Financial information for this Central Ottawa Commercial 6-Unit that SOLD in March, 2024

This 6 Unit property is located in Central Ottawa, with one Bachelor unit, two 1-Bedroom units, two 2-Bedroom units and one 3-Bedroom unit.  and . The property was listed for $1,780,000 and sold for $1,616,000.

  • Scheduled Rental Income was $100,444
  • Effective Rental Income was $97,043
  • Operating expenses of $19,102
  • Total Operating Expenses, with 10% for maintenance/management $28,806
  • Net operating income of $68,236
  • Cap Rate was 4.22%
  • Operating Expense Ratio was 29.7%
  • Sold for 17 times the Gross Income
  • Sold for 24 times the Net Income

With an 41% down payment of $662,560, this leaves a mortgage of $953,440. At a 5.2% rate, amortized over 25 years, the monthly mortgage payment would be $5,655, for an Annual Debt Service of $67,860 (this is the annual mortgage payment).

The final cash flow on this building was $376 and the ROI (return on investment) was 0.06%.