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
- Multiplex
- MLS® number
- X13022406
- Source status
- Price Change
- Bedrooms
- 10
- Bathrooms
- 6
- Neighbourhood
- Not provided
- Postal code
- K1S 0M9
- Kitchens
- 6
- Kitchens above grade
- 4
- Kitchens below grade
- 2
- Family room / den
- No
- Interior size (reported range)
- 3500-5000 (units not reported)
- Lot size
- Not reported
- Garage parking spaces
- Not reported
- Total parking spaces
- 7
- Occupancy
- Tenant
- Possession type
- Flexible
- Garage
- Detached
- Annual property tax
- 15678
- Basement
- Apartment
- Laundry
- Not provided
- Interior features
- Carpet Free, Separate Hydro Meter
- 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
- Not reported
- Water source
- Not reported
- Sewer
- Sewer
- Heating system
- Radiant
- Heating fuel
- Gas
- Cooling
- None
- 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 — Multiplex. Reported details include 10 bedrooms, 6 bathrooms, interior size of 3500-5000 (units not reported). Asking price: $1,850,000. Reported occupancy: Tenant. MLS® X13022406.
Summary of source-reported facts. Verify measurements and listing terms with the brokerage.
Rooms & virtual tours
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Converted measurements are approximate. Levels and dimensions are shown only when supplied.
- Bedrooms above grade
- 8
- Bedrooms below grade
- 2
- Rooms above grade
- 20
- Rooms below grade
- 8
- Den / family room reported
- No
Reported counts are shown independently. Room dimensions have not been inferred from these counts.
Ask the listing brokerage for floor plans and measured room layouts.
Listing dates & price record
- Asking amount
- $1,850,000
Original MLS entry
Entry into the source MLS system; distinct from days on market.
Coverage varies by listing. Dates are source-reported calendar dates; only the latest reported asking-price change is shown. This is a partial record.
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Explore active properties in Glebe - Ottawa East and Area →Listing brokerage: SLEEPWELL REALTY GROUP LTD. Displayed by EnterHome Realty. Source: authorized IDX record, MLS® X13022406. Information deemed reliable but not guaranteed.