Multi-Family Articles

June 7, 2019

Tax Relief for Multi-Family Properties

Income Properties with Permits issued after April 2017 will see huge reduction in Taxes for 35 years.

tax savings after new rules on multifamilyA new bill has just been passed by the Ontario Government concerning properties with 2 or more units in them, where the permit was issued after April 2017.

These building owners are about ...

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June 4, 2019

Triplex in Ottawa South, Sold May 2019

This month we are looking at the financials from the sale of a smaller Triplex in the South end of Ottawa

The building below sold just last month for slightly over the asking price, and with a 35% down-payment the buyer has a positive cash-flow as well as a decent ...

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April 29, 2019

12 Unit Building Sold April 2019 in West Ottawa

This month we are taking a look at a larger building, this 12 unit sold in April 2019, below are the financials.

This building was a mix of bachelor and 2 bedroom apartments with one unit being commercial with a separate entrance. There were 11 parking spaces.

West Ottawa 12 ...

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April 4, 2019

Westboro 6 Unit Sold March 2019

Here is the financial information from the recent sale of a 6-Unit Income Property that sold last month.

The property below was a legal 6 unit and had a 7th apartment too.

At the end of the day, you can see that with a 35% down-payment this buyer took a ...

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Feb. 26, 2019

The Woe's of a Toronto Investor!

Toronto Investors choosing ottawa

Are you an Investor living in Toronto and can’t make money due to the High Prices for Real Estate in the GTA?

There are alternatives to Investing in Toronto, give Ottawa a look!

We have extremely stable employment due to the federal government being the largest single employer in the ...

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Feb. 3, 2019

Vanier 7 Unit Building V's Sandy Hill 20 Unit Property, Sold in January 2019

Below we compare the sale of a 20 unit building with a 7 unit building from different neighbourhood of Ottawa

Usually we take one recent sale of a property and show you the breakdown of all the financial information to see if it made sense, but this month we are ...

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Jan. 6, 2019

Sandy Hill Fourplex, sold Dec. 2018

Analyzing the financials on a Fourplex in Sandy Hill that sold in December 2018

This building sold for $1,495,000, $54,000 less than the listed price. There were 3 x 3 bedroom apartments and 1 x 4 bedroom apartment. All of the units in this building pay for ...

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Dec. 7, 2018

West Centretown Triplex, sold Nov. 2018

This Triplex sold in November, was in a very good location and it will be owner-occupied.

This building sold pretty quick, and for $19,900 less than the asking price. It was fire retrofit and it had Two 1 bedrooms and One 1 bedroom apartment.

West CentretownTriplex, Sold November 2018 ...

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Nov. 5, 2018

4 Vanier Income Properties, sold Oct. 2018

Usually we profile One multi-Family building that sold, this month we are taking a look at 4 properties, all from Vanier

The table below gives you all of the financial information from a couple of 6-Plex's as well as a 9 unit and a 10 unit Multi-Family building. We ...

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Nov. 1, 2018

Tenant use of Cannabis in Ontario

tenant use of cannabis in their apartment

This article covers a couple of recent changes that will affect owners and purchasers of income properties.

As you are probably aware, the province of Ontario has recently mandated the use of their leases for all landlords and tenants. Failure to provide the lease, if requested by a tenant, will ...

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