54 CENTENNIAL BOULEVARD, Ottawa
- Multi-Family
- Spacious 10-bedroom layout
- 7-car parking
- Ottawa location
Ask Peter Sagos about this property
About This Property
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:66401)
Property Details
Building & Features
Building
- Building type
- Other
- Storeys
- 3
- Exterior
- Brick
- Foundation
- Concrete
- Building features
- Separate Electricity Meters
Interior
- Basement
- Apartment in basement, N/A
- Secondary suite
- Yes
- Bedrooms above grade
- 8
- Bedrooms below grade
- 2
- Heating
- Radiant heat, Natural gas
- Cooling
- None
- Fireplace
- No
- Appliances
- Washer, Refrigerator, Dishwasher, Stove, Dryer
Parking
- Garage and parking
- Detached Garage, Garage
Lot and land
- Lot dimensions
- 176.3 FT
- Frontage
- 176.3 ft
- Lot features
- Irregular lot size, Carpet Free
- Water
- Municipal water
- Sewer
- Sanitary sewer
Location
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