Multi-Unit Residential Market, June 05, 2021: There have been 92 sales of Income Properties in Ottawa in 2021 so far. 80 sales were smaller buildings, up 105% over 2020 and 12 sales were larger buildings with 5 or more units, down by 9%.
After this months multifamily statistics we give you the financial breakdown on the sale of a 5 Unit Building in Lowertown that sold in May 2021. We'll dig into the financials, Cap Rate and ROI for this property.
Smaller Duplex, Triplex and Fourplex properties are taking 42 days to sell in 2021 verus 87 last year. Larger buildings with 5 or more units are taking 66 days to sell, versus 92 days last year
Smaller buildings with 2-4 units achieved 99% of their list price and Larger buildings are selling for 95% of their list price.
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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.