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$ 1,900,000
Est. payment /mo
New
54 CENTENNIAL BOULEVARD Ottawa, ON K1S0M9
10 Beds
6 Baths
3,500 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3500 - 5000
Square Footage 3,500 sqft
Price per Sqft $542
Subdivision 4405 - Ottawa East
MLS® Listing ID X13022406
Bedrooms 10
Property Description
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 $102,316.92 and NOI of $73,429.92. Recent capital improvements include a full roofing system replacement in 2025, extensive masonry repairs in 2025 including brick replacement, repointing and structural crack remediation, 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 3) 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:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Radiant heat, Not known
Cooling None
Exterior
Parking Features Yes
View Y/N No
Attached Garage No
Total Parking Spaces 7
Garage Yes
Private Pool No
Building
Story 3
Sewer Sanitary sewer
Listed by SLEEPWELL REALTY GROUP LTD
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