Multifamily Buildings in Ottawa with 5 and more units are classed as commercial real estate by most of the banks when it comes to financing them.  You might be asked to put a higher downpayment on these larger buildings.

You might also need to have further assessments or inspections done before being able to get financing.

CMHC also might ask you for a higher downpayment before insuring these larger buildings.

Some issues you might encounter are aluminum wiring, asbestos, knob and tube, among other things that can affect the purchase or sale of a larger multifamily building in Ottawa.

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