This was a building in the Hintonburg Neighbourhood that sold in December 2019, have a look at the numbers.

The table below gives you a quick overall look at the numbers. You will see that this buyer, even with a downpayment of $262,000 still loses money every year, and has a negative ROI as well.

Have a look at our current inventory of Multi-Family Properties for sale.

Where will the Real Estate Market in Ottawa head in 2020?

Almost more of 2019. Prices in 2019 went up by 8.4%, unit sales increased by 6.6%. We expect to see 2020 unit sales increase by 4-6%.

Prices won’t escalate as much in 2020.

ReMax is predicting a 6% increase, and Royal Lepage is predicting a 4.5% hike. We’ll go with that! Average house prices will break through the $500,000 mark with the average being predicted for 2010 is $516,200, by Royal Lepage.

We have a minority government supported by centre-left to left wing big spenders, so the financial taps will continue to flow.

Canadas major banks are predicting the TSX to go up to a range of 17,700 to 18,500. (currently at 17,000)

We hope inventory levels increase. (especially for condo inventory)

I don’t see how we can have another year of such scarcity especially with condominiums. There were times in 2019 when there were only 4 to 6 weeks of inventory for sale. It can’t get worse than that.

Going into 2020 we still expect that there will be a lot of competition for certain types of home, especially those between $200,000 up to $400,000 in the areas of Orleans, Kanata and Barrhaven and area close to the new LRT line.

2 bedroom condo in the Byward Market neighbourhood.

Condo fees of $724 include:

Building Insurance, Caretaker, Heat, Hydro, Management Fee, Recreation Facilities, Water and Sewer.

Amenities:

Elevator, Exercise Centre, Recreation Centre

Contact Patrick Walchuk at 613-788-2590 to schedule a showing, or have a look at other condos for sale on George Street in the Byward Market neighbourhood.

See how much this buyer is making on this investment.

Below we give you the financial information on this sale of a 6 unit property. This one had 8 offers and sold for a good bit over the asking price. We see this happening all the time right now.

Great time to sell your income property, condition no option !!

Other: Very busy road, limited revenue upside, deferred maintenance

Invest in the small towns around Ottawa

This month we are going to look at the sale of this 35 unit apartment building in a small town near Ottawa. This will show you the numbers on an income property just outside Ottawa.

The property we looked at this month gave the buyer a positive cash flow on this building with a 35% downpayment. They got a Cap Rate of 4.7% and more importantly, a positive cash flow of $13,748 per year.

If you want to invest in any type of income property, get in touch. Have a look at the current inventory of Multi-Family Property for Sale

Video covering the financial information for this Triplex that sold in September.

Triplex for sale in Sandy Hill, Ottawa. Price: $674,900

Property is now SOLD

85 Goulburn Ave. is a terrific multi purpose triplex in one of the nicest parts of Sandy Hill. Just two blocks from Range Road, the Rideau River and Strathcona Park. Not rented to students.

Building has 3 apartments each with one bedroom. Apt, #1 is vacating October 1st & will be left vacant for an OWNER OCCUPANT. It's a charming 1 bed with access to the basement for personal storage & hookups for washer & dryer.

Or INVESTORS can rent #1 for projected amount of $1,350/mo. 35% down returns a 4% cap rate & positive cash flow & ROI.

Other two units are under rented so potential to increase revenue. Apt #2 $1,091. Apt #3 $860.

Charging for parking @ $100 each per month is another potential revenue source. Minimum 24 hrs notice for showings.

• Taxes are $7047 for 2019
• 2 blocks west of Range Rd, Rideau River & Strathcona Park
• 1.5 blocks south of Laurier
• Rents include parking and utilities
• Parking at back for 3 vehicles
• Stone foundation recently repointed
• Hot water rad heating - Hot water tank is owned
• Right of Way to back yard

Use the Streetview Map below to explore the neighbourhood near 85 Goulburn

View some other income properties for sale

3 bedroom house for sale in Orleans Wood, Orleans

Property is now SOLD.

Come see 1079 Avignon Court in Orleans. Great location with a private backyard.

This bright well-maintained Semi-detached has no rear neighbours and backs on to a walking path.

• Ikea kitchen with plenty of storage and eat-in area
• new Stainless Steel appliances (18)
• Natural Maple hardwood on the main & upper levels of this home (10-11).
• Taxes/Year: $3,266.00/2019

The main floor has a large dining area, new pot lights added to the private great room with a wood-burning fire and large windows to your 2 tiered decks, finishing off the main are the Laundry and powder room.

Upstairs has 3 generous size bedrooms, the Master features a walk-in closet and wall to wall pax wardrobe and a cheater door to the renovated main bath (2010).

The lower level has a finished recreation room with laminate floors, a rough-in future bathroom and plenty of Storage.

The home has great bones too.

• Freshly Painted '19
• Roof-50 yr shingle '06
• Furnace/AC/O wned HWT '13
• Fenex Window 2000
• Close to the future LRT, Convent Glen shops, Place D'O rleans Shopping Centre and the Park N Ride and schools, easy access to the 174.

Appliances Incl: Dishwasher, Dryer, Microwave/Hood Fan, Refrigerator, Stove, Washer.

Have a look at the immediate neighbourhood

Use the Google Streetview below to navigate around the listing at 1079 Avignon.

Comparing 2 Sandy Hill Income Properties that Sold in Aug. 2019

Both of the properties in this months video are from the same neighbourhood and both of them had 4 apartments in them. You can see that some of the numbers are very different.

The first building shows a Cap Rate of 2.6% while the other has a 4% Cap. The cash flow on the first is negative 10,000 per year, while the second property has a positive cash flow of $6000. This is based on both buyers putting down a 35% downpayment.

Have a look at all of the Income Properties currently for sale

920 Longfields Drive in Barrhaven is now SOLD!

MLS # 1161865 will be priced at $549,900 and it's a very well cared for 4 bedroom family house, it is the Richcraft Vista model build in 2010 approximately. Pics getting done later this week.

Plenty of natural light in this 4 bedroom family home. Richcraft Vista model 2,165 sq. ft according to builder plans. Upgraded wood oak staircase.

The main level features maple hardwood floors in living, dining, and family rooms & porcelain tile in the kitchen & baths. Pot lights throughout main floor. Bright kitchen with lots of natural light and upgraded cabinets. Granite on both the counter tops and island.

Walk out to the back yard from the eating area. Keep an eye on the kids from the kitchen overlooking the family room which features a gas fireplace and soaring 20 ceiling. There's a convenient powder room and laundry room on the main floor.

The 2nd floor has 4 generous size bedrooms and full 4 piece bath. The master has a walk-in closet & 4 piece ensuite with separate shower.

The large corner lot provides added privacy as it's not surrounded by neighbours homes + it is fully fenced. Basement with high ceilings.

Roof 2018 by Saunderson. 48 hour irrevocable on offers.

Schools in Immediate neighbourhood:

• Longfields-Davidson Heights Secondary School, 2 min. drive
• Berrigan Elementary School, 2 min. drive
• Monsignor Paul Baxter School, 3 min drive

Use the interactive map below to have a look at the neighbourhood around this new listing.

Location: Corner of Longfield Dr. and Calaveras Ave.

If you want to live in this part of Barrhaven, have a look at all of the other homes for sale in Longfields.

If you want to see this listing, give Patrick Walchuk a call at 613-788-2590 or email Patrick@AgentInOttawa.com