Income Property Market Updates, Ottawa
Multi-Unit Residential Market, April 02, 2021: There have been 52 sales of Income Properties in Ottawa in 2021 so far. 48 sales were smaller buildings, up 78% over 2020 and 4 sales were larger buildings with 5 or more units, down by 56%.
- The average price for a smaller income property is now $1,115,640, up by 27%
- Average for a larger building was $1,509,375 up by 3% over last year
How long are Income Properties taking to sell?
Smaller Duplex, Triplex and Fourplex properties are taking 50 days to sell in 2021 verus 99 last year. Larger buildings with 5 or more units are taking 58 days to sell, versus 85 days last year
How much did sellers' get as a % of their list price?
Smaller buildings with 2-4 units achieved 102% of their list price and Larger buildings are selling for 98% of their list price.
8 unit building that sold in March
See the financials on this
property in West Centretown
Challenging time for Investing in Ottawa
Pat discusses his work with Investors and
the state of some buildings he's seen
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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
Modern Built (1987) 2 unit Investment property in Fantastic location. Backs on tennis courts of Ottawa U, close to parks, arena, sports fields, Rideau canal, Rideau river...
- 0 Baths
- 1236789 MLS® #
SOLID BRICK TRIPLEX INVESTMENT! Same owner of over 25 years. Located in Overbrooks rapidly changing & developing neighbourhood. R3 50 x 104 ft lot. Lots of parking, & yar...
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Fantastic opportunity to own a duplex in a great neighbourhood. Each unit with their own laundry. 2 bedrooms in each, large dining room and living room. Spacious bedrooms...
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- 1236628 MLS® #
Excellent location in an up-and-coming area. 3 minutes walk to Lablows. Walking distance to restaurants, Bars, Shopping, Riverain park and Rideau River, Rideau Sports Cen...
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- 1237327 MLS® #
Invest or live in this property detached Glebe property, just half a block to the Canal! This legal-non conforming triplex is easy to manage with excellent tenants. Gross...
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- 1231801 MLS® #
Fantastic opportunity to own a great property in Westboro! Amazing all brick triplex, extremely well maintained.. Large 2 car detached garage & plenty of parking. Locate...
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- 1236777 MLS® #
Check out this amazing custom build Wesboro income property in triple-A Location boasting this desirable R4UB zoning allowing various uses including a higher density mult...
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- 1235976 MLS® #
Here is a Real Estate Investment opportunity in Centre Town Ottawa. A Five (5) unit building built as such. Two x1, Two x2 and One x3 bedroom unit. Its electric heat and ...
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- 1237122 MLS® #
Real Estate Investment opportunity in Centre Town. A five unit building built as such Two 1 bed units,Two 2 bed,One 3 bed unit.Heat is electric and tenants pay by sepa...
- 0 Baths
- 1237143 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
