Ottawa, ON
54 CENTENNIAL BOULEVARD
$1,850,000
Listed by
SLEEPWELL REALTY GROUP LTD
Adam Pearce, Salesperson
Data last updated Oct 21, 2026, 10:30 a.m. ET. By using this site you agree to our Terms of Use.
Property facts
- Price
- $1,850,000
- Type
- Detached
- Bedrooms
- 0
- Bathrooms
- 0
- Size
- 5,200 sq ft
- MLS®
- X13022410
- Status
- active
- Brokerage
- SLEEPWELL REALTY GROUP LTD
About this home
Description provided by the listing brokerage
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 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.