Page: Riverside South homes for sale

Statistics for 2023 in Riverside South

There were 264 homes sold in Riverside South and Gloucester Glen in 2023, with an average price of $742,894, that's a decrease of 4.3% over the previous year, this includes all house types.

What is the average price for a home in Riverside South & Gloucester Glen, by type of property in 2023?

  • Single Family House average price was $1.004,907
  • Bungalow average price was $889,328
  • Townhouse average price was $648,012
  • Condo average price was $471,405

Riverside South and Gloucester Glen Historical Home Prices, with Percentage change over Previous Year.

Year # Sales Average Price % Change
2000  49 $186,240  
2001  69 $215,245 15.6%
2002  82 $247,165 14.8%
2003  111 $243,695 -1.4%
2004  121 $282,530 15.9%
2005  150 $283,176 0.2%
2006  129 $303,193 7.1%
2007  136 $307,319 0.5%
2008  170 $330,922 7.7%
2009  185 $336,867 1.8%
2010  219 $354,196 5.1%
2011  227 $376,030 6.2%
2012  201 $383,747 2.0%
2013  224 $391,594 2.0%
2014  213 $378,739 -3.4%
2015  205 $388,905 2.7%
2016  227 $405,625 4.3%
2017 310 $413,273 1.9%
2018 305 $429,961 4%
2019 352 $472,143 9%
2020 341 $577,730 22%
2021 422 $723,096 25.2%
2022 352 $776,370 7.4%
2023 264 $742,894 -4.3%

Keep an eye on the real estate activity in Riverside South and Gloucester Glen, 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 Riverside South - a Neighbourhood in South Ottawa

Riverside South is bounded by Leitrim Road to the north and Rideau Road to the south, Bowesville road to the east and the Rideau River to the west. Located in the former City of Gloucester, Riverside South is in the south of the city of Ottawa, southwest of the Ottawa Macdonald-Cartier International Airport and 30 minutes from downtown Ottawa. The Vimy Memorial Bridge, completed in 2014, now connects Riverside South’s Earl Armstrong Road on the East of the Rideau River to Barrhaven’s Strandherd Drive on the West.

This area was primarily farmland in the early 1990s and now with extensive housing developments is growing at an incredible pace, similar to Findlay Creek to the east. According to a December 3, 2021 CBC News article “New home construction in Ottawa hits record high”, newer suburbs outside of the Greenbelt such as Riverside South “are growing especially quickly”. In fact, according to the 2016 Census, the population is 14, 672 and the population density is 485% higher than Ottawa.

At the heart of the community is the Rideauview Community Centre offering a variety of programs, day camps, youth drop-ins, and activities. Residents can enjoy parks and greenspaces, connected by trails and pathways within the Rideau Valley watershed under the jurisdiction of the Rideau Valley Conservation Authority.

There is easy access to major road arteries such as Riverside Drive, Hunt Club Road. And in the near future, Riverside South will become the new home of the Limebank Station on the Trillium Line LRT, which will provide local residents with direct access to Ottawa’s city centre.

Following are some of the services available nearby: ·

  • OC Transpo Transitway Riverview Station
  • Eccolands Park and Boat Launch (334 River Road) – access to Rideau River
  • Riverside South Dynacare Laboratory and Health Services Centre
  • Riverside South Dental Centre · Riverside South Medical Centre
  • Riverside South Animal Hospital
  • Shopper’s Drug Mart
  • Moncion’s Independent Grocer (at Vimy Bridge Earl Armstrong)
  • T&T Supermarket · Costco (nearby)
  • Restaurants (Retaj Mediterranean Cuisine, Zizis Kitchen, Broadway Bar & Grill, Trattoria Vittoria, Moxie’s, Bambu)