All ListingsMLS# X13022406
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$1,900,000
Active54 Centennial Boulevard, Ottawa, ON· Ottawa East
8+2
Bedrooms
6
Bathrooms
3500-5000
Sq Ft
7 (Detached)
Parking
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 $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.
Listed by SLEEPWELL REALTY GROUP LTD · MLS# X13022406
Features & Details
Property details of 54 Centennial Boulevard, Ottawa, ON
Property TypeMultiplex
Style3-Storey
Size3500-5000 sq ft
BasementApartment
Total Parking7
Market Insights for Multiplex in Ottawa
Based on 3 sales in the last 90 days · Showing city-wide data
New Listings
3
Avg Days on Market
61 days
Avg Price/Sq Ft
$426
Mortgage Calculator
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Mortgage Payment$9,334/monthly
Principal Amount$1,520,000
Interest$1,280,239
Total Payable$2,800,239
Amortization25 years
* Estimate only. Consult a mortgage broker for accurate figures.
Cash Flow Analysis
Mortgage payment$9,334
Mortgage + Expenses$9,334
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Monthly Cash Flow-$9,334
* Estimate only. Consult a mortgage broker for accurate figures.

Akash Sharma
REALTOR® · Ali Realty Group Inc.
Ottawa's trusted real estate partner with 170+ successful transactions and $30M+ in sales.
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