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

This property is located in Central Ottawa, with two 1-bedroom units and one 2-bedroom unit. The property was listed for $824,900 and sold for $806,000.

  • Scheduled Rental Income was $55,624
  • Effective Rental Income was $53,955
  • Operating expenses of $13,084
  • Total Operating Expenses, with 10% for maintenance/management $18,480
  • Net operating income of $35,476
  • Cap Rate was 4.40%
  • Operating Expense Ratio was 34.2%
  • Sold for 15 times the Gross Income
  • Sold for 23 times the Net Income

With a 39% down payment of $314,340, this leaves a mortgage of $491,660. At a 5.2% rate, amortized over 25 years, the monthly mortgage payment would be $2,916, for an Annual Debt Service of $34,992 (this is the annual mortgage payment).

The final cash flow on this building was $484 and the ROI (return on investment) was 0.15%.