54 Centennial Boulevard, Ottawa, ON, K1S 0M9

Property Details: - Type: Multiplex - Bedrooms: 8 - Bathrooms: 6 - MLS#: X13022406 Listed By: SLEEPWELL REALTY GROUP LTD

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. This multiplex home located at 54 Centennial Boulevard, Ottawa is currently for sale and has been available on Zolo.ca for 5 days. This property is listed at $1,900,000 with an estimated mortgage of $6,993* per month. It has 8 beds, 6 bathrooms, and is 3500-5000 square feet. 54 Centennial Boulevard, Ottawa is in the OTTAWA EAST neighborhood Ottawa. Old Ottawa East, Canal and Ottawa are nearby neighborhoods.