As the Ottawa real estate market continues to shift, homebuyers are buzzing with excitement. Just last month, the Bank of Canada announced a significant 50-point drop in the key interest rate to 3.75%, marking the third consecutive reduction in borrowing costs. With interest rates on the decline, now is an ideal time to invest in property.

In September, the average price of a single-family home in Ottawa was reported at $729,000, while the broader composite benchmark price for all homes sold stood at $642,800. With this budget in mind, let’s explore what you can snag in some of Ottawa's most desirable neighborhoods!

Barrhaven: A Modern Family Retreat

Price: $715,000 Nestled in the charming Half Moon Bay area, this stunning three-bedroom, three-bathroom residence on Dundonald Drive is designed for modern living. The open-concept layout features a cozy gas fireplace, a chef’s kitchen with ample cabinetry, and an inviting dining area that leads to a private fenced backyard—a perfect sanctuary for family gatherings. The expansive primary bedroom boasts a walk-in closet and a luxurious ensuite, adding to the appeal. An unfinished lower level allows for customization.

Blossom Park: Your Cozy Bungalow Awaits

Price: $699,000 Find solace in this delightful bungalow located on Stedman Street. With a lovely master bedroom complete with double closets and an ensuite, plus two additional generous bedrooms, this home is ideal for families or guests. The open-concept design allows natural light to flood the space, complemented by high ceilings that create an airy atmosphere perfect for both entertaining and relaxation.

Carson Grove: Bright and Chic Living

Price: $729,900 Welcome to this elegant three-bedroom, two-bathroom home on Meadowcroft Crescent. Featuring beautiful hardwood floors and a bright, open layout, this home is all about stylish living. A sun-filled living room with a cathedral ceiling creates a cozy space, while an insulated double-car garage and a newly fenced yard make it a practical choice for families.

Hampton Park: Urban Charm

Price: $724,900 Step into a world of urban elegance in this charming three-bedroom, one-bathroom home located on Geneva Street. Situated on a tranquil family-friendly street, residents enjoy proximity to exceptional schools, trendy shops, and vibrant community attractions. The home retains original period details complemented by gleaming hardwood floors, leading to a bright second floor featuring an updated bathroom and spacious bedrooms.

Kanata: Family-Friendly Haven

Price: $725,000 An exquisite three-bedroom, three-bathroom home awaits you on Cadence Gate. Perfect for families, the layout showcases a stylish living room, an elegant dining area, and a modern kitchen equipped with quality appliances and granite countertops. A large fenced yard with a south-facing patio allows for abundant sunlight, enhancing the charm of this delightful property.

Orleans: A Spacious Family Home

Price: $729,900 This four-bedroom, three-bathroom home on Sweetclover Way boasts established perennial gardens and a cozy front porch that welcomes you home. The spacious foyer opens into a well-equipped kitchen, making it an entertainer’s paradise. With a large, fully fenced yard and a new deck, outdoor gatherings are sure to be a hit!

Riverside South: The Heart of Luxury Living

Price: $719,000 Discover this remarkable three-bedroom, three-bathroom home on Solarium Avenue, encompassing a generous 1,985 sq. ft. of luxury. The heart of the home, the impressively large kitchen, features granite countertops and an expansive island. With hardwood flooring, pot lights, and a cozy finished basement, this home is designed for modern living at its finest.

Woodpark: Endless Possibilities

Price: $719,900 This versatile five-bedroom, two-bathroom home on Midway Avenue is perfect for large families or as an investment property. Positioned on a charming corner lot, the main floor features bright living areas, a cozy kitchen, and large windows that invite natural light. With ample gardening space and a private side yard, this property is both functional and beautiful.

With a variety of options available for around $729,000, Ottawa’s housing market offers something for everyone—from modern family homes to urban retreats. Don’t miss out on these incredible opportunities to invest in your future!