Space
Finished area and layout
- Living Area
- 5,200 sqft
- Building Area
- 5,200 sqft
- Bedrooms
- 10
- Bathrooms
- 6
+74 more
10
Bedrooms
6
Bathrooms
5,200 sqft
Living Area
Bldg=176.3 FT
Lot
7
Parking
Property Snapshot
Key details for this listing
MLS #X13022406
Property
Type, style and structure
- Type
- residential
- Style
- multi-family / Multiplex
- Ownership
About This Property
This 10-bedroom, 6-bathroom multi-family in Ottawa offers 5,200 sqft of living area on a Bldg=176.3 FT lot. 3 storeys. The home features hot water radiator heat, natural gas heating, none.
MLS Remarks
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 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:60351)
Full Listing Details
Address54 CENTENNIAL BOULEVARD
MLS#X13022406
Listing StatusActive
Property TypeResidential
Sub-TypeMulti-family
TransactionSale
List DateApr 20, 2026
Days on Market188
Common InterestFreehold
Annual Tax$15,678 (2025)
Parking7
Structure TypeMulti-Family
AttachedAttached
StyleMultiplex
Bedrooms10
Bathrooms6
Bedrooms Above Grade8
Bedrooms Below Grade2
Living Area5,200 sqft
Stories3
CityOttawa
ProvinceOntario
Postal CodeK1S0M9
Lot DimensionsBldg=176.3 FT
Frontage176.3 feet
Zoning DetailsR1MM
Total Parking7
HeatingHot water radiator heat, Natural gas
CoolingNone
AppliancesWasher, Dishwasher, Dryer
Water SourceMunicipal water
Annual Tax$15,678 (2025)
Cross Streets: Centennial & Rideau Garden. ** Directions: From Main St, Turn onto Centennial Blvd.
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