54 Centennial Boulevard,Glebe - Ottawa East and Area, ON K1S 0M9
Glebe - Ottawa East and Area, ON K1S 0M9
Description
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.
Details
| MLS # | X13022406 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Price Change |
| Year | 0 |
| Days On Site | 206 |
| Listing Provided By | SLEEPWELL REALTY GROUP LTD | X13022406 509100 |
Features
| Bed(s) | 10 |
|---|---|
| Bath(s) | 6 |
| Garage | 1 |
| Basement | Y |
| Story(s) | 3 |
Interior
| Interior Features | Carpet Free, Separate Hydro Meter |
|---|---|
| Cooling | None |
| Heat Source | Gas |
| Fireplace Yes / No | No |
Exterior
| Roof | Flat |
|---|---|
| Foundation Details | Concrete |
| Construction Materials | Brick |
Parking
| Garage Yes / No | Yes |
|---|---|
| Parking Features | Available, Reserved/Assigned |
Utilities
| Sewer | Sewer |
|---|
Taxes
| Tax Annual Amount | 15678 |
|---|---|
| Tax Legal Description | PT LT 18, PL 279122 ; PT BLK A, PL 261322 , AS IN CR610475 ; OTTAWA/NEPEAN |
| Tax Year | 2025 |
Area Information
| Province | ON |
|---|---|
| County | Ottawa |
| City | Glebe - Ottawa East and Area |
| Postal Code | K1S 0M9 |
| Area | 4405 Ottawa East |
| Listing VS Median (in K1S 0M9) | |
Price: $1,850,000 low | high Med: $1,850,000 On site: 206 low | high Med: 206 | |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Ottawa |
| City | Glebe - Ottawa East and Area |
| Postal Code | K1S 0M9 |
| Area | 4405 Ottawa East |
| Listing VS Median (in K1S 0M9) | |
Price: $1,850,000 low | high Med: $1,850,000 On site: 206 low | high Med: 206 | |
