Patrick Walchuk takes a recent sale of a Multi Unit Residential Building in the Ottawa area and then breaks down the numbers to see if was a good investment. If you want to see even more, we have an archive at our YouYube Channel for Investors
4-Unit that SOLD in January 2026
This 4-Unit is located in Central Ottawa, with 4 @ 1-bedroom units. The property was listed for $999,900, and sold for $989,900.
- Scheduled Rental Income was $84,180
- Effective Rental Income was $81,655
- Operating expenses of $24,500
- Total Operating Expenses, with 10% for maintenance/management $32,665
- Net operating income of $48,989
- Cap Rate was 4.95%
- Operating Expense Ratio was 40.0%
- Sold for 12 times the Gross Income
- Sold for 20 times the Net Income
With a 22% down payment of $217,778, this leaves a mortgage of $772,122. At a 4% rate, amortized over 25 years, the monthly mortgage payment would be $4,062 for an Annual Debt Service of $48,744 (this is the annual mortgage payment).
The final cash flow on this building was $245 and the ROI (return on investment) was 0.11%.
East Ottawa 4-Unit that SOLD in December 2025
This Fourplex is located in East Ottawa, with 1 3-bedroom, 1 2-bedroom, 1 1-bedroom, and 1 bachelor unit. The property was listed for $874,900, and sold for $840,000.
- Scheduled Rental Income was $64,698
- Effective Rental Income was $62,757
- Operating expenses of $14,685
- Total Operating Expenses, with 10% for maintenance/management $20,960
- Net operating income of $41,796
- Cap Rate was 4.98%
- Operating Expense Ratio was 33.4%
- Sold for 13 times the Gross Income
- Sold for 20 times the Net Income
With a 22% down payment of $184,800, this leaves a mortgage of $655,200. At a 4% rate, amortized over 25 years, the monthly mortgage payment would be $3,447 for an Annual Debt Service of $41,364 (this is the annual mortgage payment).
The final cash flow on this building was $432 and the ROI (return on investment) was 0.23%.
Triplex that SOLD in December 2025
This property is located in Central Ottawa, with 1 @ 3-bedroom unit and 2 @ 2-bedroom units. The property was listed for $849,000 and sold for $815,000.
- Scheduled Rental Income was $79,680
- Effective Rental Income was $77,290
- Operating expenses of $15,089
- Total Operating Expenses, with 10% for maintenance/management $22,818
- Net operating income of $54,472
- Cap Rate was 6.68%
- Operating Expense Ratio was 29.5%
- Sold for 11 times the Gross Income
- Sold for 15 times the Net Income
With a 20% down payment of $163,000, this leaves a mortgage of $652,000. At an interest rate of 4%, amortized over 25 years, the monthly mortgage payment would be $3,430, for an Annual Debt Service of $41,160 (this is the annual mortgage payment).
The final cash flow on this building was $13,312 and the ROI (return on investment) was 8.17%.
East Ottawa Duplex that SOLD in November, 2025
This Duplex is located in East Ottawa, with 1 3-bedroom and 1 2-bedroom. The property was listed for $624,900, and sold for $613,000.
- Scheduled Rental Income was $38,350
- Effective Rental Income was $37,200
- Operating expenses of $13,184
- Total Operating Expenses, with 10% for maintenance/management $16,904
- Net operating income of $20,296
- Cap Rate was 3.31%
- Operating Expense Ratio was 45.4%
- Sold for 16 times the Gross Income
- Sold for 30 times the Net Income
With a 45% down payment of $275,850, this leaves a mortgage of $337,150. At a 3.5% rate, amortized over 25 years, the monthly mortgage payment would be $1,684 for an Annual Debt Service of $20,208 (this is the annual mortgage payment).
The final cash flow on this building was $88 and the ROI (return on investment) was 0.03%.
Central Ottawa 10-Unit that SOLD in October, 2025
This 10-Unit is located in Central Ottawa, with 10 Units and 21 bedrooms total. The property was listed for $4,415,000, and sold for $3,500,000.
- Scheduled Rental Income was $313,786
- Effective Rental Income was $304,372
- Operating expenses of $93,229
- Total Operating Expenses, with 10% for maintenance/management $123,666
- Net operating income of $180,706
- Cap Rate was 5.16%
- Operating Expense Ratio was 40.6%
- Sold for 11 times the Gross Income
- Sold for 19 times the Net Income
With a 23% down payment of $805,000, this leaves a mortgage of $2,695,000. At a 4.5% rate, amortized over 25 years, the monthly mortgage payment would be $14,916, for an Annual Debt Service of $178,992 (this is the annual mortgage payment).
The final cash flow on this building was $1,714 and the ROI (return on investment) was 0.21%.
Fourplex that SOLD in October 2025
This property is located in Central Ottawa, with 4 1-bedroom units. The property was listed for $1,195,000 and sold for $1,115,000.
- Scheduled Rental Income was $95,256
- Effective Rental Income was $92,398
- Operating expenses of $21,591
- Total Operating Expenses, with 10% for maintenance/management $30,831
- Net operating income of $61,567
- Cap Rate was 5.52%
- Operating Expense Ratio was 33.4%
- Sold for 12 times the Gross Income
- Sold for 18 times the Net Income
With a 17% down payment of $189,550, this leaves a mortgage of $925,450. At an interest rate of 4.5%, amortized over 25 years, the monthly mortgage payment would be $5,122, for an Annual Debt Service of $61,464 (this is the annual mortgage payment).
The final cash flow on this building was $103 and the ROI (return on investment) was 0.05%.
Fourplex that sold in September 2025
This 4Plex is located in Central Ottawa, with 1 @ 2-Bed Unit and 3 @ 3-Bed Units. The property was listed for $1,325,000, and sold for $1,343,500.
- Scheduled Rental Income was $135,780
- Effective Rental Income was $131,707
- Operating expenses of $32,563
- Total Operating Expenses, with 10% for maintenance/management $45,734
- Net operating income of $85,973
- Cap Rate was 6.40%
- Operating Expense Ratio was 34.7%
- Sold for 10 times the Gross Income
- Sold for 16 times the Net Income
With a 20% down payment of $268,700, this leaves a mortgage of $1,074,800. At a 4.5% rate, amortized over 25 years, the monthly mortgage payment would be $5,949, for an Annual Debt Service of $71,388 (this is the annual mortgage payment).
The final cash flow on this building was $14,585 and the ROI (return on investment) was 5.43%.
Sixplex that SOLD in August, 2025
This 6-Unit is located in Central Ottawa, with six 1-bed Units. The property was listed for $1,600,000, and sold for $1,400,000.
- Scheduled Rental Income was $102,500
- Effective Rental Income was $99,425
- Operating expenses of $24,563
- Total Operating Expenses, with 10% for maintenance/management $34,506
- Net operating income of $64,920
- Cap Rate was 4.64%
- Operating Expense Ratio was 34.7%
- Sold for 14 times the Gross Income
- Sold for 22 times the Net Income
With a 34% down payment of $476,000, this leaves a mortgage of $924,000. At a 5% rate, amortized over 25 years, the monthly mortgage payment would be $5,374, for an Annual Debt Service of $64,488 (this is the annual mortgage payment).
The final cash flow on this building was $432 and the ROI (return on investment) was 0.09%.
Fourplex that SOLD in August 2025
This property is located in Central Ottawa, with three 2-bedroom units, and one Bachelor unit. The property was listed for $1,175,000 and sold for $1,123,000.
- Scheduled Rental Income was $72,142
- Effective Rental Income was $69,977
- Operating expenses of $19,605
- Total Operating Expenses, with 10% for maintenance/management $26,603
- Net operating income of $43,375
- Cap Rate was 3.86%
- Operating Expense Ratio was 38%
- Sold for 16 times the Gross Income
- Sold for 26 times the Net Income
With a 43% down payment of $482,890, this leaves a mortgage of $640,110. At an interest rate of 4.6%, amortized over 25 years, the monthly mortgage payment would be $3,579, for an Annual Debt Service of $42,948 (this is the annual mortgage payment).
The final cash flow on this building was $427 and the ROI (return on investment) was 0.09%.
Triplex that SOLD in July, 2025
This property is located in Far West Ottawa, with two 3-bedroom units, one 2-bedroom unit.
The property was listed for $1,225,000 and sold for $1,195,600.
- Scheduled Rental Income was $80,400
- Effective Rental Income was $77,988
- Operating expenses of $16,910
- Total Operating Expenses, with 10% for maintenance/management $24,709
- Net operating income of $53,279
- Cap Rate was 4.46%
- Operating Expense Ratio was 31.7%
- Sold for 15 times the Gross Income
- Sold for 22 times the Net Income
With a 35% down payment of $418,460, this leaves a mortgage of $777,140. At an interest rate of 4.6%, amortized over 25 years, the monthly mortgage payment would be $4,343, for an Annual Debt Service of $52,116 (this is the annual mortgage payment).
The final cash flow on this building was $1,163 and the ROI (return on investment) was 0.28%.
Fourplex that SOLD in July, 2025
This 4-Unit is located in Central Ottawa, with two 2-Bedroom Units, and 2 1-Bedroom Units.
The property was listed for $989,000, and sold for $950,500.
- Scheduled Rental Income was $87,000
- Effective Rental Income was $84,390
- Operating expenses of $26,657
- Total Operating Expenses, with 10% for maintenance/management $35,096
- Net operating income of $49,294
- Cap Rate was 5.19%
- Operating Expense Ratio was 41.6%
- Sold for 11 times the Gross Income
- Sold for 19 times the Net Income
With a 23% down payment of $218,500, this leaves a mortgage of $731,500. At a 4.6% rate, amortized over 25 years, the monthly mortgage payment would be $4,090, for an Annual Debt Service of $49,080 (this is the annual mortgage payment).
The final cash flow on this building was $214 and the ROI (return on investment) was 0.10%.
Triplex that SOLD in June, 2025
This 3-Unit is located in South Ottawa, with two 2-Bedroom Units, one 1-Bedroom Unit.
The property was listed for $799,000, and sold for $750,500.
- Scheduled Rental Income was $52,200
- Effective Rental Income was $50,634
- Operating expenses of $10,974
- Total Operating Expenses, with 10% for maintenance/management $16,037
- Net operating income of $34,597
- Cap Rate was 4.61%
- Operating Expense Ratio was 31.7%
- Sold for 15 times the Gross Income
- Sold for 22 times the Net Income
With a 32% down payment of $240,160, this leaves a mortgage of $510,340. At a 4.6% rate, amortized over 25 years, the monthly mortgage payment would be $2,854, for an Annual Debt Service of $34,248 (this is the annual mortgage payment).
The final cash flow on this building was $349 and the ROI (return on investment) was 0.15%.
8-Unit that SOLD in June, 2025
This property is located in Central Ottawa, with three 2-bedroom units, two 1-bedroom units and 3 bachelor suites.
The property was listed for $1,595,000 and sold for $1,595,000.
- Scheduled Rental Income was $138,047
- Effective Rental Income was $133,906
- Operating expenses of $36,770
- Total Operating Expenses, with 10% for maintenance/management $50,161
- Net operating income of $83,745
- Cap Rate was 5.25%
- Operating Expense Ratio was 37.5%
- Sold for 12 times the Gross Income
- Sold for 19 times the Net Income
With a 22% down payment of $350,900, this leaves a mortgage of $1,244,100. At an interest rate of 4.6%, amortized over 25 years, the monthly mortgage payment would be $6,954, for an Annual Debt Service of $83,448 (this is the annual mortgage payment).
The final cash flow on this building was $297 and the ROI (return on investment) was 0.08%.
Central 10-Unit that SOLD in May-2025
This 10-Unit is located in Central Ottawa, with four Bachelor Apartments, four 1-Bedroom Units, one 2-Bedroom Unit, and one 3-Bedroom Unit.
The property was listed for $2,595,000, and sold for $2,500,000.
- Scheduled Rental Income was $170,983
- Effective Rental Income was $165,854
- Operating expenses of $44,975
- Total Operating Expenses, with 10% for maintenance/management $61,560
- Net operating income of $104,293
- Cap Rate was 4.17%
- Operating Expense Ratio was 37.1%
- Sold for 15 times the Gross Income
- Sold for 24 times the Net Income
With a 42% down payment of $1,050,000, this leaves a mortgage of $1,450,000. At a 5.25% rate, amortized over 25 years, the monthly mortgage payment would be $8,641, for an Annual Debt Service of $103,692 (this is the annual mortgage payment).
The final cash flow on this building was $601 and the ROI (return on investment) was 0.06%.
South Ottawa Tripex that SOLD in April, 2025
This property is located in South Ottawa, with three 2-bedroom units.
The property was listed for $799,900 and sold for $755,000.
- Scheduled Rental Income was $57,600
- Effective Rental Income was $55,872
- Operating expenses of $18,613
- Total Operating Expenses, with 10% for maintenance/management $24,200
- Net operating income of $31,672
- Cap Rate was 4.19%
- Operating Expense Ratio was 43.3%
- Sold for 14 times the Gross Income
- Sold for 24 times the Net Income
With a 40% down payment of $302,000, this leaves a mortgage of $453,000. At an interest rate of 5%, amortized over 25 years, the monthly mortgage payment would be $2,635, for an Annual Debt Service of $31,620 (this is the annual mortgage payment).
The final cash flow on this building was $52 and the ROI (return on investment) was 0.02%.
Central Tripex that SOLD in March, 2025
This property is located in Central Ottawa, with two 2-bedroom units and one 1-bedroom unit.
The property was listed for $860,000 and sold for $805,000.
- Scheduled Rental Income was $62,007
- Effective Rental Income was $60,147
- Operating expenses of $16,725
- Total Operating Expenses, with 10% for maintenance/management $22,740
- Net operating income of $37,407
- Cap Rate was 4.65%
- Operating Expense Ratio was 37.8%
- Sold for 13 times the Gross Income
- Sold for 22 times the Net Income
With a 34% down payment of $273,700, this leaves a mortgage of $531,300. At an interest rate of 5%, amortized over 25 years, the monthly mortgage payment would be $3,090, for an Annual Debt Service of $37,080 (this is the annual mortgage payment).
The final cash flow on this building was $327 and the ROI (return on investment) was 0.12%.
