For Sale: 54 Centennial Boulevard, Ottawa, ON - REW
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$1,900,000
0 bd • ba • 5200 sf • Multifamily
54 Centennial Boulevard
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$1,900,000
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54 Centennial BoulevardOttawa, ON, K1S 0M9

Old Ottawa East
  • 0 Bed
  • Bath
  • 5200 Sqft
  • Multifamily

About this home

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 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 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:63626)
Listed by: Adam Pearce, Salesperson, SLEEPWELL REALTY GROUP LTD

Home facts and features

Price details
List Price
$1,900,000
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Gross Taxes for 2025
$15,678
Home facts
Bedrooms
0
Full Bathrooms
Property Type
Multifamily
Depth
Frontage
176.3 feet
Heating Type
Hot water radiator heat, Natural gas
Appliances
Dishwasher, Dryer, Washer
Community
Agent details
Primary Agent
Adam Pearce
Primary Broker
SLEEPWELL REALTY GROUP LTD
Secondary Agent
Angie Pearce
Secondary Broker
SLEEPWELL REALTY GROUP LTD
Listing details
Days on REW
97 Days
Property Views
20
MLS® Number
X13022410
Source
Canadian Real Estate Association
Board
Ottawa Real Estate Board
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Property Insights

Immaculata School
  • Catholic
  • K - 12
Lady Evelyn Alternative School
  • Public
  • JK - 6
First Avenue Public School
  • Public
  • JK - 6
Riverview Alternative School
  • Public
  • JK - 6
Hopewell Avenue Public School
  • Public
  • JK - 8
Mutchmor Public School
  • Public
  • JK - 6
Corpus Christi Catholic Elementary School
  • Catholic
  • JK - 6
Viscount Alexander Public School
  • Public
  • JK - 6
Glashan Public School
  • Public
  • 7 - 8
Glebe Collegiate Institute
  • Public
  • 9 - 12
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Call Agent
Salesperson
Adam Pearce
Phone:
(613) 899-3008
Office:
613-521-2000
Salesperson
Angie Pearce
Phone:
(613) 979-2831
Office:
613-521-2000
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