Ottawa Real Estate Blog

How to evaluate Ottawa-area multi-unit rental properties using actual sale prices, rental income, operating expenses, capitalization rates, cash flow, and return on investment (ROI).  See more archived sold buildings at our YouTube Channel.

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Key points 

• Real-world investment examples: The page analyzes recently sold duplexes, triplexes, fourplexes, fiveplexes, and six-unit buildings across Ottawa. 

• Rental income matters: It compares scheduled rental income with effective rental income, accounting for income reductions such as vacancy. 

• Operating expenses affect profitability: Expenses are calculated, with an additional 10% allowance for maintenance and management in the examples. 

• Cap rate helps compare properties: The examples show how a building's net operating income compares with its purchase price. 

• Financing can significantly reduce returns: Mortgage payments are factored into the calculations to estimate annual cash flow and ROI. 

• A higher purchase price doesn't guarantee a better investment: The examples show substantial differences in profitability between properties. 

What the numbers reveal 

The examples illustrate that some properties generate very little cash flow after mortgage payments, while others perform considerably better. For instance, a triplex sold in July 2026 showed a 5.91% cap rate and a 3.0% ROI, while a six-unit building sold in February 2026 showed a 6.48% cap rate and a 7.13% ROI. 

Bottom line: This page helps Ottawa real estate investors look beyond the purchase price and evaluate whether a rental building is likely to generate a worthwhile return after expenses and financing. The figures are illustrative calculations based on stated assumptions, not guarantees of future performance.

Sixplex that SOLD in October 2026

This property is located in East Ottawa, with 6 @ 2-bedroom units. The property was listed for $1,699,900 and sold for $1,625,000.

• Scheduled Rental Income was $132,130
• Effective Rental Income was $128,166
• Operating Expenses of $24,774
• Total Operating Expenses, with 10% for maintenance/management $37,591
• Net operating income of $90,575
• Cap Rate was 5.57%
• Operating Expense Ratio was 29.3%
• Sold for 13 times the Gross Income 
• Sold for 18 times the Net Income

With a 21% down payment of $341,250, this leaves a mortgage of $1,283,750. At an interest rate of 5%, amortized over 25 years, the monthly mortgage payment would be $7,467, for an Annual Debt Service of $89,604 (this is the annual mortgage payment).

The final cash flow on this building was $971 and the ROI (return on investment) was 0.28%.

Sixplex that SOLD in September 2026

This property is located in West Ottawa, with 3 @ 1-bedroom units, and 3 @ 2-bedroom units. The property was listed for $1,650,000 and sold for $1,500,000.

• Scheduled Rental Income was $127,149
• Effective Rental Income was $123,335
• Operating Expenses of $32,260
• Total Operating Expenses, with 10% for maintenance/management $44,593
• Net operating income of $78,741
• Cap Rate was 5.25%
• Operating Expense Ratio was 36.2%
• Sold for 12 times the Gross Income 
• Sold for 19 times the Net Income

With a 21% down payment of $315,000, this leaves a mortgage of $1,185,000. At an interest rate of 4.5%, amortized over 25 years, the monthly mortgage payment would be $6,559, for an Annual Debt Service of $78,708 (this is the annual mortgage payment).

The final cash flow on this building was $33 and the ROI (return on investment) was 0.01%.

Fourplex that SOLD in September 2026

This 4-Unit is located in East Ottawa, with 4 @ 1-bedroom units. The property was listed for $799,900, and sold for $780,000.

• Scheduled Rental Income was $74,656
• Effective Rental Income was $72,416
• Operating expenses of $48,062
• Total Operating Expenses, with 10% for maintenance/management $55,304
• Net operating income of $17,113
• Cap Rate was 2.19%
• Operating Expense Ratio was 76.4%
• Sold for 11 times the Gross Income
• Sold for 46 times the Net Income

With a 67% down payment of $522,600, this leaves a mortgage of $257,400. At a 4.5% rate, amortized over 25 years, the monthly mortgage payment would be $1,425 for an Annual Debt Service of $17,100 (this is the annual mortgage payment).

The final cash flow on this building was $13 and the ROI (return on investment) was 0.0%.

Triplex that SOLD in July 2026

This Triplex is located in East Ottawa, with 3 @ 2-bedroom units. The property was listed for $899,900, and sold for $860,000.

• Scheduled Rental Income was $76,400
• Effective Rental Income was $74,108
• Operating expenses of $15,849
• Total Operating Expenses, with 10% for maintenance/management $23,260
• Net operating income of $50,848
• Cap Rate was 5.91%
• Operating Expense Ratio was 31.4%
• Sold for 12 times the Gross Income
• Sold for 17 times the Net Income

With a 20% down payment of $172,000, this leaves a mortgage of $688,000. At a 4.5% rate, amortized over 25 years, the monthly mortgage payment would be $3,808 for an Annual Debt Service of $45,696 (this is the annual mortgage payment).

The final cash flow on this building was $5,152 and the ROI (return on investment) was 3.0%.

Sixplex that SOLD in July 2026

This property is located in Central Ottawa, with 6 @ 1-bedroom units. The property was listed for $1,570,000 and sold for $1,470,000.

• Scheduled Rental Income was $114,015
• Effective Rental Income was $110,595
• Operating Expenses of $24,954
• Total Operating Expenses, with 10% for maintenance/management $36,013
• Net operating income of $74,581
• Cap Rate was 5.07%
• Operating Expense Ratio was 32.6%
• Sold for 13 times the Gross Income 
• Sold for 20 times the Net Income

With a 28% down payment of $411,600, this leaves a mortgage of $1,058,400. At an interest rate of 5%, amortized over 25 years, the monthly mortgage payment would be $6,156, for an Annual Debt Service of $73,872 (this is the annual mortgage payment).

The final cash flow on this building was $709 and the ROI (return on investment) was 0.17%.

Triplex that SOLD in June 2026

This Triplex is located in South Ottawa, with 1 @ 2-bedroom unit, 2 @ 4-bedroom units. The property was listed for $1,290,000, and sold for $1,257,500.

• Scheduled Rental Income was $106,200
• Effective Rental Income was $103,014
• Operating expenses of $16,041
• Total Operating Expenses, with 10% for maintenance/management $26,342
• Net operating income of $76,672
• Cap Rate was 6.10%
• Operating Expense Ratio was 25.6%
• Sold for 12 times the Gross Income
• Sold for 16 times the Net Income

With a 20% down payment of $251,500, this leaves a mortgage of $1,006,000. At a 5.5% rate, amortized over 25 years, the monthly mortgage payment would be $6,141 for an Annual Debt Service of $73,692 (this is the annual mortgage payment).

The final cash flow on this building was $2,980 and the ROI (return on investment) was 1.18%.

Duplex that SOLD in June 2026

This property is located in East Ottawa, with 8 @ 1-bedroom units. The property was listed for $889,000 and sold for $840,000.

• Scheduled Rental Income was $79,020
• Effective Rental Income was $76,649
• Operating Expenses of $12,870
• Total Operating Expenses, with 10% for maintenance/management $20,535
• Net operating income of $56,114
• Cap Rate was 6.68%
• Operating Expense Ratio was 26.8%
• Sold for 11 times the Gross Income 
• Sold for 15 times the Net Income

With a 20% down payment of $168,000, this leaves a mortgage of $672,000. At an interest rate of 4.5%, amortized over 25 years, the monthly mortgage payment would be $3,720, for an Annual Debt Service of $44,640 (this is the annual mortgage payment).

The final cash flow on this building was $11,474 and the ROI (return on investment) was 6.83%.

Fiveplex that SOLD in May 2026

This Fiveplex is located in West Centretown Ottawa, with 1 @ 2-bedroom unit, 2 @ 1-bedroom units, and 2 Bachelors. The property was listed for $1,020,000, and sold for $980,000.

• Scheduled Rental Income was $97,800
• Effective Rental Income was $94,866
• Operating expenses of $24,170
• Total Operating Expenses, with 10% for maintenance/management $33,657
• Net operating income of $61,209
• Cap Rate was 6.25%
• Operating Expense Ratio was 35.5%
• Sold for 10 times the Gross Income
• Sold for 16 times the Net Income

With a 20% down payment of $196,000, this leaves a mortgage of $784,000. At a 4.5% rate, amortized over 25 years, the monthly mortgage payment would be $4,340 for an Annual Debt Service of $52,080 (this is the annual mortgage payment).

The final cash flow on this building was $9,129 and the ROI (return on investment) was 4.66%.

Triplex that SOLD in April 2026

This Triplex is located in West Ottawa, with 2 @ 2-bedroom units, and 1 @ 1-bedroom unit. The property was listed for $999,900, and sold for $950,000.

• Scheduled Rental Income was $62,244
• Effective Rental Income was $60,377
• Operating expenses of $16,300
• Total Operating Expenses, with 10% for maintenance/management $22,338
• Net operating income of $38,039
• Cap Rate was 4%
• Operating Expense Ratio was 37%
• Sold for 16 times the Gross Income
• Sold for 25 times the Net Income

With a 40% down payment of $380,000, this leaves a mortgage of $570,000. At a 4.5% rate, amortized over 25 years, the monthly mortgage payment would be $3,155 for an Annual Debt Service of $37,860 (this is the annual mortgage payment).

The final cash flow on this building was $179 and the ROI (return on investment) was 0.05%.

Fourplex that SOLD in April 2026

This property is located in Central Ottawa, with 4 @ 6-bedroom units. The property was listed for $3,500,000 and sold for $3,350,000.

• Scheduled Rental Income was $232,200
• Effective Rental Income was $225,234
• Operating Expenses of $37,935
• Total Operating Expenses, with 10% for maintenance/management $60,458
• Net operating income of $164,776
• Cap Rate was 4.92%
• Operating Expense Ratio was 26.8%
• Sold for 15 times the Gross Income 
• Sold for 20 times the Net Income

With a 28% down payment of $938,000, this leaves a mortgage of $2,412,000. At an interest rate of 4.5%, amortized over 25 years, the monthly mortgage payment would be $13,578, for an Annual Debt Service of $162,936 (this is the annual mortgage payment).

The final cash flow on this building was $1,840 and the ROI (return on investment) was 0.20%.

6-Unit, SOLD in March 2026

This 6-Unit is located in Central Ottawa, with 2 @ 2-bedroom units, and 4 @ 1-bedroom units. The property was listed for $1,595,000, and sold for $1,550,000.

• Scheduled Rental Income was $119,724
• Effective Rental Income was $116,132
• Operating expenses of $30,432
• Total Operating Expenses, with 10% for maintenance/management $42,045
• Net operating income of $74,087
• Cap Rate was 4.78%
• Operating Expense Ratio was 36.2%
• Sold for 13 times the Gross Income
• Sold for 21 times the Net Income

With a 25% down payment of $387,500, this leaves a mortgage of $1,162,500. At a 4% rate, amortized over 25 years, the monthly mortgage payment would be $6,115 for an Annual Debt Service of $73,380 (this is the annual mortgage payment).

The final cash flow on this building was $707 and the ROI (return on investment) was 0.18%.

Triplex, SOLD in March 2026

This property is located in South Ottawa, with 2 @ 3-bedroom units, and 1 @ 1-bedroom unit. The property was listed for $849,900 and sold for $850,000.

• Scheduled Rental Income was $75,600
• Effective Rental Income was $73,332
• Operating Expenses of $12,407
• Total Operating Expenses, with 10% for maintenance/management $19,740
• Net operating income of $53,592
• Cap Rate was 6.30%
• Operating Expense Ratio was 26.9%
• Sold for 12 times the Gross Income 
• Sold for 16 times the Net Income

With a 20% down payment of $170,000, this leaves a mortgage of $680,000. At an interest rate of 4%, amortized over 25 years, the monthly mortgage payment would be $3,577, for an Annual Debt Service of $42,924 (this is the annual mortgage payment).

The final cash flow on this building was $10,668 and the ROI (return on investment) was 6.28%.

6-Unit, SOLD in February 2026

This 6-Unit is located in Central Ottawa, with 4 @ 4-bedroom units and 2 @ 6-bedroom units. The property was listed for $3,150,000, and sold for $3,075,000.

• Scheduled Rental Income was $285,975
• Effective Rental Income was $277,396
• Operating expenses of $50,536
• Total Operating Expenses, with 10% for maintenance/management $78,276
• Net operating income of $199,120
• Cap Rate was 6.48%
• Operating Expense Ratio was 28.2%
• Sold for 11 times the Gross Income
• Sold for 15 times the Net Income

With a 20% down payment of $615,000, this leaves a mortgage of $2,460,000. At a 4% rate, amortized over 25 years, the monthly mortgage payment would be $12,940 for an Annual Debt Service of $155,280 (this is the annual mortgage payment).

The final cash flow on this building was $43,840 and the ROI (return on investment) was 7.13%.

Triplex, SOLD in February 2026

This property is located in Far West Ottawa, with 2 @ 3-bed units and 1 @ 2-bedroom units. The property was listed for $1,080,000 and sold for $1,000,000.

• Scheduled Rental Income was $73,903
• Effective Rental Income was $71,686
• Operating expenses of $14,485
• Total Operating Expenses, with 10% for maintenance/management $21,654
• Net operating income of $50,032
• Cap Rate was 5.0%
• Operating Expense Ratio was 30.2%
• Sold for 14 times the Gross Income 
• Sold for 20 times the Net Income

With a 30% down payment of $300,000, this leaves a mortgage of $700,000. At an interest rate of 4%, amortized over 25 years, the monthly mortgage payment would be $4,103, for an Annual Debt Service of $49,236 (this is the annual mortgage payment).

The final cash flow on this building was $796 and the ROI (return on investment) was 0.27%.

4-Unit, 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, 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, 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, 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, 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, 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%.

Open House Sunday 23rd 2-4PM

Priced at $649,000

679 Percifor Way in Bradley Ridge/Estate is just west of Navan Road. This 3-bedroom, 2.5-bathroom home was built by Valecraft in 2013 and features a welcoming stone facade. Rarely offered Marseilles II Model with 2096 square feet of living space.

The main level offers an open-concept design with plenty of space for a growing family. The main level has NEW Engineered Hardwood floors. It includes a separate dining room, a spacious kitchen that accommodates more than one cook, and a dinette area off the kitchen. The bright, west-facing living room allows for ample afternoon sunlight.

As you ascend the circular staircase to the upper level, you'll find a huge primary bedroom with an ensuite that includes a separate bath and shower, along with a walk-in closet.

Conveniently located near the bedroom is a laundry closet for added ease. There are also two generous bedrooms on this level.

The lower level of this home is a true gem, featuring a large west-facing window that brings in natural light. The current owner has finished the gas fireplace with flagstone and topped with a beautiful chunky wood mantel. There is a rough-in for an additional 4-piece bathroom, should you choose to add one, as well as two utility rooms.

The west-facing backyard boasts a deck, a small flagstone patio, and grassy areas. Come make this your home today.

• Builder and Model - Valecraft, Marseilles
• Year Built - 2013
• Taxes $4322 in 2026
• New Hardwood Floors on Main Level
• Gas Fireplace
• Central Air Conditioning
• Fenced Yard

INCLUSIONS: REFRIGERATOR, STOVE, DISHWASHER, MICROWAVE, LIGHT FIXTURES, ALARM SYSTEM (NOT UNDER CONTRACT).

EXCLUSIONS: WASHER, DRYER, DRAPES AND BLINDS, DRAPERY RODS.

RENTAL ITEMS/UNDER CONTRACT: HOT WATER TANK.

DIRECTIONS:  Take Innes Road east to Navan Road. Turn right on to Navan Road, then right on Renaud Rd., right on to Percifor Way.

Foyer looking into Living Room

Dining Room

Kitchen and Eating Area

Kitchen Looking into Dining Room

Living Room Looking facing Rear Yard

Living Room

Living Room Looking at Front Door

Basement

Street View of 679 Percifor

Have a look around the neighbourhood

Contact Karen Moxley for more info

Ottawa’s average residential home and condo sale prices from historical records through 1956 till the current year, using Ottawa Real Estate Board MLS® sales data.

Historical Average Home Prices

Sold Home Prices from 1956 - Present plus % Change over Previous Year

You can also view just Ottawa Freehold Average Prices or Ottawa Condo Average Prices

See the History of Home Prices for Specific areas

Key points 

• Long-term price growth: Ottawa’s average home price increased from $13,351 in 1956 to $700,349 in 2025, demonstrating substantial long-term appreciation. 
• Prices generally rise: Average home prices declined in only six years over the period covered. 
• Pandemic-era surge: Prices jumped 19.9% in 2020 and 22% in 2021, driven by exceptionally strong demand. 
• The largest annual decline: Average home prices fell 5.3% in 2023, following the rapid pandemic-era increases. 
• Recent recovery: Prices rose 3.2% in 2024 and 2.8% in 2025, reaching a new annual average high of $700,349. 
• Historical context: The table above provides year-by-year average prices and percentage changes, helping buyers, sellers and investors understand Ottawa’s housing market cycles. 

Bottom line: 

Ottawa home prices have experienced substantial long-term growth despite periodic downturns. This article is a useful resource for understanding historical trends and putting today's real estate market into perspective.

The Sold Home Prices on this page are taken from sales reported by the Ottawa Real Estate Board's MLS System. (OREB)

545 St. Laurent Boulevard, Apartment 1006

Welcome to this well-maintained 1 bedroom, 1 bathroom condo offering stunning southeast views of the city, Parliament Hill fireworks, and even the Peace Tower on clear days. 

The spacious living area features beautifully kept hardwood floors and opens to a covered private balcony, perfect for enjoying the outdoors in any weather. 

This unit also includes in unit laundry, one parking space and a storage locker for added convenience. Condo fees are all-inclusive and provide access to resort-style amenities such as indoor and outdoor pools, tennis and squash courts, fitness facilities, a party room, landscaped BBQ areas, and 24/7 security. 

There is a one time fee of $50 for a FOB to gain access to the amenities. 

Surrounded by mature trees and just steps from grocery stores, restaurants, and shops with Montfort Hospital a short walk away, this home combines comfort, convenience, and lifestyle in a vibrant community.

Condo Fee: $771 monthly - All inclusive.  Heat Included, Water Included, Building Insurance Included, Hydro Included, Parking Included.

Appliances Included: Refrigerator, Microwave, Stove, Hood Fan, Dishwasher, Washer, Dryer.

• Built in 1987.
• Taxes were $2487 in 2024.
• Central Air Conditioned.
• In-Suite Laundry, Laundry Closet.
• Exclusive Locker.
• Balcony

Directions: From HWY-417, head North on St. Laurent Blvd. Condo Building located on Right

Living Room

View from the balcony

Contact Jason Scott for more information about this listing

Contact Jason Scott

Coming to Ottawa MLS Monday June 1st
List price is $1,290,000

2481 Chasseur Avenue in Heron Park may be one of the best managed and highest grossing 3 unit buildings you will ever see. Fully tenanted on leases until April 30, 2027. No vacancies in 11 years and tenants typically stay 2 to 3 years. 

It's a legal 3 unit building (occupancy permit 2016 on file) and is fire retrofit 2025 (certificate on file) ESA Certificate 2016, so no insurance or mortgage issues. Current zoning is R3 converting to N3 under new zoning regulations. 

The huge lot is 7,470 sq. ft. and may allow for an additional 7 units to be constructed on the lot. 

The large detached 2 car garage with a concrete floor has electricity. This could potentially be a coach house. 

Buyer to perform their due diligence to confirm these possibilities. Garage not rented so this could be an easy and immediate revenue source.

• Apt. #1 mainfloor, 4 beds, $3,500/mo. 
• Apt. #2 top floor, 2 beds, $2,150/mo. 
• Apt #3 lower level, 4 beds, $3,200/mo.

4 hydro meters, 1 per apt. and a 4th for garage and outdoor lights. 

Gas furnace January 2026, 2 owned HWT, AC 2023, AC and Heat controlled by landlord through Ecobee app which has 4 sensors in the building. 

This is a turnkey operation with tenants locked on leases and the units are fully furnished. Tenants provide only their bed linen,towels, dishes, pots and pans.

Gross income $106,200. 

Operating expenses in 2025 are $16,041. 

(taxes $8,411, hydro $1,179, gas $1,452, water $1,999, insurance $3,000 is an estimate. 

This gives you an operating expense ratio of 15% and a cap rate of 7% based upon full list price. 

Your agent can send you the full fact sheet attached to the MLS listing which includes a huge list of updates. 

Leases, expenses and other documents to bemade available upon an accepted offer. 

This property is in great condition,well maintained by meticulous owners and has upside development potential. 

You won't be disappointed.

• Built in 1957
• Lot size - 75 feet by 100 feet
• Taxes - $8410.66 in 2025
• Separate Hydro Meters
• Gas Fireplace
• 6 Parking Spaces
• Fully Fenced
• Carpet Free
• 2 Hot Water Tanks are Owned

INCLUSIONS:  3 Refigerators, 3 Stoves, 2 Hood Fans, 1 Stainless Steel Microwave/Hood Fan, 2 Microwaves, 1 Dishwasher, 2 Mini Freezers, 3 Washer/Dryers.

INTERIOR FURNITURE:  includes Beds, Desks, Chairs, Dressers, Mirrors, Sofas, Rugs, Lights, Pictures, Side Tables, Dining Sets, Shelving and Shelving Units, TV's.

OUTDOOR FURNITURE:  BBQ, Picnic Table, Table with Chairs and Umbrella and Garden Shed.

DIRECTIONS:  East on Heron Road, right on Chasseur Avenue.

Street View around 2481 Chasseur Ave.

Use your mouse and drag the image below

Contact Patrick Walchuk
for More Info or a Viewing

Coming to Ottawa MLS on Wed. May 27th
Priced at $700,000

39 Parkwood Crescent is a gem of a home in the most desirable neighbourhood in Blackburn Hamlet. It sits on a large 60 ft. x 100 ft. lot and features a 3-bedroom, 2-bath bungalow with a fully finished basement.

The main floor features all hardwood flooring. The living room includes a gas fireplace and there is a renovated kitchen with additional counter space and functionality. Updated sinks round out another renovation on the main floor.

The fully finished basement includes a knee wall that could make a nice home office. A dedicated workshop room awaits the home hobbyist.

Teck Electric Inc. completed an inspection in April 2026 and confirmed all wiring is copper.

The backyard includes mature trees and an interlock brick patio.

Shingles have a 90-year warranty.

The neighbourhood offers convenient access to schools including École secondaire catholique Louis-Riel and Glen Ogilvie Public School, as well as walking trails, recreation, and Pine View Golf Course.

Inclusions: Washer, Dryer, Refidgerator, Built in Oven, Built in Microwave, Cook top with Hood Fan, Dishwasher, Hot Water Tank and Garden Shed.

Property Details:

• Style: Bungalow
• Year Built: 1967
• Approx. Square Footage: 1100–1500
• Above Grade Finished SqFt: 1323
• Exterior: Brick, Vinyl Siding
• Roof: Asphalt Shingle
• Garage: Carport
• Parking Spaces: 4
• Lot Size: 60 x 100 ft
• Lot Area: 5985 Sq Ft
• Zoning: RIWW
• Water: Municipal
• Sewers: Sewer
• Heating: Forced Air (Gas)
• Air Conditioning: Central Air
• Fireplace: Natural Gas Fireplace
• Basement: Finished, Full

Interior Features:

• 3 Bedrooms
• 2 Bathrooms
• Hardwood flooring on main floor
• Built-in oven
• Countertop range
• Main floor bedroom
• Water heater owned
• Workbench

Room Measurements:

Main Floor

Living Room - 5.51m x 4m - Bay window and Gas fireplace

Dining Room - 3.65m x 3.4m - Crown moulding, Walk-out and Overlooks backyard

Kitchen - 4.45m x 2.6m - Breakfast bar

Primary Bedroom - 4.2m x 3.6m - Bay window and Closet organizers

Bedroom 2 - 3.3m x 3m

Bedroom 3 - 3.48m x 3m

Lower Level

Utility Room - 4.9m x 3.7m - Combined with laundry

Recreation Room - 10.7m x 3.4m - Built-in shelves

Exercise Room - 3.64m x 3.6m - Combined with rec room

Office - 3.5m x 2.86m

Directions: East on St. Joseph Boulevard, South on Bearbrook, Right on Parkwood Crescent.

Street Map around 39 Parkwood Cres.

Contact Patrick Walchuk
for More Info or a Viewing

18 Spinney Way has been SOLD, nestled in the desirable Longfields community of Barrhaven. This beautifully maintained Tartan Banff bungalow offers approximately 1,735 sq. ft. of thoughtfully designed living space.

The main level features a bright, open-concept layout enhanced by vaulted ceilings and large windows that fill the home with natural light. Hardwood flooring runs throughout the spacious living room, dining area, and kitchen, all centered around a cozy three-sided gas fireplace—perfect for both everyday living and entertaining.

A generous front entrance leads to a versatile study or home office, ideal for professionals who work from home or meet clients. This space can also be easily converted into a third main-floor bedroom. Two additional bedrooms complete the main level.

Recent updates include new hardwood flooring, fresh neutral paint throughout, refinished kitchen cabinetry, and a new refrigerator and dishwasher.

The double garage offers built-in shelving, fresh paint, and convenient inside access to the main-floor laundry room, along with a new garage door opener.

The primary suite is a comfortable retreat, featuring new hardwood floors and an updated ensuite with a glass shower and double vanity.

At the rear of the home, a bright solarium off the dining area—also finished with new hardwood—opens to a fully fenced, south-facing backyard complete with a deck and patio, perfect for relaxing or entertaining outdoors.

The finished lower level adds even more living space with an additional bedroom, a 3-piece bathroom, and a large family room, currently rented.

Out front, enjoy a charming stone patio overlooking a peaceful forested area, offering both privacy and a serene setting.

Additional updates include new carpeting on the stairs and lower level (2022), a roof replacement approximately 7–8 years ago, and a furnace replaced in 2019 (currently rented).

Situated on a quiet street within a unique community of just 50 bungalows, this neighbourhood is especially welcoming to those aged 55 and over. You’ll enjoy close proximity to transit, shopping, MOVATI Athletic, and excellent Catholic and public schools—along with friendly neighbours in a warm, inviting setting.

• Built in 2002
• Lot size: 55.97 feet by 101.61 feet
• Taxes: $5657 in 2025
• 2 Gas Fireplaces, one is 3 sided
• Solarium
• Fully Fenced back yard
• Attached double garage

APPLIANCES INCLUDED: Stove, Hood Fan, Dishwasher, Washer, Dryer, 

INCLUDED: Ceiling Fans, Blinds Drapes

DIRECTIONS: Exit Highway 417 at Woodroffe South and turn right on Deerfox, right on Gleeson Way, second right onto Spinney Way.

See the neighbourhood around 18 Spinney Way. Use your mouse to drag the streetmap below

Contact Karen Moxley for more info

Now Priced at $1,650,000

Welcome to this stunning Centretown residence at 410 McLeod Street, showcasing exceptional curb appeal and an unparalleled blend of historic charm and modern sophistication. This impressive three-storey home offers 7 bedrooms (5 + 2) and 5 bathrooms, presenting a rare and versatile opportunity in the Ottawa market. 

Meticulously upgraded while preserving its character, the home features restored baseboards, trim, staircases, and pocket doors, seamlessly complemented by modernized windows, designer fixtures, and hotel-inspired bathrooms. 

The heart of the home is the spacious chef's kitchen, complete with two built-in ovens, a six-burner gas cooktop, a stone-topped island with a second sink, Caesarstone countertops, marble backsplash, maple and birch cabinetry, and a centre island - a chef's dream. 

The principal rooms are generous and inviting, ideal for hosting gatherings, and include glass door to the rear deck. 

The elegant rotunda offers flexible space for your personalized use. 

Recent dark wool stair runners add warmth and continuity across all levels. 

The second floor features two bedrooms with beautiful transom windows, including a primary suite with a four-piece ensuite, dressing quarters, and a conveniently located, well-appointed laundry room. 

The third floor offers three additional bedrooms or office spaces, a recently constructed three-piece bathroom, and updated light fixtures. 

The lower level includes a family room, exercise room, two more bedrooms, and a three-piece bathroom. With its separate entrance, this level provides excellent potential for a home-based business or private client space. 

Outside, enjoy the recently constructed private rear deck and interlock patio, complete with tasteful privacy screens-perfect for quiet evenings or entertaining family and friends. 

A truly exceptional property not to be missed. 

24 hours irrevocable on offers. Schedule B to accompany all offers. 

Taxes were $8,268 in 2025.

INCLUSIONS

Refrigerator, Cooktop, Stove, Two Built-in Ovens, Microwave, Dishwasher, Built-in Flat-Screen TV; Washer, Dryer, Living Room TV mount.

2nd Level Bedroom (2) TV Mount, 2 white metal loveseats on Primary Balcony, Roman Blinds, all light fixtures as they appear, Hot Water Tank

Built-In Oven, Countertop Range

LIST OF UPGRADES

I know it’s a cliché to say there are too many features to mention, but there really are. Here are some of the key renovations, some done before 2020 and many done after 2020 by the new owners.

• All black and white tile flooring throughout the home was added since 2020.

KITCHEN

• Recent stone top on the kitchen island. 
• Marble backsplash.
• Maple & birch cabinets.
• Two ovens and six burner gas stove.
• Really is a very large chef’s kitchen and fantastic for entertaining.

DINING / LIVING

• Large dining room could seat 8 to 10 people… pocket doors to living room with gas fireplace.
• Large two piece powder room on the main floor.

In a very cool circular room we are calling the rotunda, there’s a butlers staircase to the second floor.

SECOND FLOOR

• Two bedrooms on this floor and both have the original transom windows.
• Four piece ensuite bath created on 2nd floor.
• Laundry room is large, bright, has marble countertops and a built in drying rack.
• 3 piece powder room with shower has been renovated.

THIRD FLOOR

• Three bedrooms, with one of them currently set up as a home office / music room.
• Three-piece bath with a shower was added, where none existed before.
• HVAC split head heat pump installed on the roof for heating and cooling.

It's always so difficult to get Air Conditioning up to the 3rd floor in these larger homes.

LOWER LEVEL

• It used to be a non-conforming basement apartment.  Kitchen removed and vinyl plank flooring installed
• Lower level family room extensively updated, so in effect there are now two family rooms, one of which is being used as an exercise room
• Separate door with direct access to outside.  Perfect space for a home based business where one may or may not have clients visiting their business.
• Two bedrooms remain, plus a brightly renovated 3 piece bath.

EXTERIOR

• Underground irrigation system in front and back yard.
• Replaced deck, added privacy screen and interlock to backyard.
• Replaced the incoming lead water pipe.

DIRECTIONS 

Bank Street to West on McLeod and property is on your left before Kent Street. McLeod is a one-way street.

MAIN CROSS STREETS 

Bank and McLeod Streets.

Take a Street Tour Near 410 McLeod Street.

Contact Patrick Walchuk
for More Info or a Viewing

We've all been reading about the new HST Rebate on a daily basis.  However the program needs the cooperation of both the Ontario and Federal governments and it has not yet been passed into law.  

The article in the link at the bottom of this email is a good summary.  In addition to this information I'd suggest that any buyer have a legal review done of any APS from a new home builder prior to going unconditional.  

The program can benefit buyers of new homes, builders of new homes and drive down pricing of resale properties.  Some neighbourhoods will be impacted to a greater degree than others, particularly those in suburban areas that are near new housing developments.

Below are key dates as understood so far:

According to the Ontario government’s backgrounder on the rebate, if you plan to a buy a new home that isn’t built yet, you will get the rebate based on the following conditions: 

1. You sign an agreement of purchase and sale for the home within the HST rebate window, which is from April 1, 2026 to March 31, 2027.
2. Construction begins on or before Dec. 31, 2028, and “the home is substantially completed" on or before Dec. 31, 2031.

Read more information about the HST Rebate here...

Fiduciary duties are legal and ethical obligations requiring an Agent (fiduciary) to act in the best interests of their clients. The 5 core fiduciary duties are loyalty (putting the client first), care (making informed decisions), good faith (acting honestly), confidentiality (protecting information), and disclosure/obedience (transparency and following instructions)

The 5 Fiduciary Duties

  Duty of Loyalty: 

Acting in the client’s best interest, avoiding conflicts of interest, and not using client’s information for personal gain.

  Duty of Care: 

Making informed, prudent, and diligent decisions by thoroughly reviewing all material information before acting.

  Duty of Good Faith: 

Acting with honesty, integrity and a sincere intent to further your client’s interests, avoiding fraudulent or illegal actions.

  Duty of Confidentiality: 

Protecting sensitive, nonpublic information shared by the client.

  Duty of Obedience/Disclosure: 

Ensuring compliance with all laws, policies, and client restrictions, and fully disclosing relevant information, such as informing a client of a potential conflict of interest.

You've registered on our website, now set up a New Search for Yourself!

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That's it, you'll now start to receive all new listings as soon as they appear on the Ottawav MLS System, our site is constantly updated will all new listings every 10 or 15 minutes!

Where are the Cheapest Homes

We have split the City of Ottawa into eight larger communities and four rural communities. You can quickly see which neighbourhood or Town in each community had the most affordable homes.

Market updates for all neighbourhoods can be seen at our Neighbourhood Market Reports page.

Most Affordable neighbourhoods in each Ottawa Community

• CENTRAL OTTAWA
• Mechanicsville has the lowest home prices at $449,832

• EAST END OTTAWA
• Viscount Alexander has the lowest prices at $403,509

• WEST END OTTAWA
• Carleton Square has the lowest prices at $339,065

• FAR WEST END OTTAWA & NEPEAN
• Bells Corners has the lowest prices at $503,650

• SOUTH END OTTAWA
• Emerald Woods and Sawmill Creek have the lowest prices at $477,046

• ORLEANS
• Convent Glen & Orleans Wood have the lowest prices at $526,155

• KANATA
• Katimavik has the lowest prices at $564,804

• BARRHAVEN
• Pheasant Run has the lowest prices at $580,181

Most affordable Neighbourhoods in the Outskirts near Ottawa.

• OTTAWA SOUTH-WEST OUTSKIRTS
• Smiths Falls has the lowest prices at $428,411

• OTTAWA WEST OUTSKIRTS 
• Arnprior has the lowest prices at $535,145

• OTTAWA SOUTH OUTSKIRTS 
• Merrickville & Wolford has the lowest prices at $609,082

• OTTAWA EAST OUTSKIRTS 
• Limoges has the lowest prices at $577,903

Market updates for all neighbourhoods can be seen at our Neighbourhood Market Reports page.

Most Affordable listings from all across Ottawa

If you want to see all of the most affordable freehold houses or just condos from all across Ottawa, use the links below to see them all, in order from the lowest price.

• Houses for Sale under $500,000
• Condos for Sale under $300,000

Keep an eye on all new listings as well as sales and sold prices on any Street or Neighbourhood

Ottawa Sreeet Match