54 Centennial Boulevard,Ottawa, ON K1S0M9
Ottawa, ON K1S0M9
Description
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 $106,530.92 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. (id:13843)
Details
| MLS # | X13022406 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 122 |
| Listing Provided By | SLEEPWELL REALTY GROUP LTD | Adam Pearce |
Features
| Bed(s) | 10 |
|---|---|
| Bath(s) | 6 Total |
| SQ Feet | 3,500 |
| Garage | 7 |
| Basement | Y |
| Story(s) | 3 |
Exterior
| Lot Features | Irregular lot size, Carpet Free |
|---|
Parking
| Parking Features | Detached Garage, Garage |
|---|---|
| Parking Total | 7 |
Taxes
| Tax Annual Amount | 15678 |
|---|
Area Information
| Province | ON |
|---|---|
| City | Ottawa |
| Postal Code | K1S0M9 |
| Listing VS Median (in K1S0M9) | |
Price: $1,900,000 low | high Med: $1,900,000 sqft: 3,500 low | high Med: 4,350 $ / sqft: $543 low | high Med: $454 On site: 122 low | high Med: 122 | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | Ottawa |
| Postal Code | K1S0M9 |
| Listing VS Median (in K1S0M9) | |
Price: $1,900,000 low | high Med: $1,900,000 sqft: 3,500 low | high Med: 4,350 $ / sqft: $543 low | high Med: $454 On site: 122 low | high Med: 122 | |
 | $1,425,00042 Brighton AvenueOttawa, ON K1S0T2 |