Income Property Market Updates, Ottawa

Multi-Unit Residential Market, September 1, 2023: There have been 81 sales of Income Properties in Ottawa in August, 2023. 70 sales were smaller buildings, down 21.3% over August, 2022 and 11 sales were larger buildings with 5 or more units, down 45.0%.

The average price for a smaller income property in Ottawa is now $955,545 down 9.5%, these include Double, Duplex, Triplex and Fourplex buildings.

The average price for a larger multi-unit building is $1,555,000 down 34.5% 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 71 days to sell in 2023 versus 46 last year. Larger buildings with 5 or more units are taking 121 days to sell, versus 81 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 97% of their list price and Larger buildings are selling for 95% of their list price.

How Much did Sellers get as a % of their list price?

Smaller buildings with 2-4 units achieved 97% of their list price and Larger buildings are selling for 95% of their list price.

History of Smaller Multifamily Prices

History of Larger Multifamily Prices

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.