Condos for Sale in Ottawa
Under $500K
Low-maintenance vertical living with amenity-rich buildings and walkable transit-friendly addresses. Ideal for first-time buyers, investors, and downsizers. Median list price in Ottawa this band: $386K · 24 active · avg 26 days on market.
24 active · median $386K
Sent within 1 business hour with today's 3.95% 5-yr fixed rate.
Condos in Ottawa Under $500K
24 active · median $386K
Median List Price
$386K
Active Listings
24
Avg Days on Market
26 days
YoY Change
-6.7%
6-Month Median Price Trend
Dec
$391K
Jan
$373K
Feb
$377K
Mar
$394K
Apr
$393K
May
$388K
What is the average condo price in Ottawa in 2026?
The benchmark price for a condo in Ottawa in 2026 is approximately $386K based on the latest CREA MLS® HPI release. Within the under $500k band there are currently 24 active listings, moving in an average of 26 days on market. Prices are down 6.7% year-over-year.
Is Ottawa a buyer's or seller's market right now?
Ottawa is currently a balanced market for condos in this band. Inventory is turning over in 26 days with prices down 6.7% year-over-year. Neither side has decisive leverage right now.
Families helped in Ottawa
48+
Licensed Mortgage Brokerage
Pineapple Financial · LIC #12830
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What $386K gets you in Ottawa.
Condos in Ottawa priced under $500k are tracking against a CREA MLS® HPI benchmark of $386K for the ottawa area. Within this band the median list comes in near $386K — down 6.7% year-over-year. Active inventory is moving in roughly 26 days.
Typical Size
500–1,100 sqft
Bedroom Range
1–3 bedrooms
Ownership Style
condo
Sample comparables in this band.
$382K
$380K
$389K
Sample comparables only — request the live MLS report for current availability and pricing.
Where these condos are clustered in Ottawa.
Keep exploring Ottawa.
Other property types
Ottawa Condo FAQ
What is the median price for condos in Ottawa under $500k?
As of 2026-05-01, the median list price for condos in Ottawa priced under $500k sits at approximately $386K based on active MLS inventory.
How many condos are currently for sale in Ottawa in this price range?
There are roughly 24 active condos for sale in Ottawa priced under $500k. Inventory typically refreshes weekly via the local MLS board.
How long do condos stay on the market in Ottawa?
Condos in Ottawa priced under $500k are averaging 26 days on market. That gives buyers time to compare options and negotiate condition removal periods.
Are Ottawa condo prices going up or down?
Year-over-year median condo prices in Ottawa (this band) are down 6.7%. Six-month trend data is available on this page.
What mortgage do I need to buy a condo at this price in Ottawa?
On a $386K purchase with 20% down, you'd carry a mortgage of about $309K. At today's qualifying rate (~5.45%) on a 25-year amortization, that's roughly $1,887 / month before taxes and insurance. Use the IndiBrick affordability calculator to model your specific scenario.
Get the Live List — 24 active, median $386K.
Live MLS inventory + today's rate (3.95% 5-yr fixed) sent by a licensed Ottawa advisor within 1 business hour.
Condos in Ottawa Under $500K
Median $386K · 24 active · 3.95% 5-yr fixed
Get pre-approved for a $309K mortgage.
Based on $386K median list × 20% down. Compare offers from 50+ Canadian lenders. No hard credit check. Pre-approval letter within 1 business hour — same letter sellers see in multi-offers.