$1,900,000
FOR SALE

Investment

Lot: 176.3 x 0 ft
2025 Taxes: $15,678

54 Centennial Blvd
Glebe - Ottawa East And Area, ON K1S 0M9 | 4405 - Ottawa East | Ottawa

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.
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Listed By SLEEPWELL REALTY GROUP LTD
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X13022410
Last Updated Apr 23, 2026
Property Summary
Property Type Investment

More like this:
PIN 042030616
Possession Date TBD
Taxes (2025) $15,678
Directions/Cross Streets Centennial & Rideau Garden
Neighbourhood 4405 - Ottawa East
Area Ottawa
Price History

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Detailed Information
Freestanding Y
Lot 176.3 x 0 ft
Air Conditioning No
Garage Type Single Detached
Heat Type Gas Hot Water

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