54 Centennial Boulevard, Glebe - Ottawa East and Area, ON K1S 0M9
Glebe - Ottawa East and Area, ON K1S 0M9
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 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 facts & features
- Days on market
- Not reported
- Property type
- Investment
- MLS® number
- X13022410
- Source status
- Price Change
- Bedrooms
- Not provided
- Bathrooms
- Not provided
- Neighbourhood
- Not provided
- Postal code
- K1S 0M9
- Kitchens
- Not reported
- Family room / den
- Not reported
- Interior size
- Not reported
- Building area (total)
- 5,200 sq ft
- Lot size
- Not reported
- Garage parking spaces
- Not reported
- Total parking spaces
- Not reported
- Occupancy
- Tenant
- Possession type
- Flexible
- Garage
- Single Detached
- Annual property tax
- 15678
- Basement
- Not provided
- Laundry
- Not provided
- Interior features
- Not provided
- Exterior features
- Not provided
- MLS entry age (not confirmed DOM)
- 196 days
Values and units are reported by the listing source. Verify measurements and fees with the brokerage.
Utilities & included services
- Reported utility services
- Yes
- Water source
- Not reported
- Sewer
- Not reported
- Heating system
- Gas Hot Water
- Heating fuel
- Not reported
- Cooling
- No
- Included in rent
- Not reported
- Included in maintenance
- Not reported
A reported service is not necessarily included in rent or maintenance. Missing information does not mean a service is absent.
Property summary
54 Centennial Boulevard, Glebe - Ottawa East and Area, ON K1S 0M9, Glebe - Ottawa East and Area is listed as for sale — Investment. Asking price: $1,850,000. Reported occupancy: Tenant. MLS® X13022410.
Summary of source-reported facts. Verify measurements and listing terms with the brokerage.