Ottawa, Ontario
As of September 27, 2026, the median asking price in Centretown, Ottawa is $477,400, across 186 active MLS® listings.
Those listings have been on the market an average of 59 days.
73 new listings came to market in Centretown in the last 30 days.
Condos in Centretown are listed at an average of $476,322 across 143 active listings.
Multi-family properties in Centretown are listed at an average of $1,505,058 across 12 active listings.
Detached homes in Centretown are listed at an average of $1,152,389 across 9 active listings.
Duplexes in Centretown are listed at an average of $887,933 across 9 active listings.
Centretown is Ottawa’s dense, walkable inner-city neighbourhood immediately south of Parliament Hill, known for a mix of heritage homes, mid- and high-rise condos, rental apartments, and a strong professional and student renter base. The area has a distinctly urban feel with a diverse demographic profile (government employees, young professionals, newcomers, and downsizers) and day-to-day convenience anchored by Elgin Street, Bank Street, Somerset, and the nearby ByWard Market and downtown office core. Parks and cultural amenities (Confederation Park, Dundonald Park, museums and festivals) support year-round livability, while the housing stock skews toward condos and older purpose-built rentals with some townhouse/century-home pockets.
Transit access is a major draw: frequent bus service through the core and quick connections to O-Train Line 1 stations at Parliament and Lyon, plus strong cycling infrastructure. Schools in and around Centretown include public and Catholic options such as Elgin Street Public School and Glashan Public School (nearby), with multiple private/alternative programs in the broader core. From an investment standpoint, Centretown tends to offer stable occupancy and strong rental demand, but lower gross yields than outer neighbourhoods due to higher land values and condo pricing; recent market trends have leaned toward steadier, mid-single-digit appreciation with condo performance tied to interest rates, new supply, and downtown employment patterns.
Centretown currently has 186 active for-sale listings with a median asking price of $477,400 and an average of 59 days on market so far, suggesting buyers have time to compare options and negotiate rather than needing to move immediately. With 73 new listings added in the past 30 days, fresh supply is coming online, which can create opportunities for buyers and investors to target well-priced units while paying close attention to listings that sit longer and may be more flexible on terms.
AI-written commentary on the active MLS® listing snapshot as of September 27, 2026. Not financial advice.
Walk Score 100 · Transit Score 91 · Bike Score 99
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Stuart Hall, REALTOR® · Licence #LIC-00651009 · Century 21 Bravo
Data from MLS® System. Deemed reliable but not guaranteed accurate by CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
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