




5,200 sqft
C$1,850,000
54 Centennial Boulevard, Glebe - Ottawa East and Area ON, K1S 0M9
Price per sqftC$355.77
Property size5,200 sqft
Property typeCommercial
Overview
Active
Price Change
Listed Apr 20, 2026
Updated 13 days ago
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.
Other Property Details
- Taxes
- $15,678
- Tax Frequency
- Annually
Courtesy of Listed by , SLEEPWELL REALTY GROUP LTD,
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Data last updated 3:44 AM UTC, 9/28/2026