view of front of property with brick siding Features: stoop, fence, lawn, brick siding, parking pad More Photos

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

    Est payment $9,124/mo
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    Views   1
    Time on Jump  116 day

    AI Summary *

    • Turnkey 6-unit building in a strong rental market with income potential.
    • Recent renovations include a new roof and extensive masonry updates.
    • Meticulously maintained exterior and common areas show pride of ownership.
    • Solid rental growth potential with recent lease achieving $2,000/month.
    • Possibilities for future development and value-add in the basement.




    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 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 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.
    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

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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