Multi-Unit Residential Market, November 05 2019: See how many income properties have sold this year so far, and find out the current average price for a smaller duplex or Triplex, compared with larger buildings with 5 or more apartments.
The average price for a smaller income property is now $795,152 up 16.5% & for a larger building it's $1,340,357, down 7.2% over last year
There have been 142 Multi-Unit Residential Properties sold in all of 2019
116 sales were smaller duplex, triplex and fourplex's, up 10.5% from 2018
26 sales were larger buildings with 5 or more units, up 36.8% over last year
Want to Buy a Multi-Unit Property
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 67 days to sell in 2019 so far, versus 66 days last year. Larger buildings with 5 or more units are taking 92 days to sell, versus 66 days last year
How much did sellers' get as a % of their list price?
Smaller buildings with 2-4 units achieved 98% 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 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.
Apartment Buildings sold recently.
Curious how much certain types of income properties sell for in different neighbourhoods, below are some real-life sales, including the type of property, the asking and selling price as well as the neighbourhood and the number of days each building took to sell. For privacy reasons we cannot publish actual addresses.
Location
# Units
List Price
Sold For
Days to Sell
Britannia
Ahearn Ave.
5
$1,265,000
$1,230,000
103
Don Street
2
$649,900
$580,000
45
Priscilla St.
2
$499,900
$500,000
69
Carlington
Dover Cr.
6
$979,000
$979,000
34
Dover Cr.
6
$979,000
$979,000
41
Hollington St.
8
$1,369,000
$1,240,000
111
Stevenson Ave.
2
$614,900
$635,000
7
Centretown & Golden Triangle
Bronson Ave.
5
$579,900
$559,900
41
Argyle St.
3
$965,000
$945,000
35
Bronson Ave.
2
$569,000
$555,000
181
Florence St.
4
$995,000
$980,000
52
Florence St.
4
$1,175,000
$1,150,000
27
Florence St.
2
$469,900
$430,000
84
Frank Street
2
$599,000
$530,000
40
Lyon St.
4
$524,000
$514,000
117
Macdonald St.
4
$1,100,000
$1,030,000
2
Waverley St.
6
$1,549,000
$1,350,000
20
Waverley St.
3
$1,098,000
$1,311,777
7
Flora St.
2
$709,900
$715,000
9
Gilmour St.
3
$779,000
$750,000
50
Glebe
Clarey Ave.
3
$769,900
$800,000
11
Oaland Ave.
4
$1,498,000
$1,250,000
39
Powell Ave.
6
$2,150,000
$2,100,000
36
First Ave.
3
$1,125,000
$1,070,000
37
Fourth Ave.
3
$1,199,000
$1,510,000
7
Fourth Ave.
3
$1,095,000
$1,000,000
9
O'Connor St.
3
$1,199,000
$1,050,000
25
Hintonburg
Bayswater Ave.
5
$798,000
$750,000
35
Gladstone Ave.
5
$1,279,000
$1,260,000
31
Oxford St.
3
$699,900
$685,000
143
Spadina Ave.
2
$649,900
$622,000
16
Lowertown & Byward Market
Charlotte Street
5
$949,000
$910,000
58
Wurtemburg St.
7
$1,349,000
$1,265,000
87
McKellar Highland
Golden Ave.
3
$1,095,000
$1,075,000
37
Princeton Ave.
3
$1,095,000
$1,045,000
67
Mechanicsville
Carruthers Ave.
5
$570,000
$550,000
7
Forward Ave.
2
$329,900
$327,500
14
Old Ottawa South/Rideau Gardens
Riverdale Ave.
2
$779,000
$779,000
14
Overbrook & Castle Heights
Donald St.
3
$635,000
$640,000
23
Fullerton Ave.
2
$369,000
$368,500
16
Sandy Hill
Augusta St.
2
$949,900
$960,000
10
Blackburn Ave.
2
$479,000
$458,000
144
Cumberland St.
5
$720,000
$703,000
24
Goulburn St.
5
$950,000
$922,000
160
Vanier
Deschamps St.
6
$919,900
$870,000
142
Carillion St.
6
$750,000
$740,000
36
Carlotta Ave.
2
$525,000
$514,000
14
Deschamps Ave.
3
$419,900
$419,404
12
Desrosiers St.
4
$669,000
$642,000
36
Ethel St.
2
$279,900
$280,000
34
Frechette St.
4
$498,500
$460,000
100
Frechette St.
2
$414,900
$420,000
15
Granville St.
3
$429,900
$400,000
103
Kipp St.
2
$675,000
$662,750
85
Laval St.
2
$310,000
$297,000
156
Laval St.
3
$399,500
$385,000
179
Lavergne St.
3
$495,900
$500,000
57
Lebrun St.
4
$659,000
$649,000
154
Levis Ave.
3
$765,000
$760,000
8
Marier Ave.
4
$1,250,000
$1,177,000
643
Montfort St.
3
$399,000
$394,000
10
Montfort St.
3
$339,900
$322,500
516
Richeleau Ave.
2
$412,000
$400,000
19
Shakespeare St.
3
$388,800
$389,900
29
Shakespeare St.
4
$949,900
$900,000
230
Vachon Ave.
3
$519,900
$490,000
20
Westboro & Hampton Park
Churchill Ave.
2
$685,000
$670,000
55
Currell Ave.
2
$630,000
$630,000
22
Kirkwood Ave.
3
$759,000
$727,000
19
Tweedmuir Ave.
3
$619,900
$605,000
345
West Centretown
Bell Street
4
$799,900
$780,000
7
Cambridge St.
34
$1,525,000
$1,400,000
60
Cambridge St.
5
$2,195,000
$2,030,000
132
George St.
2
$699,900
$704,000
101
Arthur St.
6
$699,000
$699,000
5
Poplar St.
2
$575,000
$580,000
34
Poplar St.
2
$575,000
$535,000
43
Railway Street
2
$459,900
$459,900
5
In the table above, you can see that the most expensive sales are happening in The Glebe, Lindenlea and Old Ottawa East. These are nicer neighbourhoods where you are likely to attract a more Professional person to rent. You might have a lower Cap Rate, but you are more likely to actually collect your rent and get it on time
