Wednesday, January 22, 2014

January 2014: Available Apartment Building List


Ref # Neighbourhood  Asking   NOI  Cap Rate  Est Cash Flow/Month 
1 Hintonburg  $      669,000.00  $    43,653.00 6.53%  $          1,525.38
2 Centertown  $      549,900.00  $    34,298.00 6.24%  $          1,121.86
3 Byward Market  $      499,000.00  $    30,688.00 6.15%  $              981.74
4 Byward Market  $  1,445,000.00  $    85,973.00 5.95%  $          2,601.83
5 Westboro Beach  $      669,000.00  $    39,347.00 5.88%  $          1,166.55
6 Hintonburg  $      739,000.00  $    42,843.00 5.80%  $          1,236.86
7 Centertown  $      814,900.00  $    46,580.00 5.72%  $          1,308.62
8 Centertown  $  1,949,000.00  $  108,730.00 5.58%  $          2,906.87
9 Sandy Hill  $  1,459,000.00  $    80,912.00 5.55%  $          2,135.87
10 Byward Market  $      879,900.00  $    48,502.00 5.51%  $          1,263.55
11 Sandy Hill  $  1,250,000.00  $    66,178.00 5.29%  $          1,567.96
12 Overbrook  $  1,195,000.00  $    61,623.00 5.16%  $          1,362.04
13 Golden Triangle  $  2,450,000.00  $  123,169.00 5.03%  $          2,528.21

Hope all is well!  Happy New Year.

Above is the January spreadsheet of the best numbers for apartment buildings in Ottawa (not all listings are MLS, some are exclusive).  The minimum baseline for making the list if a cap rate of 5%.  Currently, cap rates are trending between 5.5% and 6% on an average building in a good neighbourhood. 

Banks will usually only finance a building of 4 units or less as residential, but I have a lender that can do upto 8 units as residential financing.  I have attached a reference number to each property so you can send the numbers you are interested in learning more about (1, 2, 3 etc). 

Please note, I have not visited all these buildings. 


For more information on above properties or to be added to the monthly mailing list, please include the reference number and contact the Bennett Property Shop Realty Brokerage through the following link - Ottawa Real Estate

Notes on chart above:
mortgage is based upon 2.99%, 30 year amm, 25% deposit
cap rate is based upon asking price
no allowance for management, maintenance or vacancy
information is deemed to be accurate, but must be verified

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