Income Property Market Updates, Ottawa

Multi-Unit Residential Market, January 05, 2021: There have been 199 sales of Income Properties in Ottawa in 2020. 165 sales were smaller buildings, up 21.3% over 2019 and 34 sales were larger buildings with 5 or more units, up by 21.4%

• The average price for a smaller income property is now $896,133, up by 11.7%
• Average for a larger building was $1,845,815 up by 34.8% over last year

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.

How long are Income Properties taking to sell?

Smaller Duplex, Triplex and Fourplex properties are taking 54 days to sell in 2020 verus 65 last year. Larger buildings with 5 or more units are taking 75 days to sell, versus 94 days last year

How much did sellers' get as a % of their list price?

Smaller buildings with 2-4 units achieved 99.7% of their list price and Larger buildings are selling for 97.7% 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 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.