Centretown, Ottawa
Neighbourhood Guide — August 2026
Avg Price
$2,149
Median Price
$2,149
Homes Sold
1
New Listings
0
For Sale
52
Avg Days on Market
58
Centretown Price Trends
Housing Breakdown
Active Listings by Type
Average Prices
Centretown vs Ottawa Average
Centretown is 99.6% below the Ottawa average.
| Metric | Centretown | Ottawa |
|---|---|---|
| Average Price | $2,149 | $543,184 |
| Median Price | $2,149 | $553,500 |
| Avg Days on Market | 58 | 39 |
| Homes Sold (Last Month) | 1 | 124 |
About Centretown
Centretown is Ottawa's urban core neighbourhood, bounded roughly by the Queensway (Highway 417) to the south, the Rideau Canal to the east, Wellington Street to the north, and Bronson Avenue to the west. As the densest residential area in the city, Centretown has been the heart of Ottawa's non-parliamentary urban life since the late 19th century. The neighbourhood's street grid follows the original town plan laid out by Colonel By, with key corridors including Bank Street, Elgin Street, and Somerset Street. The area blends heritage row houses and walk-up apartments with newer mid-rise and high-rise developments. Centretown's character is defined by its walkability, its diverse population of young professionals, students, government workers, and long-time residents, and its concentration of restaurants, shops, and cultural venues. Dundonald Park and Minto Park serve as neighbourhood gathering spots, while the Rideau Canal offers year-round recreation. Browse homes for sale in Centretown, read the Ottawa city guide, or compare all neighbourhoods.
Nearby Amenities
Centretown's parks include Dundonald Park on Somerset Street, which hosts community events and a weekly farmers market, and Minto Park at Elgin and Lewis streets. The Rideau Canal, a UNESCO World Heritage Site, serves as a linear park and recreation corridor - used for skating in winter and boating and walking in summer. The neighbourhood offers dense retail along Bank Street, from independent bookstores and record shops to grocery options including a Farm Boy location. The Jack Purcell Community Centre on Elgin Street provides recreation programming, a pool, and gymnasium facilities. The Centretown Community Health Centre on Bank Street offers health services to area residents.
Listings in Centretown
View All →Ottawa Real Estate Articles
View All →How Much House Can You Afford in Ottawa in 2026?
Ottawa mortgage affordability guide for 2026 - stress test rates, income requirements by price range, Ottawa vs Toronto comparison, and strategies to maximize your budget.
Is Ottawa a Good Place to Invest in Real Estate in 2026?
Ottawa real estate investment analysis for 2026 - rental yields, vacancy rates, cap rates, government and university demand, and the best neighbourhoods for investors.
Cost of Living in Ottawa (2026)
Detailed breakdown of Ottawa living costs in 2026 - housing, groceries, transit, utilities, and how the capital compares to Toronto and Montreal.
First-Time Home Buyer Guide to Ottawa (2026)
Everything Ottawa first-time buyers need to know in 2026 - FHSA, HBP, Ontario LTT refund, GST rebates, affordable neighbourhoods, and the government worker advantage.