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$1,850,000
Available - For Sale
Listing ID: X13022406
Turnkey 6-unit investment opportunity in a strong rental location with significant upside potential. This well-maintained building features 2 two-bed, 2 two-bed + den, and 2 one-bed units with a current gross income of $106,540.92 and NOI of $77,653.92. Recent capital improvements include a full roofing system replacement in 2025, extensive masonry repairs in 2025 including brick replacement/repointing, and front entrance landscaping and concrete work completed in 2024. The pride of ownership is evident throughout with meticulously maintained exterior, common areas and landscaping. Unit mix offers strong rental growth potential, with the most recent lease (Unit 5) achieving $2,000/month, highlighting upside on remaining two-bedroom units. The property includes 6 parking spaces and a garage currently used by the owner. A 2010 survey indicates potential for future development, with a large frontage and irregular lot allowing for reconfiguration of parking to unlock additional density. Additional value-add potential exists in the basement with storage and hydro meter rooms adjacent to Unit 1, offering the possibility of consolidation to enhance unit size or functionality. A rare opportunity to acquire a well-cared-for asset with both immediate income and long-term development potential.
Price $1,850,000
Taxes: $15,678
Assessment Year: 2025
Occupancy by: Tenant
Address: 54 Centennial Boulevard , Glebe - Ottawa East and Area, K1S 0M9, Ottawa
Directions/Cross Streets: Centennial & Rideau Garden
Rooms: 20
Rooms +: 8
Bedrooms: 8
Bedrooms +: 2
Washrooms: 6
Family Room: F
Basement: Apartment
No. of Pieces Level
Washroom 1:  4 Upper
Washroom 2:  4 Lower
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  4 Upper
Washroom 7:  4 Lower
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Washroom 11:  4 Upper
Washroom 12:  4 Lower
Washroom 13:  0
Washroom 14:  0
Washroom 15:  0
Washroom 16:  4 Upper
Washroom 17:  4 Lower
Washroom 18:  0
Washroom 19:  0
Washroom 20:  0
Washroom 21:  4 Upper
Washroom 22:  4 Lower
Washroom 23:  0
Washroom 24:  0
Washroom 25:  0
Washroom 26:  4 Upper
Washroom 27:  4 Lower
Washroom 28:  0
Washroom 29:  0
Washroom 30:  0
Washroom 31:  4 Upper
Washroom 32:  4 Lower
Washroom 33:  0
Washroom 34:  0
Washroom 35:  0
Washroom 36:  4 Upper
Washroom 37:  4 Lower
Washroom 38:  0
Washroom 39:  0
Washroom 40:  0
Washroom 41:  4 Upper
Washroom 42:  4 Lower
Washroom 43:  0
Washroom 44:  0
Washroom 45:  0
Washroom 46:  4 Upper
Washroom 47:  4 Lower
Washroom 48:  0
Washroom 49:  0
Washroom 50:  0
Washroom 51:  4 Upper
Washroom 52:  4 Lower
Washroom 53:  0
Washroom 54:  0
Washroom 55:  0
Washroom 56:  4 Upper
Washroom 57:  4 Lower
Washroom 58:  0
Washroom 59:  0
Washroom 60:  0
Washroom 61:  4 Upper
Washroom 62:  4 Lower
Washroom 63:  0
Washroom 64:  0
Washroom 65:  0
Washroom 66:  4 Upper
Washroom 67:  4 Lower
Washroom 68:  0
Washroom 69:  0
Washroom 70:  0
Property Type: Multiplex
Style: 3-Storey
Exterior: Brick
Garage Type: Detached
(Parking/)Drive: Available,
Drive Parking Spaces: 6
Park #1
Parking Type: Available,
Park #2
Parking Type: Available
Park #3
Parking Type: Reserved/A
Pool: None
Approximatly Square Footage: 3500-5000
CAC Included: N
Water Included: N
Cabel TV Included: N
Common Elements Included: N
Heat Included: N
Parking Included: N
Condo Tax Included: N
Building Insurance Included: N
Fireplace/Stove: N
Heat Type: Radiant
Central Air Conditioning: None
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Elevator Lift: False
Sewers: Sewer
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Asking Price: $ Heating: $ /Year  
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SLEEPWELL REALTY GROUP LTD

54 Centennial Boulevard , Glebe - Ottawa East and Area, K1S 0M9, Ottawa

Personal Picture
Arash Salehrad
Broker
Dir:
(647)402-5949
Bus:
(905)508-9500
Fax:
(905)773-3861

 
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Type: Freehold - Multiplex
Area: Ottawa
Municipality: Glebe - Ottawa East and Area
Neighbourhood: 4405 - Ottawa East
Style: 3-Storey
Lot Size: x 0.00(Feet)
Approximate Age:
Tax: $15,678
Maintenance Fee: $0
Beds: 8+2
Baths: 6
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Personal Pic Arash Salehrad Broker pic arashsalehrad@gmail.com RE/MAX REALTRON REALTY INC., Brokerage Independently owned and operated. pic 13321 Yonge St., Unit 203, Richmond Hill, Ontario L4E 3L3 pic Office: (905)508-9500 | Fax: (905)773-3861 | Cell: (647)402-5949