MultiFamily Articles

Oct. 25, 2022

Sold 5 Unit Building in October 2022

Financial information from the sale of this Legal 5-Unit that SOLD in October, 2022

This 5-Unit property was located in Central Ottawa, with four 1-bedroom units and one 3-bedroom unit. The property was listed for $1,750,000 and sold for $1,600,000.

This building seems to have sold ...

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Oct. 20, 2022

12 Reasons NOT to Invest in Real Estate

Real Estate Investing might not be for everyone!

We want to help you buy and enjoy owning many income properties, but you should decide if it's for you and we put together this video to try and cover the main points of owning investment real estate.

Time Stamps

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Oct. 5, 2022

Has Ontario's Landlord and Tenant Board Collapsed?

Average wait for a Landlord and Tenant Board hearing on disputes grows to 8 months.

landlord and tenants board long wait times

The CBC article in the link below is an important and common lesson you should discuss with investor wannabes. Also extrapolate beyond the article, what are you thinking when you read this?

Are you just ...

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Oct. 3, 2022

Financial Analysis 6 Unit Sold Sept. 2022

Financial information from the sale of this Legal Sixplex that SOLD in September, 2022

This 6-Unit property was located in Near-West Ottawa, with two 1-bedroom units and four 2-bedroom units. The property was listed for $1,499,900 and sold for $1,425,000.

  • Scheduled Rental Income was $82,568 ...
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Sept. 2, 2022

Cash For Keys - Tenant Moving Out

If you have a tenant and you want them to move out, which form should you use?

You should use Ontario Government Form N11.

If you have a tenant, and you want them to move out, or, if they want to move out in the middle of a lease, how ...

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Sept. 2, 2022

Financial Analysis - Triplex Sold in Aug. 2022

Financial information from the sale of this Legal Triplex that SOLD in August, 2022

This 3-Unit property was located in West Ottawa, with one 1-bedroom unit and two 2-bedroom units. The property was listed for $1,050,000 and sold for $1,152,000.

  • Scheduled Rental Income was $45,000 ...
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Aug. 9, 2022

New Ottawa Vacant Unit Tax

What will Landlords in Ottawa think about this new tax?

If you own any multifamily buildings in Ottawa, or if you are looking to buy any type of investment property, you should be aware of this new tax that is coming in 2023.

new tax for vacant apartments

The City of Ottawa Vacant Unit Tax ...

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Aug. 3, 2022

Financials on Fourplex, Sold July 2022

Financial information from the sale of this Legal Fourplex that SOLD in July, 2022

This 4-Unit property with no vacancies was located in Central Ottawa, with three 4-bedroom units and one 2-bedroom unit.The property was listed for $1,599,000 and sold for $1,495,000

  • Scheduled Rental Income ...
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July 5, 2022

7 Unit Building Sold in June 2022, the Financials

Financial information from the sale of this Legal 7-Unit Commercial property that SOLD in June, 2022

This 7-Unit property with no vacancies was located in Central Ottawa, with Six 4-bedroom units and One 3-bedroom unit. The property was listed for $3,100,000 and sold for $3,050,000.

  • Scheduled ...
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May 27, 2022

Triplex Sold in May 2022, financials

Financial information from the sale of this Legal Triplex that SOLD in May, 2022

This legal triplex property with no vacancies was located in West Ottawa, with one 1-bedroom apartment and two 2-bedroom apartments.

The property was listed for $1,150,000 and sold for $1,128,000.

  • Scheduled Rental ...
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