Multi-Unit Residential Market, October 1, 2022: There have been 121 sales of Income Properties in Ottawa in September, 2022. 98 sales were smaller buildings, down 23.4% over September 2021 and 23 sales were larger buildings with 5 or more units, up by 27.8%.
The average price for a smaller income property in Ottawa is now $1,042,621 down 1.6%, these include Double, Duplex, Triplex and Fourplex buildings.
The average price for a larger multi-unit building is $2,279,326 down 25.9% over last year. These include buildings with 5 or more apartments in them.
Smaller Duplex, Triplex and Fourplex properties are taking 50 days to sell in 2022 versus 49 last year. Larger buildings with 5 or more units are taking 81 days to sell, versus 74 days last year. We are reporting cumulative days on market which is more accurate.
Smaller buildings with 2-4 units achieved 99% of their list price and Larger buildings are selling for 96% of their list price.
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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