Income Property Market Updates, Ottawa
Multi-Unit Residential Market, June 05, 2021: There have been 92 sales of Income Properties in Ottawa in 2021 so far. 80 sales were smaller buildings, up 105% over 2020 and 12 sales were larger buildings with 5 or more units, down by 9%.
After this months multifamily statistics we give you the financial breakdown on the sale of a 5 Unit Building in Lowertown that sold in May 2021. We'll dig into the financials, Cap Rate and ROI for this property.
- The average price for a smaller income property is now $1,074,270 up by 13%
- Average for a larger building was $1,546,125 up 6% over last year
How long are Income Properties taking to sell?
Smaller Duplex, Triplex and Fourplex properties are taking 42 days to sell in 2021 verus 87 last year. Larger buildings with 5 or more units are taking 66 days to sell, versus 92 days last year
How much did sellers' get as a % of their list price?
Smaller buildings with 2-4 units achieved 99% of their list price and Larger buildings are selling for 95% of their list price.
Have a look at the current inventory of all the Multi-Family Properties for Sale, and sign-up up to receive the newest listings as soon as they come on the market.
Want to keep an eye on the Market?
Each month we update you with all the stats for Multi-Unit Residential Buildings, which includes 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.
Featured Multi Family Listings
A great triplex located on a large corner lot (104 x 54), ready for you to invest in your future. Two 1 bedroom apartments & one 2 bedroom apartment. All units are rented...
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- 1247683 MLS® #
Excellent investment opportunity close to Algonquin&Baseline stations and future LRT! Live in the main unit and let the lower level tenants pay your mortgage!Spacious 4 b...
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- 1246715 MLS® #
ATTENTION HOUSEHACKERS AND INVESTORS! Welcome to 142/144 Ste Cecile, in the up and coming area of Vanier! This 3x2 bedrooms has 3 seperate meters, with close access to Be...
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- 1245174 MLS® #
Welcome to 93 Queen Mary Dr in the redeveloping Overbrook community. You cannot beat this great location! This home is located close to the Vanier Parkway, downtown, shop...
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- 1247821 MLS® #
Really offered two detached house on 33 ft X 99 ft lot in Sandy hill. R4 zoning lot provide lots of potentials. Steps to Ottawa University, Nordstrom, LRT station and eve...
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- 1248135 MLS® #
Calling all Investors. income Producing Property. Well appointed side by side double in one of the most sought after neighborhoods in the city. This Property features 3 b...
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- 1247473 MLS® #
Turn-key FOURPLEX, ideally situated on a RARE 60ft X 102ft LOT on the west side of the Parkway, near the Rideau River. Main floor offers a SPACIOUS 2 bedroom apartment f...
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- 1247962 MLS® #
GREAT OPPORTUNITY! This 3x one bedroom unit + bachelor is located in West Centre Town walking distance from restaurants, shopping and transit. Separate entrance for each ...
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- 1247732 MLS® #
Attention all investors!!! Situated on a corner lot, this very bright and freshly renovated purposely built fourplex offers an extra unit consisting of 2 -1bedroom units ...
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- 1247677 MLS® #
Investors, Prospectors, Contractors. Large Homeowners! Potential for Development and/ or Customization. Several incarnations over a century. Take this strong stately buil...
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- 1245921 MLS® #
Rare turnkey investment opportunity for a completely renovated fourplex, two blocks from the hottest street in the market! All units have been gorgeously updated with bea...
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- 1247516 MLS® #
Are you an Investor looking for something truly unique? A rare opportunity to purchase FIVE turnkey attached townhouses in the heart of the city! (There is a possibility ...
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- 1247105 MLS® #
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Investor Reports
- How To Calculate the Value of a Building
- Appraisal for Your Income Property
- Introduction to Investing in Multi-Family Buildings
- Is Ottawa a good City to invest in real estate
- Inspections to Expect when buying a Multi-Unit
- How a Lawyer Helps the Investor when Buying
- Listing Agents to Confirm Legal Apartments
- Multi-Unit Offers and Mistakes to avoid
- Multi-Unit offers and Mistakes (part2)
- Rental Increases Allowed Ontario 1987-Current
- Mortgage Financing to Buy an Income Property
- Seminar for Investors
- What if you buy a building with Illegal Units
- Order a Compliance Report from City
