Multi-Unit Residential Market, Year-To-Date, June 1, 2025: There have been 68 sales of Income Properties in Ottawa May 1-31, 2025. 57 sales were smaller buildings, down 13.6% over May 2024 and 11 sales were larger buildings with 5 or more units, vs. 9 last year.
The average price for a smaller income property in Ottawa is now $906,981 down 10.6%, these include Double, Duplex, Triplex and Fourplex buildings.
The average price for a larger multi-unit building is now $2,086,900 up 32.4% over last year. These include buildings with 5 or more apartments in them.
How long are Income Properties taking to Sell?
Smaller Duplex, Triplex and Fourplex properties are taking 62 days to sell in 2025 versus 107 last year. Larger buildings with 5 or more units are taking 138 days to sell, versus 180 days last year. We are reporting cumulative days on market which is more accurate.
How Much did Sellers receive as a % of their list price?
Smaller buildings with 2-4 units achieved 95% of their list price and Larger buildings are selling for 98% of their list price.
Want to keep an eye on the Market?
Each month we update you with all the stats for Multi-Unit Residential Buildings, which include Duplex, Triplex, Fourplex and Larger Apartment Buildings with 5 or more Units in them. Visit this page each month for the newest video and report.
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