MultiFamily Articles

Jan. 7, 2022

Selling Income Property in 2021, a review

This is a non-statistical movie about the multi-family market and what went on in 2021 from a REALTOR’s perspective.

2022 is seeing a provincially regulated rental increase of 1.2%. In 2021, it was 0%. Inflation is running at 5%, so how is this fair? Where is the profit opportunity ...

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Jan. 5, 2022

Central Fourplex Sold in Dec. 2021

Financial breakdown on the sale of this Centrally located fourplex, sold in December 2021.

This 4 unit building was listed for $1,475,000 and it sold for $1,400,000. It was fire retrofit and had a Cap Rate of 3.8%.

Main Financial Numbers from this sale

  • Scheduled ...
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Dec. 3, 2021

West End 6 Unit building Sold in November

Financial information from the sale of this 6 unit building that sold in November 2021

This property was located in the Carlington neighbourhood in the west end of Ottawa.

This building was fire retrofit and had four 2 bedroom apartments and two one bedroom apartments. This was a purpose built ...

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Nov. 3, 2021

Financials on a Triplex SOLD in Oct. 2021

Have a look at the financials from the sale of this 3 unit building located in the West End of Ottawa

The property we are profiling today was located Between Greenbank and Woodroffe Avenue, with 2 x three bedroom apartments and 1 one bedroom apartment in the basement.  We ...

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July 5, 2021

Brand New Triplex, sold in June 2021

Have a look at the financials on this Triplex and you decide if it was a good buy.

This was a bit different, as it was a brand new build from 2021, it was located in Centretown West and it sold for $72,000 over the list price.

Scheduled rental ...

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April 2, 2021

8 Unit Building Sold in March 2021

Financials from the sale of this 8 Unit multi family property

This property had 8 units, it was a mix of bachelor, 1 and 2 bedroom apartments and one commercial. It was fire retrofit. It was located in West Centre Town.

This property was listed for $1,699,000 and ...

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March 5, 2021

Vanier 6 unit building, sold in February 2021

Financial breakdown on this sale from the Vanier Neighbourhood.

This building was listed for $1,090,000 and it sold for the full asking price. We are not sure if this property was fire retrofitted. It has a Cap Rate of 3.42% and a cash flow of $1260 with ...

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Feb. 4, 2021

New Edinburgh 5 Unit Building, sold in January 2021

Financial information on the sale of this 5 Unit Multi-Family property.

This building sold for $50,000 below the listed price, it was fire retrofit and with a 35% downpayment the buyer has a cash flow of negative $3500 and an ROI of -0.62%. This would suggest that the ...

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Jan. 4, 2021

Financials on the sale of a 4 unit property in The Glebe

Have a look at the breakdown of the numbers on the sale of this 4 unit income property, with 35% downpayment.

This building was fire retrofit and sold for just under the asking price.

To buy this building with 35% down meant this buyer had to drop $483,000 as ...

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Dec. 3, 2020

Financials on the sale of a 7 unit property in Centretown

This was an interesting older building that had multiple offers and hence sold for way over it's list price.

Patrick walchuk shows you all of the financials on this property if you went in with a 35% downpayment.

You decide if this buyer got a good return on their ...

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