Financial information from the sale of this Triplex that SOLD in January, 2024

This property is located in Central Ottawa, with two 1-bedroom units and one 2-bedroom unit. The property was listed for $1,149,900 and sold for $1,100,000.

  • Scheduled Rental Income was $62,291
  • Effective Rental Income was $60,422
  • Operating expenses of $17,020
  • Total Operating Expenses, with 10% for maintenance/management $23,062
  • Net operating income of $37,360
  • Cap Rate was 3.40%
  • Operating Expense Ratio was 38.2%
  • Sold for 18 times the Gross Income
  • Sold for 29 times the Net Income

With a 53% down payment of $583,000, this leaves a mortgage of $517,000. At a 5.2% rate, amortized over 25 years, the monthly mortgage payment would be $3,056, for an Annual Debt Service of $36,672 (this is the annual mortgage payment).

The final cash flow on this building was $688 and the ROI (return on investment) was 0.12%.