Financial information from the sale of this Central Ottawa Triplex that SOLD in September, 2024

This property is located in Central Ottawa, with one 1-bedroom unit, and two 2-bedroom units. The property was listed for $875,000 and sold for $830,000.

  • Scheduled Rental Income was $65,200
  • Effective Rental Income was $63,244
  • Operating expenses of $19,775
  • Total Operating Expenses, with 10% for maintenance/management $26,099
  • Net operating income of $37,145
  • Cap Rate was 4.48%
  • Operating Expense Ratio was 41.3%
  • Sold for 13 times the Gross Income
  • Sold for 22 times the Net Income

With a 34% down payment of $282,200, this leaves a mortgage of $547,800. At an interest rate of 4.7%, amortized over 25 years, the monthly mortgage payment would be $3,093, for an Annual Debt Service of $37,116 (this is the annual mortgage payment).

The final cash flow on this building was $29 and the ROI (return on investment) was 0.01%.