Income Property Appraisal - What's My Building Worth ✕
Multi-Unit Residential Market, January 06, 2022: There have been 191 sales of Income Properties in Ottawa in 2021. 167 sales were smaller buildings, up 2.4% over 2020 and 24 sales were larger buildings with 5 or more units, down by 29.4%.
The average price for a smaller income property in Ottawa is now $1,045,339 up 16.9%, these include Doubles, Duplex, Triplex and Fourplex buildings.
The average price for a larger multi-unit building was $2,749,923 up 49% over last year. These include buildings with 5 or more apartments in them.
0:00 - 0:14 Intro
0:14 - 0:53 Duplex, Triplex and Fourplex Stats
0:53 - 1:42 Stats for larger buildings
Smaller Duplex, Triplex and Fourplex properties are taking 53 days to sell in 2021 verus 54 last year. Larger buildings with 5 or more units are taking 79 days to sell, versus 75 days last year
Smaller buildings with 2-4 units achieved 98% of their list price and Larger buildings are selling for 99% of their list price.
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.
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.