Residences on Ottawa — Rental Market Data

Residences on Ottawa features 15 active listings as of August 31, 2026, spanning a price range of $1,300 to $1,595 per month, with an average rent of $1,466 per month and a median rent of $1,500 per month. Active units average 544 square feet at an asking rate of $2.81 per square foot. The inventory is anchored equally by 1-Bedroom and 2-Bedroom layouts at 40 percent share each, leaning toward compact, functional entry-level footprints alongside multi-bedroom configurations.

The dominant active layout at Residences on Ottawa is the 1-Bedroom, accounting for 6 active listings and a 40 percent inventory share with an average rent of $1,367 per month, an average size of 444 square feet, and an asking rate of $3.13 per square foot. The 2-Bedroom tier provides 6 active listings representing a 40 percent share, averaging $1,500 per month across 541 square feet at $2.85 per square foot. Meanwhile, the 2-Bedroom + Den tier supplies 3 active listings for a 20 percent share, averaging $1,595 per month across 750 square feet at $2.13 per square foot.

Residences on Ottawa exhibits a minimum entry rent of $1,300 per month and a peak asking rent of $1,595 per month, establishing a dollar spread of $295 and a percentage spread of 22.7 percent. The median asking rent sits at $1,500 per month. Entry-level availability is anchored by 1-Bedroom suites averaging 459 square feet at $2.83 per square foot, while peak pricing is led by 2-Bedroom + Den suites offering 750 square feet at $2.13 per square foot.

Active den premiums at Residences on Ottawa cannot be reliably quantified as active den square footage deltas and marginal price differences are currently null. Furthermore, active parking premium data cannot be reliably isolated due to an insufficient sample or anomalous outlier, meaning parking stall costs remain inconclusive.

Residences on Ottawa asks an average rent of $1,466 per month at $2.81 per square foot, tracking slightly below the broader submarket asking rent benchmark of $1,737 per month while aligning closely with the submarket asking rate per square foot of $2.82. The lower nominal monthly outlay is driven by more compact suite sizing rather than cheaper unit pricing, with the building'sasking rate per square foot sitting 0.4 percent below the submarket benchmark across its 15 active listings.

Residences on Ottawa achieves an average lease rent of $1,419 per month, comparing competitively against the overall comparable average of $1,698 per month across benchmark properties including 1110 Cannon Street E and 934 Barton Street E. Individual competitor performance includes 1110 Cannon Street E, which reports an average lease rent of $1,800 per month at $2.76 per square foot across an average of 650 square feet with 2 active listings. Meanwhile, 934 Barton Street E reports an average lease rent of $1,595 per month at $3.16 per square foot across an average of 505 square feet with 1 active listing. Additional nearby properties such as 41 Fairview Avenue and 4 Ottawa North maintain active listing counts of zero with unpopulated lease metrics in the current reporting cycle.

Residences on Ottawa establishes its value proposition by offering an average lease rate of $2.77 per square foot across an average suite size of 531 square feet, aligning closely with the submarket average asking rate of $2.82 per square foot. Renters weighing options in this micro-market navigate distinct trade-offs between older, highly compact heritage units and larger, newly built floor plans. For instance, 934 Barton Street E provides smaller footprints averaging 505 square feet at a higher rate of $3.16 per square foot, whereas 1110 Cannon Street E offers larger footprints averaging 650 square feet at $2.76 per square foot. This allows Residences on Ottawa to capture demand from tenants seeking efficient layouts without paying the peak square-foot pricing seen in century-old stock.

Residences on Ottawa delivers a robust lifestyle and amenity profile for its residents, anchored by a shared laundry room, concierge and security, a dog run, and coordinated social activities. When contrasted against nearby properties, the subject building provides structured communal offerings that outpace basic competitor setups like 41 Fairview Avenue, which offers only a shared laundry room, and unamenitized peers such as 1110 Cannon Street E, 934 Barton Street E, and 4 Ottawa North. This amenity package successfully serves urban professionals and residents seeking community-focused conveniences within an established building setting.