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54 Centennial Boulevard, Ottawa, ON 38 photos

$1,900,000

Active
54 Centennial Boulevard, Ottawa, ON· Ottawa East
5200
Sq Ft

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# X13022410

Features & Details

Property details of 54 Centennial Boulevard, Ottawa, ON

Property TypeInvestment
StyleApartment
Size5200 sq ft
Total ParkingSingle Detached

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.

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Akash Sharma

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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