Historical Condominium Apartment Average Rents
Looking to purchase a condominium unit as an investment? You've already had a look at the low vacancy rates of condominiums in Ottawa and now want to know about average rents for these types of properties?
Condominiums are in high demand in Ottawa and therefore investors can expect a good rent on their units. Below is the historical average rental price of a condominium based on their size.
The average rent for a 1 bedroom condo unit in Ottawa is $1,234 while the average rent of a 2 bedroom and 3 bedroom is $1,551 and $1,769 respectfully. The average for all types in Ottawa is $1,560.
Before deciding on which condominium unit have a talk with Roch St-Georges real estate broker with EXIT Realty Matrix. It is important to know your true costs, market rents and ultimately your net profit. Call 613-889-7732