• 23 Westmore Drive, #306, Toronto, ON, M9V 3Y7
  • +1-905-744-6000
  • info@findhomes.ca
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54 Centennial Boulevard, Glebe - Ottawa East and Area, ON K1S 0M9

54 Centennial Boulevard, Glebe - Ottawa East and Area, ON K1S 0M9

Glebe - Ottawa East and Area, ON, K1S 0M9 · 4405 - Ottawa East

10 Beds
6 Baths
— Sq Ft
6 Parking
Multiplex Type
X13022406 MLS#

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 $106,530.92 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.

Features & Amenities

  • Basement: Apartment
  • Garage: Detached
  • Cooling: None
  • Heat Type: Radiant
  • Heat Source: Gas
  • Style: 3-Storey
  • Construction: Brick
  • Sewer: Sewer

Property Details

Property Type Residential Freehold
Property Sub-Type Multiplex
Architectural Style 3-Storey
Bedrooms 10
Bathrooms 6
Basement Apartment
Garage Detached
Parking Spaces 6
Heat Type Radiant
Heat Source Gas
Cooling None
Sewer Sewer
Annual Tax $15,678
Tax Year 2025

Interior Features

Interior Features
Carpet Free, Separate Hydro Meter

Exterior Features

Pool Features
None

Building & Construction

Architectural Style
3-Storey
Construction Materials
Brick
Foundation Details
Concrete
Roof
Flat
Basement
Apartment

Heating & Cooling

Heat Type
Radiant
Heat Source
Gas
Cooling
None

Parking & Garage

Garage Type
Detached
Garage
Yes
Parking Spaces
6
Parking Total
7.00
Parking Features
Available, Reserved/Assigned
Covered Spaces
1

Lot & Land

Lot Size Units
Feet
Lot Depth
0.00
Lot Width
176.30

Financial & Tax

Tax Annual Amount
$15,678
Tax Year
2025
Possession Type
Flexible
Possession Details
TBD

Utilities & Services

Sewer
Sewer

Room Details

Rooms Above Grade
20
Rooms Below Grade
8
Kitchens Above Grade
4
Kitchens Total
6
Bedrooms Above Grade
8
Bedrooms Below Grade
2

Additional Details

Occupant Type
Tenant
Direction Faces
South
County Or Parish
Ottawa
Cross Street
Centennial & Rideau Garden
Directions
From Main St, travel East on Centennial Blvd.
Special Designation
Unknown
Showing Requirements
Lockbox

Location

54 Centennial Boulevard, Glebe - Ottawa East and Area, ON K1S 0M9, Glebe - Ottawa East and Area, ON, K1S 0M9

Listing courtesy of SLEEPWELL REALTY GROUP LTD
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Contact Info

  • +1-905-744-6000
  • info@findhomes.ca
  • 23 Westmore Drive, #306, Toronto, ON, M9V 3Y7
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