54 CENTENNIAL BOULEVARD, Ottawa, Ontario, K1S 0M9

MLS® # X13022406

new listing

Investment For Sale In Old Ottawa East, Ottawa, Ontario

$1,900,000

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54 Centennial Boulevard, Ottawa, ON - Outdoor

54 Centennial Boulevard, Ottawa, ON - Outdoor With Exterior

54 Centennial Boulevard, Ottawa, ON - Indoor Photo Showing Other Room

54 Centennial Boulevard, Ottawa, ON - Indoor Photo Showing Living Room

54 Centennial Boulevard, Ottawa, ON - Indoor Photo Showing Kitchen

54 Centennial Boulevard, Ottawa, ON - Indoor Photo Showing Bathroom

54 Centennial Boulevard, Ottawa, ON - Indoor Photo Showing Bedroom

54 Centennial Boulevard, Ottawa, ON - Indoor

54 Centennial Boulevard, Ottawa, ON - Photo Showing Other Room

54 Centennial Boulevard, Ottawa, ON - Indoor Photo Showing Dining Room

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54 CENTENNIAL BOULEVARD, Ottawa, Ontario, K1S 0M9

$1,900,000

Property Information:

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. (id:27)