Multi-Unit Residential Market, September 04, 2021: There have been 130 sales of Income Properties in Ottawa in 2021 so far. 113 sales were smaller buildings, up 28.4% over 2020 and 17 sales were larger buildings with 5 or more units, down by 15%.
After this months multifamily statistics we give you the financial breakdown on the sale of a 4 unit Building in Centretown that sold in August 2021. We'll dig into the financials, Cap Rate and ROI for this property.
The image below shows you all of the financials from the
sale of the 4 unit building in this months video update.
0:00 - 0:24 Intro
0:24 - 1:52 Stats for smaller buildings
1:52 - 2:32 Stats for larger buildings
2:32 - 5:12 Financials from the sale of a 4 unit building
5:12 - 5:23 Wrap up
Smaller Duplex, Triplex and Fourplex properties are taking 42 days to sell in 2021 verus 64 last year. Larger buildings with 5 or more units are taking 73 days to sell, versus 67 days last year
Smaller buildings with 2-4 units achieved 98.4% of their list price and Larger buildings are selling for 99.5% of their list price.
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.
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.