Cheap Houses and Condos for Sale in Ottawa

Prices from $64,500 CAD to $199,900 CAD Listings last updated 08/17/2017
120 of 305

Cheap Homes in Ottawa

$194,900 CAD
  • 2 Beds
  • 2 Baths
  • Condo
2 days on Point2 Homes
$74,500 CAD $3.4K
  • 1 Beds
  • 1 Baths
  • Condo
51 days on Point2 Homes
$175,000 CAD $14.9K
  • 2 Beds
  • 1 Baths
  • Condo
64 days on Point2 Homes
$164,999 CAD
  • 3 Beds
  • 2 Baths
  • Single family
Sun, 20 August 11:00:00 AM to 01:00:00 PM
$189,900 CAD
  • 2 Beds
  • 1 Baths
  • Single family
Sat, 19 August 02:00:00 PM to 04:00:00 PM
$189,900 CAD
  • 2 Beds
  • 2 Baths
  • Single family
Sun, 20 August 02:00:00 PM to 04:00:00 PM
$199,900 CAD
  • 2 Beds
  • 2 Baths
  • Single family
Sun, 20 August 02:00:00 PM to 04:00:00 PM
$166,000 CAD
  • 2 Beds
  • 1 Baths
  • Single family
Sun, 20 August 02:00:00 PM to 04:00:00 PM
$189,900 CAD
  • 1 Beds
  • 1 Baths
  • Single family
Sun, 20 August 02:00:00 PM to 04:00:00 PM
$199,900 CAD $5.1K
  • 2 Beds
  • 2 Baths
  • Single family
Sat, 19 August 12:00:00 PM to 02:00:00 PM
$170,000 CAD $5K
  • 3 Beds
  • 2 Baths
  • Single family
Sun, 20 August 02:00:00 PM to 04:00:00 PM
$94,000 CAD
  • 2 Beds
  • 2 Baths
  • Apartment
748 days on Point2 Homes
$164,900 CAD
  • 2 Beds
  • 2 Baths
  • Single family
Sun, 27 August 01:00:00 PM to 04:00:00 PM
$164,900 CAD
  • 2 Beds
  • 2 Baths
  • Single family
Sun, 27 August 01:00:00 PM to 04:00:00 PM
$185,000 CAD
  • 2 Beds
  • 1 Baths
  • 1,170 Sqft
  • Condo
10 days on Point2 Homes
$179,900 CAD
  • 2 Beds
  • 2 Baths
  • Single family
2 days on Point2 Homes
$64,500 CAD
  • 2 Beds
  • 1 Baths
  • Single family
6 days on Point2 Homes
$199,000 CAD
  • 2 Beds
  • 2 Baths
  • Single family
Less than one day on Point2 Homes
$157,500 CAD
  • 2 Beds
  • 2 Baths
  • Single family
9 days on Point2 Homes
 to 
 to 
AC
 to 
AC
 to 

Finding cheap houses for sale in Ottawa, ON

Get instant access to a lot of relevant information about Ottawa, ON real estate, including property descriptions, virtual tours, maps and photos. Point2 Homes gives you far more than a simple list of cheap houses for sale in Ottawa, ON, as the search results pages also have a lot of information on Ottawa, ON, right below the listings. Among the deep filtering functions on Point2 Homes, you can use Ottawa, ON real estate prices, square footage, amenities and many other criteria to help narrow down your search. Price drops are another feature at your disposal, which can be especially useful when you’re looking for cheap houses or cheap condos.

There are 305 cheap houses for sale in Ottawa, ON

Use the map view to find Ottawa, ON cheap homes for sale, based on city features or amenities that you may want close by. You can close in on a specific neighbourhood or area by simply drawing around it with the polygon or radius tools. Never miss an opportunity for a cheap home, by saving your searches. This way, you get new listings in your inbox, daily or every week, based on your preferences and your budget. If you’d like to get in touch with a professional, agents are displayed next to their listings, and they’re easy to contact through the online forms or directly by phone – all their contact information is displayed. If you want more options in terms of professional advice, you can click the Tools tab and Find an Agent, and you’ll get a list of helpful and knowledgeable real estate agents in Ottawa, ON. Visit the Point2 Homes blog and you can find up to date expert advice on many markets throughout Canada, regular market reports, neighbourhood scoops in cities throughout the provinces, best deals for cheap homes, and other useful recommendations.

CITY GUIDE
OTTAWA, ONTARIO

Ottawa, Canada’s capital, is a bustling city situated in the province of Ontario. As Canada’s fourth largest city, Ottawa has a population of around 943,000 people, and offers a blend of culture and arts, business and tech, as well as affordability. Ranked as one of the most liveable cities in the world, Ottawa is a desirable choice due to its strong labour market, level of education, and affordable real estate. It enjoys a humid continental climate which entails hot, humid summers, along with cold and snowy winters. The city takes advantage of its climate and allows ice skating along the Rideau Canal in winter, which runs through the middle of the city.

Technology is a key industry in Ottawa, along with federal and government departments. Parliament Hill is one of Ottawa’s biggest tourist attractions, as well as places like Chateau Laurier and Peace Tower. The city is diverse and although primarily English-speaking, is noted to be bilingual, with 37% of the population speaking both English and French. The city boasts clean air, green initiatives, great educational institutes, and a number of fun festivals and events that run throughout the year.

The city has a range of neighbourhoods, as well as urban, suburban, and rural areas that fall within the city limits. The population is diverse, with the most common non-Canadian nationality being British.

Popular areas in Ottawa include: Cumberland, Gloucester Nepean, Kanata Goulbourn, Old City/a>, Osgoode Rideau, West Carleton and Avalon.

Ottawa, Ontario

Ottawa, Ontario
real estate market overview

Real Estate Market Overview

Ottawa’s real estate market is strong, stable, and gradually growing, providing favourable conditions for both buyers and sellers. With the city’s strong labour market and growing technology industry, this is thought to bring more millennial buyers to the city. Detached homes have shown to be the most popular type of property, especially among young families and those looking to downsize. The resale market is particularly strong for sellers, as the difference in price compared to newly-built single-family homes is around 14%. Generally, single-detached resale properties tend to be close to amenities which are desirable for families, such as green spaces and schools. Typically, these types of homes cost between $300,000-$400,000.

The real estate market in Ottawa remains strong and provides an impressive level of affordability, especially compared to major cities such as Toronto. Low mortgage rates are creating homeownership opportunities for first-time buyers and millennials, with condominium units generally selling for much lower prices than average. Condo construction has halted due to a high inventory of condominiums on the market, which may be driven by such affordable renting conditions, but also by the fact that row houses are generally cheaper and more spacious than condos. It’s thought that Ottawa’s real estate market will mirror its economy and stay fairly strong, with a high level of consumer confidence.

real estate market overview

Cheap Real Estate Market Overview

Ottawa is a popular destination for first-time buyers since housing is very cheap and there is an abundance of newly-build condos in the downtown area. The condo market has taken off in recent years which has led to a fairly high inventory of apartment and condominium units. A desirable and central location and nearby green spaces seem to be key selling points for buyers, and even though the market is fairly saturated with condos, appealing units that are entering the market are being snapped up very quickly. Those opting for condos tend to be millennials, young families, and baby boomers looking to downsize.

Many younger millennials are able to fulfil their dream of homeownership – something that isn’t possible in cities like Vancouver and Toronto – especially in areas close to the downtown core. The benchmark price for a condominium property is around $219,000, which is extremely low in comparison to other major cities. Infrastructure projects are helping to power the market, and condos in the city are generally very cheap, yet very well connected in terms of transit and amenities.

Two-story homes, single-family properties, and bungalows are generally priced between $250,000 and $400,000, depending on area. Townhouses are also popular entry points for new homeowners on the market. Mortgage rates are thought to remain fairly stagnant, however interest rates may begin to rise within the year.

cheap real estate market overview

Read more about living in Ottawa, Ontario.