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Income Property Market Updates, Ottawa

Multi-Unit Residential Market, January 6, 2022: There have been 134 sales of Income Properties in Ottawa in December, 2022. 106 sales were smaller buildings, down 36.1% over December 2021 and 28 sales were larger buildings with 5 or more units, up by 16.7%.

The average price for a smaller income property in Ottawa is now $1,038,839 down 0.5%, these include Double, Duplex, Triplex and Fourplex buildings.

The average price for a larger multi-unit building is $2,215,161 down 19.4% 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 53 days to sell in 2022 versus 49 last year. Larger buildings with 5 or more units are taking 82 days to sell, versus 79 days last year. We are reporting cumulative days on market which is more accurate.

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.

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.

Have a look at the current inventory of Multi-Family Properties for Sale and sign-up up to receive the newest listings as soon as they come on the market.

Featured Multi Family Listings

6094 Ottawa Street, Ottawa image
6094 Ottawa Street, Ottawa $599,900

Great value for investors!! Here is your chance to own multi-unit with a huge lot in the heart of Richmond ! All great long term tenants. The building and each unit ha...

  • 0 Baths
  • 1311139 MLS® #
238 Marier Avenue, Ottawa image
238 Marier Avenue, Ottawa $649,900

What is the potential reward for an on-point tenanted fourplex situated in one of Ottawa’s up and coming neighborhoods? Great earning potential for minimal effort. The vi...

  • 0 Baths
  • 1326460 MLS® #
120 Willow Street, Ottawa image
120 Willow Street, Ottawa $759,900 ▼

Spacious, full of character, bright, amazing location, and full of potential describe this fabulous Centre town property! A short Walk to Chinatown, Little Italy, Bluesf...

  • 0 Baths
  • 1321492 MLS® #
68 Pamilla Street, Ottawa image
68 Pamilla Street, Ottawa $780,000

A rare investment opportunity in the heart of Little Italy! Enjoy a short walk to an array of restaurants, coffee shops, bars, groceries, Dow's Lake, parks, shopping, and...

  • 0 Baths
  • 1327901 MLS® #
6957 Bank Street, Ottawa image
6957 Bank Street, Ottawa $789,000

Investors take note! Great 2 unit building plus a huge workshop/garage on a half acre lot on Highway 31! Can be converted to commercial. One side is a 3-bedroom bungalow ...

  • 0 Baths
  • 1325518 MLS® #
262 Kent Street, Ottawa image
262 Kent Street, Ottawa $799,900

LOCATION...LOCATION... Excellent Centertown Investment opportunity for an owner occupant or investor.This duplex features two units that you can either live in one & rent...

  • 0 Baths
  • 1323719 MLS® #
249 Deschamps Avenue, Ottawa image
249 Deschamps Avenue, Ottawa $819,999

WELCOME TO VISION VANIER! Excellent investment oppurtunity with great cash flow! Wonderfully maintained Fourplexe in the heart of Vanier mins away from Downtown Ottawa.Th...

  • 0 Baths
  • 1327515 MLS® #
244 Cambridge Street N, Ottawa image
244 Cambridge Street N, Ottawa $849,000

Rare find in Centretown. A solid purpose built triplex with good sized units. Large bright windows. hardwood floors. Parking for 3 cars. Great rental location close to sc...

  • 0 Baths
  • 1322061 MLS® #
13 Lowrey Street, Ottawa image
13 Lowrey Street, Ottawa $869,900

Attention Builders and Developers!! Existing Duplex With Shovel ready Triplex infill project available in one of Ottawa's most sought after areas. All construction design...

  • 0 Baths
  • 1327878 MLS® #
295 Bell Street S, Ottawa image
295 Bell Street S, Ottawa $890,000

Investment and development opportunity in West Centre Town. This recently renovated legal duplex is located in an up and coming neighborhood of The Glebe Annex. Close to ...

  • 0 Baths
  • 1326691 MLS® #
45 Fifth Avenue, Ottawa image
45 Fifth Avenue, Ottawa $929,900 ▼

Location, Location, Location... it is #1 rule for all real estate investments. Be the lucky one to own this timeless, distinctive solid duplex in the heart of the Glebe. ...

  • 0 Baths
  • 1325512 MLS® #
141 Bruyere Street, Ottawa image
141 Bruyere Street, Ottawa $959,900

Attention investors! Welcome to this excellent condition, fully-rented fourplex - centrally located within steps of the historic Byward Market. This solid red brick struc...

  • 0 Baths
  • 1322534 MLS® #
368 Churchill Avenue N, Ottawa image
368 Churchill Avenue N, Ottawa $979,000

A very UNIQUE property. Two Residential Dwelling Units units are one bedroom each. Located within walking distance to shops, restaurants, and transit. Each unit has a sep...

  • 0 Baths
  • 1312298 MLS® #
2636 Don Street, Ottawa image
2636 Don Street, Ottawa $979,000

Don't miss this great investment opportunity to own a legal duplex with an additional basement unit in the heart of Britannia; near the conservation area, close to Britan...

  • 0 Baths
  • 1326278 MLS® #
516 Lyon Street N, Ottawa image
516 Lyon Street N, Ottawa $990,000 ▼

Long term owners have carefully maintained this income producing property in a very desirable neighbourhood! Set on a deep lot, there is even parking for two cars at the...

  • 0 Baths
  • 1305721 MLS® #
2434 Clover Township, Ottawa image
2434 Clover Township, Ottawa $999,000

CONSIST OF TWO LARGE TWO BEDROOM UNITS ON THE MAIN AND UPPER FLOORS WITH 2 BACHELOR UNITS IN THE LOWER LEVEL.APT1 $1071/MO;APT2 OWNER OCCUPIED ESTIMATED $1800/MO;APT3 $85...

  • 0 Baths
  • 1313630 MLS® #
451-453 Catherine Street, Ottawa image
451-453 Catherine Street, Ottawa $1,050,000

Opportunity knocks! Commercial double with one owner occupied office (approx. 1100 sq ft) that can be rented at $2000-$2500 per month, 3 rooms on the second floor rented ...

  • 0 Baths
  • 1308524 MLS® #
258 Russell Avenue, Ottawa image
258 Russell Avenue, Ottawa $1,099,000

located in Sandy Hill, this 3 unit building is within walking distance to downtown, University of Ottawa and all of the amenities of downtown. Young Professionals and stu...

  • 0 Baths
  • 1325336 MLS® #
1132 Clyde Avenue, Ottawa image
1132 Clyde Avenue, Ottawa $1,099,800

Think creatively w/ 1132 Clyde! Well-kept multi-unit property w/ brick exterior & tons of options for living the lifestyle you desire. Move into the main lvl, rent out th...

  • 0 Baths
  • 1326887 MLS® #
1429 Meadow Drive, Ottawa image
1429 Meadow Drive, Ottawa $1,199,000

Great opportunity to diversify your portfolio with two Residential Units and two Commercial Units! Sitting on 1.1 acres, this property is located just behind a main inter...

  • 0 Baths
  • 1322822 MLS® #
54 St Andrew Street, Ottawa image
54 St Andrew Street, Ottawa $1,200,000

Open House Friday, Dec 9th 1pm-3pm. Purpose built brick triplex in the heart of the Byward Market makes this a worthwhile investment currently occupied by excellent tenan...

  • 0 Baths
  • 1323025 MLS® #
227 Ancaster Avenue, Ottawa image
227 Ancaster Avenue, Ottawa $1,249,000

Talk about location! Purpose-built Duplex with a non-conforming unit on an oversized lot in sought-after Woodpark. Well Maintained building offering two 3-bedroom units a...

  • 0 Baths
  • 1317489 MLS® #
1184 Cummings Avenue, Ottawa image
1184 Cummings Avenue, Ottawa $1,250,000

BUILD BETWEEN 30-40 UNITS WITH REZONE! Solid duplex with fantastic tenants providing passive income. Grossing $38,500/year. BEST of all it sits on a GIGANTIC lot. Get it ...

  • 0 Baths
  • 1315154 MLS® #
81 Frank Street, Ottawa image
81 Frank Street, Ottawa $1,295,000

Fabulous Golden Triangle Location! 2 Blocks from the canal. Large spacious units. 10 foot ceilings. Hardwood floors. Large bright windows This is a prime development si...

  • 0 Baths
  • 1326021 MLS® #
447-449 Catherine Street, Ottawa image
447-449 Catherine Street, Ottawa $1,299,000

Opportunity knocks! Great fourplex + approx. 2,500 sq ft garage + office with potential gross income of $120,000. Building fourplex side is TOTALLY renovated inside out w...

  • 0 Baths
  • 1308534 MLS® #
163 Fifth Avenue, Ottawa image
163 Fifth Avenue, Ottawa $1,350,000

Rich with history and architectural charm, and in the perfect location! Imagine the possibilities at 163 Fifth Avenue. Maximum rental income potential with both units va...

  • 0 Baths
  • 1324831 MLS® #
346 Athlone Avenue, Ottawa image
346 Athlone Avenue, Ottawa $1,350,000

Great opportunity to own a legal triplex while preparing to develop at a later date right in the heart of Westboro! With no rear neighbours and backing onto Lion's Park, ...

  • 0 Baths
  • 1326031 MLS® #
403 Peach Tree Lane, Ottawa image
403 Peach Tree Lane, Ottawa $1,359,995

Investment/development opportunity! This fully rented building consists of two 4-bedroom units, and one 3-bedroom unit all with their own unique character. Rents at $2800...

  • 0 Baths
  • 1321327 MLS® #
590 Lisgar Street, Ottawa image
590 Lisgar Street, Ottawa $1,499,000 ▼

The fabulous location and gorgeous architecture set this building apart, with lots of charm and character. A great addition to your portfolio. This property is made up of...

  • 0 Baths
  • 1313168 MLS® #
114 Daly Avenue, Ottawa image
114 Daly Avenue, Ottawa $1,500,000

$67,244 in CASFLOW/NET INCOME! A+ Investment Opportunity in this fabulous downtown LEGAL 4plex (inspected). 3X spacious 2 bedroom units & 1X 1 bedroom unit in the lower ...

  • 0 Baths
  • 1297865 MLS® #
178 Holmwood Avenue, Ottawa image
178 Holmwood Avenue, Ottawa $1,550,000

Steps to Landsdown Park, the ever-bustling Glebe, the historic Rideau canal, and Brown's inlet, you can not beat this location. And that is just the cherry on top of this...

  • 0 Baths
  • 1326591 MLS® #
506 Cooper Street, Ottawa image
506 Cooper Street, Ottawa $1,650,000

Turnkey investment property! This elegant home offers 4 spacious units with charming traditional details and modern updates. A well-managed, well-maintained building idea...

  • 0 Baths
  • 1322235 MLS® #
156 Dagmar Avenue, Ottawa image
156 Dagmar Avenue, Ottawa $1,679,900 ▼

Situated just a few blocks away from Beechwood Ave, this 6-unit building is a great buy. Maintained and updated regularly over the years - units are all in great shape. M...

  • 0 Baths
  • 1316061 MLS® #
866 Woodroffe Avenue, Ottawa image
866 Woodroffe Avenue, Ottawa $1,699,000

Brand new 4 unit in fantastic location! 2 x 3 bedroom two level units and 2 x 2 bedroom lower level units. All with in unit laundry, modern finishes and separate hydro me...

  • 0 Baths
  • 1326785 MLS® #
317 Lajoie Street, Ottawa image
317 Lajoie Street, Ottawa $1,759,000 ▼

Welcome to 317 Lajoie St! Built in 2019, this 3 -Storey Building is perfect for serious investors. Each Unit has an open concept living space with 2 Large Bedrooms each w...

  • 0 Baths
  • 1312989 MLS® #
668 Claude Street, Ottawa image
668 Claude Street, Ottawa $1,799,000 ▼

Turn Key & just renovated! This Long Semi with SDU’s is unlike anything you’ve seen. Located in a quiet neighborhood this building features 3x 3 bedrooms and 1x 2 bedroom...

  • 0 Baths
  • 1325565 MLS® #
174 James Street, Ottawa image
174 James Street, Ottawa $1,850,000

Investment in Centretown! This solid 6 + 1 unit building is situated on a large 50 x 109 lot. 4 x 2-Bedroom units and 2 x 1-Bedroom units, with an additional basement bac...

  • 0 Baths
  • 1319022 MLS® #
77 Florence Street, Ottawa image
77 Florence Street, Ottawa $1,875,000

Massive 6 unit brick building in Centretown! The building consists of 2 x 1 bed, 2 x 2 beds and 2 x 3 beds with NO basement units. 5 units have balconies. Common area lau...

  • 0 Baths
  • 1318983 MLS® #
135 Carruthers Avenue, Ottawa image
135 Carruthers Avenue, Ottawa $1,950,000 ▼

SPECTACULAR LOFT STYLE Home consisting of two back-to-back dwellings under single ownership and one legal description. MODERN LIVING at it's BEST! Sophisticated Open Conc...

  • 0 Baths
  • 1302374 MLS® #
149 And 151 Longpre Street, Ottawa image
149 And 151 Longpre Street, Ottawa $1,995,000

Attention investors, this is the best deal in the market—fantastic location, a cap rate of 5.5 %. Newly built and fully rented two semidetached homes with legal secondary...

  • 0 Baths
  • 1318171 MLS® #
310 Byron Avenue, Ottawa image
310 Byron Avenue, Ottawa $2,500,000

Very well maintained and upgraded purpose built 6 unit apartment building in an excellent Westboro location. Renovated kitchens and bathrooms, refinished hardwood floors,...

  • 0 Baths
  • 1274540 MLS® #
321 Bloomfield Avenue, Ottawa image
321 Bloomfield Avenue, Ottawa $2,685,000

To be built – Estimated 2023 Completion. Opportunity knocks with this FOUR UNIT, Premier Investment Opportunity, with a projected 5-year ROI of $506,256, located in the h...

  • 0 Baths
  • 1291753 MLS® #
423 Ravenhill Avenue, Ottawa image
423 Ravenhill Avenue, Ottawa $2,685,000

Fully Tenanted Turnkey Investment. This modern Fourplex, with 2 & 3 Bed/2Bath units, designed by award-winning architect Jason Flynn, is sure to impress. Welcomed by slee...

  • 0 Baths
  • 1318782 MLS® #
187-189 Stanley Avenue, Ottawa image
187-189 Stanley Avenue, Ottawa $2,800,000

BRAND NEW, Turnkey investment property in PRIME LOCATION. Some rooms have been virtually staged. Opportunity knocks with this legal FOURPLEX in premium location, backing ...

  • 0 Baths
  • 1326307 MLS® #
2517 Cleroux Crescent, Ottawa image
2517 Cleroux Crescent, Ottawa $2,850,000 ▼

RARE type of investment property and not often offered for sale. Priced at $316k/per unit. This complex includes NINE (9) townhouses (4 END UNITS and 5 middle units). Eac...

  • 0 Baths
  • 1281266 MLS® #
255 Mackay Street, Ottawa image
255 Mackay Street, Ottawa $2,989,900

This lovely property is sitting on a oversize lot, overlooking the Rideau Hall Gardens. Currently consisting of 4 units, all above ground and fully furnished. The unit...

  • 0 Baths
  • 1326092 MLS® #
69-71 Donald Street, Ottawa image
69-71 Donald Street, Ottawa $2,990,000

Modern, beautiful and custom-built building with top quality materials and workmanship by the builder to live in for his own family. This great building offers you over 1...

  • 0 Baths
  • 1307996 MLS® #
316 Somerset Street E, Ottawa image
316 Somerset Street E, Ottawa $2,999,900

4.8% cap rate unit 30% expenses at List Price. Building is now fully leased with Leases in hand at 3400+3400+3350+3200+4200=$17550 = $210,600 GOI! BRAND NEW MULTI UNIT bu...

  • 0 Baths
  • 1326860 MLS® #
316 Somerset Street E, Ottawa image
316 Somerset Street E, Ottawa $2,999,900

4.8% cap rate unit 30% expenses at List Price. Building is now fully leased with Leases in hand at 3400+3400+3350+3200+4200=$17550 = $210,600 GOI! BRAND NEW MULTI UNIT bu...

  • 0 Baths
  • 1326854 MLS® #
84 Rosemount Avenue, Ottawa image
84 Rosemount Avenue, Ottawa $3,199,000

Fully rented turn-key investment opportunity in the central location near the Civic Hospital. 12 spacious, bright, apartments, all with their own entrance. 8 indoor parki...

  • 0 Baths
  • 1326284 MLS® #
348-350 Winona Avenue, Ottawa image
348-350 Winona Avenue, Ottawa $4,450,000

Fully rented turn-key investment opportunity in the heart of Westboro. 8 spacious, bright and modern apartments, all with their own entrance and hydro meter. Five 2 bed ...

  • 0 Baths
  • 1327554 MLS® #
15 Monk Street, Ottawa image
15 Monk Street, Ottawa $4,500,000

PRIME “GLEBE” LOCATION! EXTRAORDINARY RARE OFFERING. BUILT 2020 8 UNIT APT BUILDING. Don’t deal with older money pit real estate investments. Invest now in this magnific...

  • 0 Baths
  • 1327766 MLS® #
321-327 Bloomfield Avenue, Ottawa image
321-327 Bloomfield Avenue, Ottawa $5,370,000

To be built – Estimated 2023 Completion. Opportunity knocks with these TWO x FOUR UNIT BUILDINGS (8 units total). This Premier Investment Opportunity, with a projected 5-...

  • 0 Baths
  • 1291779 MLS® #
419-423 Ravenhill Avenue, Ottawa image
419-423 Ravenhill Avenue, Ottawa $5,370,000

Fully Tenanted Turnkey Investment. These two modern Fourplexes, with 2 & 3 Bed/2 Bath units, designed by award-winning architect Jason Flynn. Welcomed by sleek design ele...

  • 0 Baths
  • 1321537 MLS® #
4 Champlain Avenue, Ottawa image
4 Champlain Avenue, Ottawa $5,500,000 ▼

Brand New 12 Unit Investment Opportunity Close to Downtown Ottawa! Building includes: Full Mail/Parcel Delivery Center at the Front, a Wheelchair Lift so that 3 of 12 uni...

  • 0 Baths
  • 1292970 MLS® #
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