Financial information from the sale of this Central Ottawa 4-Plex that SOLD in July, 2023

This 4-Unit property is located in Central Ottawa, with 3 1-bedroom units, and 1 2-bedroom unit.The property was listed for $1,380,000 and sold for $1,360,000.

  • Scheduled Rental Income was $81,955
  • Effective Rental Income was $79,496
  • Operating expenses of $17,900
  • Total Operating Expenses, with 10% for maintenance/management $25,850
  • Net operating income of $53,647
  • Cap Rate was 3.94%
  • Operating Expense Ratio was 32.5%
  • Sold for 17 times the Gross Income
  • Sold for 25 times the Net Income

With a 47% down payment of $639,200, this leaves a mortgage of $720,800. At a 5.5% rate, amortized over 25 years, the monthly mortgage payment would be $4,400, for an Annual Debt Service of $52,800 (this is the annual mortgage payment).

The final cash flow on this building was $847 and the ROI (return on investment) was 0.13%.