Financial Analysis 5 Unit Building Sold in Feb. 2024

Ottawa Income Property
Ottawa Income Property
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Published 2024-03-04
Financial information for this Central Ottawa Commercial 5-Unit that SOLD in February, 2024. This 5-Unit property is located in Central Ottawa, with three 1-bedroom units and two 3-bedroom units. The property was listed for $1,299,000 and sold for $1,230,000.

Scheduled Rental Income was $90,480
Effective Rental Income was $87,766
Operating expenses of $23,476
Total Operating Expenses, with 10% for maintenance/management $32,253
Net operating income of $55,513
Cap Rate was 4.51%
Operating Expense Ratio was 36.7%
Sold for 14 times the Gross Income
Sold for 22 times the Net Income

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