54 Centennial BLVD, Glebe - Ottawa East And Area, ON K1S 0M9
54 Centennial BLVD, Glebe - Ottawa East And Area, ON K1S 0M9
54 Centennial BLVD, Glebe - Ottawa East And Area, ON K1S 0M9
54 Centennial BLVD, Glebe - Ottawa East And Area, ON K1S 0M9
54 Centennial BLVD, Glebe - Ottawa East And Area, ON K1S 0M9
54 Centennial BLVD, Glebe - Ottawa East And Area, ON K1S 0M9
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Alyson Te

Alyson Te

+1(647) 835-1028
$ 1,850,000
Est. payment | /mo

8 Beds

6 Baths

Save
$ 1,850,000
Est. payment | /mo
Save

8 Beds

6 Baths

Key Details

Property Type Multi-Family

Sub Type Multiplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 3500-5000

Subdivision 4405 - Ottawa East

MLS Listing ID X13022406

Style 3-Storey

Bedrooms 8

Annual Tax Amount $15,678

Tax Year 2025

Property Sub-Type Multiplex

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 $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.

Location

Province ON

County Ottawa

Area Ottawa

Rooms

Family Room No

Basement Apartment

Kitchen 6

Separate Den/Office 2

Interior

Interior Features Carpet Free, Separate Hydro Meter

Cooling None

Fireplace No

Heat Source Gas

Exterior

Parking Features Available, Reserved/Assigned

Garage Spaces 1.0

Pool None

Roof Type Flat

Lot Frontage 176.3

Total Parking Spaces 7

Building

Foundation Concrete

Others

ParcelsYN No

Listed by SLEEPWELL REALTY GROUP LTD

Nearby Locations

Alyson Te

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(647) 835-1028

alyson@elitesold.com

50 Leek Cres, Richmond Hill, ON L4B 4J3, CAN

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54 Centennial BLVD