Down with the condos, up with the houses! At least this seems to be the message we get by looking at the Ottawa real estate market’s activity in 2013. Despite the decrease in condo demand, overall, home prices have been seeing a steady rise, reaching their highest value in 4 years. In 2013, the median home asking price was $379,000, up by 7% compared to the previous year.
Nevertheless, if you’re planning to move into some of Ottawa’s more upscale locations, prepare to shell out twice or even three times the median price for a house here. In fact, if you’ve been looking for a list with the most expensive neighborhoods in Ottawa, look no further as we found the names and figures for you.
Let’s start with the first two wealthy neighborhoods:
#1 Old Ottawa South
Median home asking price: $974,450
It may seem a bit surprising to some that this neighborhood, and not Rockcliffe Park, for example, tops the list of priciest neighborhoods in Ottawa; and this reaction is not entirely unjustified. Although Ottawa South is known as an upper middle class area boasting many advantages such as its central location and proximity to Carleton University, it does not host the most luxurious properties for sale in the city. The high median asking price is, for the biggest part, the result of a low number of listings, mostly older, renovated houses, and just a few condos for sale.
Most expensive house for sale: 858 Colonel By Drive #1, Ottawa ON K1S5C5
Asking price: $1,650,000
Median home asking price: $919,000
Beautiful lake views, woods, and also the highest concentration of foreign ambassadors? You’ve guessed it, it’s the exclusive Rockcliffe Park. The neighborhood comprises the Old Village and the New Village, both offering a unique atmosphere that blends the tranquility of a small town with the comfort of being close to everything city-wise.
Most expensive house for sale: 55 Willingdon Road, Ottawa ON K1M2J6
Asking price: $3,595,000
Here is the complete list of the most expensive neighborhoods:
If you’re into beautiful homes, Ottawa has some pretty amazing ones. Check out Ottawa’s most expensive houses for sale and let us know if you have a favorite!