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$2,148,888
ActiveAbout this Property
Outstanding Multi-Family Investment with Income & Future Potential. Located in Ottawas east end, this well-maintained 6-unit apartment building offers both stable rental income and exciting long-term growth opportunities. Sitting on a generously sized 0.24-acre lot (~80 ft frontage x ~132 ft depth), the property combines strong cash flow with excellent redevelopment potential. Currently fully occupied, the building generates over $9,800 in monthly rental income (~$118,000 annual), making it an attractive turnkey investment from day one. The unit mix is highly rentable and diverse: three 2-bedroom units, two 1-bedroom units, and one bachelor apartment. Recent improvements include a new 50-year roof installed in 2018 and modern renovations in several units, reducing future maintenance concerns and enhancing tenant appeal. The property is zoned R1WW[637], unlocking possibilities for future development while maintaining immediate income stability. The location is a major asset- just minutes from Highway 417, Blair and Cyrville LRT stations, shopping centres, restaurants, and everyday conveniences. Tenants benefit from excellent connectivity, while investors gain peace of mind knowing the property is situated in a desirable and growing area. Whether you are looking to expand your multi-family portfolio, secure a reliable cash-flowing property, or position yourself for redevelopment in the future, this building checks all the boxes. A rare opportunity to invest in a strong-performing asset with both present income and future upside.
Listed by Ali Realty Group Inc. · MLS# X13206444
About Gloucester
Gloucester is a large, diverse community spanning Ottawa's east end, encompassing distinct neighbourhoods like Hunt Club, Blackburn Hamlet, Beacon Hill, Pineview, and Cardinal Heights. Before amalgamation in 2001, Gloucester was an independent city — and its scale and variety still reflect that heritage. The community's multicultural fabric is one of its defining strengths, with residents from dozens of cultural backgrounds contributing to a rich tapestry of restaurants, shops, faith communities, and cultural organizations.
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Property details of 1549 MAXIME Street, Ottawa, ON
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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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