Where Are All the Multi-Family Properties at?

Ottawa is known for its stable real estate market. This is why many investors choose to buy investment properties and multi-family residential properties in Ottawa. 

The strong job market and population growth have fuelled the demand for rental units. The low supply of rental properties has recently translated into an increase in average rents across the city.

Ottawa's overall vacancy rate in 2019 was 1.8% according to CMHC. The average rent at the end of 2019 was $1,281 which is an increase of 8.4% over 2018.

The average bachelor unit rents for $933, the average 1 bedroom unit rents for $1,178, the average 2 bedroom unit rents for $1,410 while units of 3 bedrooms or more fetch an average of $1,819.

“Robust demand supported growth in average rents of purpose-built rental apartments in October 2019.” - Anne-Marie Shaker (Senior Analyst - CMHC)

The Ottawa Real Estate Board saw a total of 365 multifamily properties sell in 2019. This included 205 duplexes, 109 triplexes and 51 fourplexes.

On the MLS®, the supply of multi-family properties has been relatively steady over the year. Although many multi-family properties sold through the MLS® each year, a large amount never ends up on the public MLS®.

We are in constant contact with our database of Ottawa investors and landlords. For this reason, we are able to find quality, off-market listings, of multi-family properties for our investor clients. If you would like to receive our exclusive property listings by email prior to them hitting the MLS® be sure to complete the form below. Alternatively, send us an email or call us 613-889-7732 to discuss your real estate needs.