Multi-Unit Residential Market, May 1, 2023: There have been 30 sales of Income Properties in Ottawa in April, 2023. 28 sales were smaller buildings, down 30% over April, 2022 and 2 sales were larger buildings with 5 or more units, down 84.6%.
The average price for a smaller income property in Ottawa is now $931,179 down 10.8%, these include Double, Duplex, Triplex and Fourplex buildings.
The average price for a larger multi-unit building is $1,367,500 down 38.5% over last year. These include buildings with 5 or more apartments in them.
Smaller Duplex, Triplex and Fourplex properties are taking 76 days to sell in 2023 versus 43 last year. Larger buildings with 5 or more units are taking 70 days to sell, versus 86 days last year. We are reporting cumulative days on market which is more accurate.
Smaller buildings with 2-4 units achieved 97% of their list price and Larger buildings are selling for 94% of their list price.
Year |
Buildings with
|
2007 | $362,138 down 8.5% |
2008 | $380,040 up 4.9% |
2009 | $442,676 up 16.5% |
2010 | $493,169 up 11.4% |
2011 | $546,511 up 10.8% |
2012 | $556,136 up 1.8% |
2013 | $612,410 up 10.1% |
2014 | $600,095 down 2% |
2015 | $640,067 up 6.7% |
2016 | $657,974 up 2.8% |
2017 | $695,837 up 5.8% |
2018 | $701,591 up 0.8% |
2019 | $800,071 up 14% |
2020 | $894,041 up 11.7% |
2021 | $1,043,751 up 16.7% |
2022 | $1,038,839 down 0.5% |
Year |
Buildings with
|
2007 | $660,700 down 17.3% |
2008 | $823,335 up 24.6% |
2009 | $784,502 down 4.7% |
2010 | $878,551 up 12% |
2011 | $1,290,621 up 46.9% |
2012 | $1,522,383 up 18% |
2013 | $1,302,792 down 14.4% |
2014 | $1,121,626 down 13.9% |
2015 | $1,417,810 up 26.4% |
2016 | $1,265,884 down 10.7% |
2017 | $1,039,403 down 17.9% |
2018 | $1,461,783 up 40.6% |
2019 | $1,369,617 down 6.3% |
2020 | $1,845,815 up 34.8% |
2021 | $2,749,923 up 49% |
2022 | $2,162,204 down 21.4% |
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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