$1,584,000
For sale: Multiplex

Updated triplex in the sought-after neighbourhood of Mechanicsville/Hintonburg. Strong income with significant capital improvements already completed. Ideally located near Tunney's Pasture and within walking distance of the O-Train, Ottawa River Parkway bike path, Westboro Beach, coffee shops, restaurants, parks, and amenities on Wellington Street. Net Income $72,968. Unit 1 ($3300/month) is a two-storey unit offering 3 bedrooms and 2.5 bathrooms. Unit 2 ($2550/month) features 2 bedrooms and 1 bathroom. Unit 3 ($2000/month) is a studio unit. The rear parking area accommodates 3 vehicles. Each unit enjoys a private entrance and dedicated outdoor space. Contact for the full investment package, including income, expenses, inclusions, and capital improvement details.
Sold data
Multiplex homes in Ottawa took a median of 40 days to sell over the last 90 days, with the quickest quarter selling within 20 days and the slowest quarter taking more than 67, across 42 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 61 days.
The median sale price was $884,450.
Homes sold for about 2.6% below asking on average, so there was room to negotiate.
About 7% of sales closed above the list price.
Around 12% of sellers reduced their price before finding a buyer.
Based on 42 recorded sales in the last 90 days — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
Schools
Ottawa has 217 Fraser Institute–rated schools (174 elementary and 43 secondary), averaging 6.2/10.
School ratings from the Fraser Institute's Ontario school report cards.
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