54 Centennial Boulevard, Glebe - Ottawa East and Area, ON K1S 0M9, Glebe - Ottawa East and Area, ON, K1S 0M9
MLS: X13022410 | Investment
$1,900,000
Property 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 $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.
Quick Facts
- Property Type: Investment
- Bedrooms: None
- Bathrooms: None
Costs
- Annual Taxes: $15,678.00 (2025)
Listing Provided by: SLEEPWELL REALTY GROUP LTD
Board: Toronto Regional Real Estate Board
Data provided via CREA DDF®.
Detailed Features
Interior & Systems
- Cooling: No
- Utilities: Yes
Lot & Land
- Zoning: R1MM
Community & Neighbourhood
- Neighbourhood: 4405 - Ottawa East
Listing Information
Listing History
Sold history, price changes, and days-on-market are reserved for registered users.
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54 Centennial Boulevard, Glebe - Ottawa East and Area, ON K1S 0M9, Glebe - Ottawa East and Area, ON, K1S 0M9