Price Change 54 Centennial Boulevard, Glebe - Ottawa East and Area, ON K1S 0M9
4405 - Ottawa East · Glebe - Ottawa East and Area · ON
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 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.
Property details
- MLS® Number
- X13022410
- Status
- Active / Price Change
- Transaction
- For Sale
- Property Type
- Commercial
- Property Subtype
- Investment
- Lot Size
- Feet
- Lot Width
- 176.30
- Lot Depth
- 0.00
- Taxes
- $15,678
- Tax Year
- 2025
- Garage
- Single Detached
- Heating
- Gas Hot Water
- Cooling
- No
- Cross Street
- Centennial & Rideau Garden
- Directions
- From Main St, Turn onto Centennial Blvd.
- Occupancy
- Tenant
Building & Construction
- Building area
- 5200
Parking & Garage
- Garage
- Single Detached
Community & Neighbourhood
- Cross street
- Centennial & Rideau Garden
Utilities & Services
- Utilities
- Yes
Location
Property History
- Listed
- April 20, 2026 5:32 PM
- Listing updated
- September 10, 2026 8:29 AM
- System updated
- September 10, 2026 8:29 AM
- Photos changed
- April 23, 2026 9:26 AM
- Media changed
- September 10, 2026 8:29 AM
- Imported locally
- September 10, 2026 12:00 PM