Multi-Unit Residential Market, October 02, 2020: There have been 142 sales of Income Properties in Ottawa so far in 2020. 117 sales were smaller buildings, up 14% over 2019 and 25 sales were larger buildings with 5 or more units, down by 7.4%
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Smaller Duplex, Triplex and Fourplex properties are taking 56 days to sell in 2020 verus 63 last year. Larger buildings with 5 or more units are taking 80 days to sell, versus 97 days last year
Smaller buildings with 2-4 units achieved 100% of their list price and Larger buildings are selling for 97% 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.