54 Centennial Boulevard Ottawa, Ontario K1S 0M9
$1,850,000
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. (id:67947)
Property Details
| MLS® Number | X13022410 |
| Property Type | Multi-family |
| Community Name | 4405 - Ottawa East |
| Equipment Type | Water Heater |
| Rental Equipment Type | Water Heater |
Building
| Appliances | Dishwasher, Dryer, Washer |
| Cooling Type | None |
| Heating Fuel | Natural Gas |
| Heating Type | Hot Water Radiator Heat |
| Size Exterior | 5200 Sqft |
| Size Interior | 5,200 Sqft |
| Type | Multi-family |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Size Frontage | 176 Ft ,3 In |
| Size Irregular | Bldg=176.3 Ft |
| Size Total Text | Bldg=176.3 Ft |
| Zoning Description | R1mm |
https://www.realtor.ca/real-estate/29631797/54-centennial-boulevard-ottawa-4405-ottawa-east
Interested in this property?
Nicolas SigounisREALTOR® · EXIT Realty Matrix, BrokerageBook a private showing or ask anything about this home. Nicolas will get back to you quickly.
Call or text 613.859.9331Book a showingEmail NicolasListing courtesy of Adam Pearce, Sleepwell Realty Group Ltd · Angie Pearce, Sleepwell Realty Group Ltd
Ask Nicolas about this property
Contact Us
Contact us for more information
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
September 27 2026 09:51:23
Ottawa Real Estate Board
Sleepwell Realty Group Ltd