Land prices in Canal Estate, Lagos
Canal Estate is a gated estate in Okota, Cele, Oshodi/Isolo LGA, Lagos, in the middle-income zone. Residential land is about ₦250,000 per m², so a typical 600 m² plot is about ₦150m. Location approximate (taken from listing addresses).
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| Typical 600 m² plot | ₦150m | residential |
| Land: residential | ₦250,000 | per m² |
| Land: commercial | ₦343,750 | per m² |
| Land: industrial | ₦329,370 | per m² |
| Building: 2-bed flat | ₦128.1m | asking price |
| Building: 3-bed flat | ₦152.4m | asking price |
| Building: 4-bed house | ₦246.8m | asking price |
| Building: 5-bed house | ₦373.5m | asking price |
| Rent: 1-bed / mini flat | ₦1.4m | per year |
| Rent: 2-bed flat | ₦3.2m | per year |
| Rent: 3-bed flat | ₦4.7m | per year |
| Rent: 4-bed house | ₦12.5m | per year |
| Rent: shop or office | ₦30,357 | per m² per year |
Oshodi/Isolo LGA as a whole: ₦224,000 per m² median. Coordinates 6.50950, 3.30910.
Questions people ask
How much is a plot of land in Canal Estate, Lagos?
A typical 600 m² residential plot in Canal Estate, Lagos is about ₦150m (around ₦250,000 per m²) in asking prices as of October 2026. Commercial land is about ₦343,750 per m². Source: Buildocrat Land Value Book, updated weekly.
How much is rent for a 3-bedroom flat in Canal Estate, Lagos?
About ₦4.7m a year for a 3-bedroom flat, ₦3.2m for a 2-bedroom flat and ₦1.4m for a 1-bedroom or mini flat (October 2026).
How much does a 4-bedroom house cost in Canal Estate, Lagos?
Asking prices for a 4-bedroom house in Canal Estate, Lagos are around ₦246.8m; a 3-bedroom flat around ₦152.4m (October 2026).