$1,649,000
For sale: Multiplex

LOOKING FOR A BRAND NEW INVESTMENT PROPERTY - This IS LIKE NEW - Brand New throughout & beautifully constructed, this 6 unit building has been taken to the studs and rebuilt creating a maintenance free, excellent long term investment property featuring 6 attractive one-bedroom apartments. Each features high end, brand new kitchens finished with lovely quarts counter tops and stainless steel appliances, refrigerator, stove & dishwasher, as well as in-unit laundry. All bathrooms are 4-piece bathrooms with quarts countertops. The upper 4 units have beuatiful rich, solid hardwood flooring throughout and the 2 lower units have attractive, robust and comfortable epoxy flooring. All units have their own heating controls via in wall heat-pumps providing both AIR-CONDITIONING as well as heating via the heat-pumps and supplemental baseboard heating. Each unit has access via the common stairwell as well as via exterior doors. Basement units have glass exterior doors for for improved natural light. TENANTS PAY: Heat and Hydro - all units have their own hydro meters. Heat is electric via heat-pumps and electric baseboard heating. LANDLORD PAYS: property taxes, insurance, water, and snow removal. This newly renovated 6-unit building is completely compliant with the city and has 6 unit occupancy. This is an ideal investment property that is virtually a brand new building, it is very easy to own and manage and was constructed with high quality material and craftmanship from top to bottom.
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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 61 days.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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