For Sale - 54 Centennial Boulevard, Glebe - Ottawa East and Area, Ontario

Est payment $9,124/mo
Views   1
Time on Jump  1 days
  • Turnkey 6-unit property in a strong rental location with income potential.
  • Well-maintained building with a good mix of unit types for tenants.
  • Recent upgrades include a new roof and extensive masonry repairs.
  • Parking spaces available plus garage for added convenience.
  • Potential for future development to increase density and value.



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.
Listing IDX13022410
Address54 Centennial Boulevard
CityGlebe - Ottawa East and Area, Ontario
Price$1,900,000
StyleInvestment
TypeIndustrial/Commercial
StatusFor Sale
Subtype InvestmentHeating / Cooling Gas Hot Water
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Listing Agency:  SLEEPWELL REALTY GROUP LTD

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54 Centennial Boulevard
Glebe - Ottawa East and Area , Ontario
$1,900,000
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