Ottawa Real Estate Blog

Here are all of the financials from the recent sale of a 4 Unit Building in Lowertown in Oct. 2017

Patrick Walchuk walks you through all of the financial information from this recent sale. You decide if this buyer got a good return on his money or not, we think so!

Lowertown 4 Unit Building, Sold Oct. 2017
Listed Price $995,000

Selling Price $995,000
Scheduled Rental Income (SRI) $81,120
Effective Rental Income (ERI) $77,875
Total Operating Expenses (TOE) $24,902
Net Operating Income (NOI) $52,973
Capitalization Rate (CAP) 5.3%
Operating Expense Ratio (OER) 45%
Sales Price X Net Income 32%
35% Downpayment $384,250
Mortgage (@
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Our newest listing is a Triplex at 1179 Shillington Ave., List Price is $949,900

1179 Shillington Avenue, Ottawa is a Triplex for sale

Shillington is located in the Carlington Neighbourhood in Ottawas' West End, and this new listing is a newer and modern Triplex Property

The video below has all of the exterior pictures, including the front, back, side as well as the Hydro Meters and Air Conditioning Units

This 2nd video has some Neighbourhood Information and Financials, followed by Interior Photographs

Are you an Investor who's looking for a new and shiny Triplex, with no deferred Maintenance to worry about for many years to come?, have a look at this property from the Carlington neighbourhood

This Building has One 3 bedroom Apartment with 1300 Square feet of living space, it

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There have been some recent changes to the Ontario Residential Tenancies Act under Bill 124

changes to Ontario Residential Tenancies Act under Bill 124

Included in these changes are:

  • Changes to the “family reason” for Terminating a Lease
  • Expanded rent controls
  • New rules and forms for Evictions and more

It was announced that Rental Controls are now extended to cover all Multi-Family Buildings, Smaller Income Properties and Homes or Condos that are rented out in all of Ontario, no matter what year they were constructed.

New rules mean that rents can only be raised by 1.5% in 2017 and by 1.8% for 2018. If a Tenant leaves of their own accord, the Landlord can then raise the rent by as much as they want for a new Tenant. Check out the Historical Rental Increases in Ontario here

It

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New Rules In Effect Jan. 1st Will Affect Your Buying Power & Your Ability To Refinance Your Home!

leo maiorino gives mortgage rules update

I heard that the new stress test will devalue what someone can afford by 21%. So if one planned to buy a house at $400,000, they may be looking at just $320,000. Apparently it will impact 1 in 6 buyers, which is 17% of the total buying market.

There will be a negative effect on a segment of the market for sure. You need to understand that this is NOT just for mortgages that are CMHC insured, like the last stress test set up in October 2016. This is for basically ALL mortgages of buyers who have a 20% plus down payment.

It is supposed to come into effect January 1st, 2018 but from the articles I'm seeing, it could start asap as it will be at

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567 Mutual St is a Single Family home for sale in the Castle Heights Neighbourhood

567 Mutual St Ottawa ON

Priced at $259,900

567 Mutual St is a Cute smaller house and moderately priced. This is a 2 Storey Single Family Detached House with easy access to St Laurent and all amenities. Video Tour is below

 Some features of this little house:

  • Two bedrooms and 1 bathroom
  • Good sized kitchen
  • Lot Size - 28.31 feet x 108.9 feet
  • Hardwood in Living Room, Kitchen and Dining Room
  • Windows and Kitchen believed to be renovated 2006
  • Central Air Conditioning & Appliances 2007 to 2009
  • Roof done in 2011
  • Painted 2017
  • Walk to St Laurent Shopping Centre and Transit

Map View of 567 Mutual Street, Ottawa ON.

Directions: St Laurent, west on

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See the Cap Rate, Cash-Flow & ROI on this Recent sale of a Multi-Family Building near downtown

This recent sale of a 4 Unit Building will give you a good idea of what to expect if you're looking to buy a smaller income property in the downtown areas of Ottawa. This sale was in the centretown and Golden Triangle Neighbourhood near the Canal.

This Listing sold for over the asking price and we suspect that there were multiple offers, as we've seen in recent months. Good Income Properties are selling within the first few days of hitting the market and some for well over the listed price.

Carlington 4 Unit Building, Sold Sept. 2017
Listed Price $739,900

Selling Price $750,000
Scheduled Rental Income (SRI)
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55 Rosemere is a Turnkey Investment Property

55 Rosemere Avenue for sale

Listed Price is $619,900

Our newest listing is an Income Property at 55 Rosemere Ave. in Old Ottawa East, a Great Neighbourhood, in good condition and fully rented. Watch the video below for Interior and Exterior Photos of all 3 Apartments as well as the Street and Front and Back of the Building

Some of the main features:

  • Fully Rented Triplex
  • One - 2 bedroom unit
  • One - 1 bedroom unit with Den (potential to convert to second bedroom)
  • One - 1 bedroom unit
  • Fire retrofit
  • Parking for 3 cars
  • In-suite or on site laundry (coin-operated)
  • 1 block from newly renovated Main Street
  • Tenants pay electric baseboard heating and Hot Water Tank rental costs
  • (low owner
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Financial breakdown from the recent sale of an 8 Unit Apartment Building in the Carlington Neighbourhood.

This property was a purpose built building in the West End of Ottawa, in the Carlington Neighbourhood and it gave the buyer a 2.7% return on their investment.

Carlington 8 Unit Building, Sold Aug 2017 

Selling Price $1,261,695
Scheduled Rental Income (SRI) $93,000
Effective Rental Income (ERI) $89,280
Total Operating Expenses (TOE) $29,328
Net Operating Income (NOI) $59,952
Capitalization Rate (CAP) 4.7%
Operating Expense Ratio (OER)  33%
Sales Price X Net Income 21
35% Downpayment $441,953
Mortgage (@ 3.25%) $819,742
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kanata lakes and heritage hills real estate stats for 2017

Comprehensive Stats for Kanata Lakes & Heritage Hills

All of our Kanata Neighbourhood pages now show you the history of prices throughout the years, but from time-to-time we get a request from someone who wants more specific or accurate information for a certain type of property in their area.

Last month we got a request from Josie who lives in Kanata Lakes and wanted more information about Townhome prices, especially in 2017 to see how much they have went up in Value. So here is a comprehensive look at all the stats for homes as well as Condos in the Kanata Lakes & Heritage Hills area, month-by-month in 2017 so far.

Residential Freehold Statistics by month, for 2017

Below are the number of sales of just residential freehold houses in

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How do house prices in Ottawa compare to the surrounding 3 suburbs?

I just compiled all the stats and updated the house prices for Ottawa versus Kanata, Orleans and Barrhaven.

Obviously, Ottawa leads the way, and the table below gives you the rest of the numbers to compare all areas.

The prices in the table below are all Year-To-Date numbers.

Location House Average Price Condo Average Price
Ottawa $426,702 $273,926
Kanata $409,591 $221,839
Barrhaven $398,355 $221,640
Orleans $385,546 $223,798

For house prices Kanata comes 2nd to Ottawa, followed by Barrhaven and then Orleans.

But, when we look at Condo Prices, Orleans comes 2nd and Kanata and Barrhaven are pretty

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