$5,050,000
For sale: Multiplex

Great investment opportunity w/lots of character in prestigious Sandy Hill. 15 units w/ high end finishings & exposed natural brick in many apartments. Turn Key investment. 95% renovated. Newer: flat roof, decks, security cameras, windows.., new boiler system. Adjacent to Embassy. Hard to come by building w great tenants! Large outdoor space for some units including decks and a few private backyards. Minutes to Ottawa University, the Market, and Rideau Centre. Room to increase rents. Numerous capital upgrades. More details in Attachments.
Sold data
Multiplex homes in Ottawa took a median of 41 days to sell over the last 90 days, with the quickest quarter selling within 24 days and the slowest quarter taking more than 67, across 40 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 69 days.
The median sale price was $894,000.
Homes sold for about 3.7% below asking on average, so there was room to negotiate.
About 5% of sales closed above the list price.
Around 12% of sellers reduced their price before finding a buyer.
Based on 40 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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