Multi-Unit Residential Market, April 02, 2021: There have been 52 sales of Income Properties in Ottawa in 2021 so far. 48 sales were smaller buildings, up 78% over 2020 and 4 sales were larger buildings with 5 or more units, down by 56%.
Smaller Duplex, Triplex and Fourplex properties are taking 50 days to sell in 2021 verus 99 last year. Larger buildings with 5 or more units are taking 58 days to sell, versus 85 days last year
Smaller buildings with 2-4 units achieved 102% of their list price and Larger buildings are selling for 98% of their list price.
See the financials on this
property in West Centretown
Pat discusses his work with Investors and
the state of some buildings he's seen
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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.