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Ebute Ikorodu: A Growing Residential and Commercial Hub in Lagos
Ebute, located in Ikorodu, Lagos, is a strategic waterfront community that has witnessed significant development over the years. As one of the key entry points to Ikorodu, Ebute is known for its affordability, business opportunities, and proximity to Lagos Island via water transportation.
Whether you're looking for a house to rent, land for sale, or a commercial space, Ebute Ikorodu offers a mix of residential and investment-friendly properties.
Ebute Ikorodu: Local Government & Location Overview
Ebute is under Ikorodu Local Government Area (LGA), Lagos State. Ikorodu LGA is one of the fastest-growing areas in Lagos, with improvements in infrastructure, transportation, and real estate demand.
Nearby Neighborhoods in Ikorodu:
- Owode
- Ijede
- Ikorodu Town
- Majidun
- Lagos Road
Key Landmarks & Infrastructure in Ebute Ikorodu:
- Ikorodu Ferry Terminal – A major route connecting Ikorodu to Lagos Island via water transport.
- Ebute Market – A central commercial hub for traders and local businesses.
- Ikorodu Garage & BRT Terminal – Offers easy transport access to Lagos Mainland and Island.
Why Live or Invest in Ebute Ikorodu?
Ebute Ikorodu is a great choice for families, young professionals, and real estate investors due to its affordability and growing commercial activity.
1. Affordable Housing & Rental Prices
- Compared to mainland areas like Ikeja, Surulere, and Yaba, Ebute offers cheaper rental prices and land costs.
- Ideal for first-time homebuyers, renters, and real estate investors.
2. Easy Transport Access to Lagos Island & Mainland
- Ikorodu Ferry Terminal provides fast access to CMS, Victoria Island, and Lekki.
- Well-connected via Ikorodu Road & BRT bus services for direct access to Ojota, Ketu, and Oshodi.
3. Thriving Commercial & Business Opportunities
- Home to markets, shopping malls, and growing businesses.
- Strategic waterfront location for businesses looking for access to Lagos Island.
4. Expanding Real Estate Market
- Property values in Ebute Ikorodu are steadily increasing, making it a profitable investment location.
Rental & Property Prices in Ebute Ikorodu
| Property Type |
Rental Price (₦ per year) |
Buying Price (₦) |
| Self-Contain |
₦150,000 - ₦400,000 |
N/A |
| Mini Flat (1-Bedroom) |
₦250,000 - ₦700,000 |
N/A |
| 2-Bedroom Flat |
₦400,000 - ₦1.2M |
₦8M - ₦20M |
| 3-Bedroom Apartment |
₦600,000 - ₦2M |
₦15M - ₦35M |
| Duplex (4-5 Bedroom) |
₦1M - ₦3.5M |
₦30M - ₦80M |
| Land (Per Plot) |
N/A |
₦5M - ₦20M |
Factors Affecting Property Prices:
✔ Proximity to Ikorodu Road & Ferry Terminal
✔ Newly Developed vs. Old Apartments
✔ Availability of Amenities (Water, Power, Security, etc.)
Best Areas to Rent or Buy Property in Ebute Ikorodu
Ebute Ikorodu has various residential and commercial areas suited for different needs and budgets. Here are some of the top locations:
1. Ebute Waterfront & Ferry Terminal Area – Ideal for Business & Investment
- Rental Price: ₦500,000 - ₦2M per year
- Features: Access to ferry transport, waterfront real estate, and commercial centers.
2. Lagos Road & Majidun Axis – Affordable & Well-Connected
- Rental Price: ₦250,000 - ₦1.5M per year
- Features: Close to the BRT Terminal, schools, and markets.
3. Ikorodu Town Area (Near Ebute Market) – Budget-Friendly Housing
- Rental Price: ₦200,000 - ₦1M per year
- Features: Great for families, students, and young professionals.
How to Find a House for Rent or Buy in Ebute Ikorodu
Looking for a house, flat, or land in Ebute Ikorodu? Here’s how to find the best deals:
1. Search Online on Apartments.ng
- Browse through verified listings and compare prices.
