Income Property Statistics 2017

Here are all the stats for Multi-Unit Residential Buildings, which includes Duplex, Triplex, Fourplex and Larger Apartment Buildings with 5 or more Units in them.

Income & Investment Property Stats, Jan-April 2017

The average price of a Duplex, Triplex or Fourplex in Ottawa is now $675,148, up 16.9%
The average price for a building with 5 or more units is now $1,022,077, down by 10.5%

How many Buildings sell each year, compared to previous year?

  • There were a total of 49 Smaller Properties sold in 2017 o far, up by 58%
  • There were a total of 13 Larger Buildings sold so far, up by 160% over last year

How long do Income Properties take to sell, what is the list-sell-price?

  • Smaller properties are taking 76 days to sell in 2017, versus 58 days last year
  • Smaller buildings with 2-4 units achieved 97.38% of their list price
  • Larger buildings with 5 or more units sold in 86 days in 2017, versus 80 days in 2016
  • Sellers' of Larger buildings got 94.20% of their listed price

What has sold in 2017, and for how much?

Curious how much certain types of income properties sell for in different neighbourhoods, below are some real-life sales, including the type of property, the selling price as well as how long it took to sell.

Type of Property Neighbourhood Sales Price Days on Market
Triplex Old Ottawa East/Canal $961,000 6
Duplex Carlington $635,000 7
Fourplex Glebe $1,250,000 39
Duplex Up & Down Vanier $662,750 29
Triplex Vanier $389,900 85
Duplex Up & Down Centre Town $430,000 84
Duplex Up & Down Centre Town $555,000 181
Fourplex Vanier/Beechwood $460,000 100
Triplex Vanier $430,000 234
Triplex Lindenlea $735,000 169
Triplex Old Ottawa South $658,000 10
Triplex Glebe $800,000 11
Fourplex Lowertown $771,000 30
Duplex Hintonburg $622,000 16
Duplex West Centretown $535,000 43
Triplex Vanier $322,500 516
Duplex Sandy Hill $458,000 144
Duplex Vanier $297,000 156
7 Unit Building Lowertown $1,265,000 87
 6 Unit Building  West Centretown  $699,000  5
5 Unit Building Mechanicsville $550,000 7
5 Unit Building Sandy Hill $703,000 24
5 Units West Centre Town $2,030,000 132
5 Unit Building Sandy Hill $922,000 160

In the table above, you can see that the most expensive sales are happening in The Glebe, Lindenlea and Old Ottawa East. These are nicer neighbourhoods where you are likely to attract a more Professional person to rent. You might have a lower Cap Rate, but you are more likely to actually collect your rent and get it on time ! View our Inventory of Income Properties.