Multi-Family Listings

This well-maintained 6-plex presents an outstanding investment opportunity in the heart of Gananoque. Built in 1956 and situated on a large R2-zoned lot, the property offers excellent long-term value with a private parking lot at the rear for tenant convenience. Currently, five of the six units are occupied, providing immediate and stable rental income, while the sixth unit is vacant and available for July 1 occupancy, offering potential for increased cash flow through market rent. Ideally located close to schools, grocery stores, and other local amenities, the property remains highly attractive to tenants seeking convenience and accessibility. The building has demonstrated exceptional rental stability, maintaining an average vacancy rate of just 3.5% over the past five years, reflecting strong tenant demand in the area. Generating a strong Net Operating Income of more than $85,000, this property is a turnkey addition to any investment portfolio. Major capital improvements have already been completed, including new windows in 2016, a roof replacement in 2021, and a new furnace in 2024, helping to minimize future maintenance costs. With strong financial performance, proven occupancy, quality upgrades, ample parking, and a desirable location, this is a rare opportunity to acquire a solid multifamily asset in one of Eastern Ontario's most sought-after communities. (id:5764)

395 Pine Street East, Gananoque

Listing courtesy of CENTURY 21 SYNERGY REALTY INC.

$1,150,000

8 Beds ⋅ 3 Baths ⋅ X13507206 MLS® #

Built in 2004, 3 Hilda Street is a purpose-built triplex offering a rare opportunity to own a newer, low-maintenance income property in one of Ottawa's most convenient central locations. Just steps to public transit, Bayview Station, shopping, restaurants, parks, schools, and minutes to downtown, this property offers the accessibility and convenience today's tenants are looking for.The building features three spacious two-bedroom apartments, each with bright, functional layouts, modern appliances, and the convenience of in-suite laundry with a dedicated washer and dryer. The two upper apartments also have a den/third bedroom. Every unit is independently serviced with its own forced-air furnace and rented hot water tank, providing simplified management and helping reduce landlord operating costs.Two units are currently leased for $2,178/month and $1,912/month, while the vacant basement apartment provides immediate flexibility to secure a new tenant at market rent or move in yourself. This creates an excellent opportunity for an owner-occupier to offset their mortgage with rental income and potentially purchase with as little as 5% down (subject to lender qualification).Purpose-built construction and modern mechanical systems mean lower maintenance requirements and fewer capital expenses than many older multi-unit properties. Whether you're an investor looking to expand your portfolio or a buyer seeking a smart house-hacking opportunity, 3 Hilda Street delivers the ideal combination of strong income, modern construction, exceptional location, and long-term investment potential. See attachments for permit and compliance report for third unit. (id:5764)

3 Hilda Street, Ottawa

Listing courtesy of CENTURY 21 GOLDLEAF REALTY INC..

$1,199,000

4 Beds ⋅ 4 Baths ⋅ X13504228 MLS® #

Attention Smart Investors! Are you looking to add to, or diversify your existing investment portfolio? Look no further than this incredible opportunity in one of Ottawa's most vibrant and sought-after neighbourhoods. Welcome to 10 Sherbrooke Avenue, a beautifully renovated, cinder block four-plex located just steps off the bustling Wellington Street. This converted former commercial building is a fully stabilized multi-unit dwelling containing four well-appointed one-bedroom and one-bathroom units currently rented above market rents and with five hydro meters. This turn key investment property has a 6% cap rate and is fully rented with ideal tenants and grosses an annual income of $96,672. Looking to increase cash flow further? With R4UB zoning and an engineer's report confirming the possibility of adding vertically to the building, there are many possibilities. Nestled in a prime location, this property is within walking distance to trendy boutiques, gourmet restaurants, charming cafes, and beautiful parks, offering an unbeatable lifestyle for your tenants. Don't miss out on this prime investment opportunity. (id:5764)

10 Sherbrooke Avenue, Ottawa

Listing courtesy of ENGEL & VOLKERS OTTAWA.

$999,000

6 Beds ⋅ 4 Baths ⋅ X13500338 MLS® #

Rare opportunity to own a side-by-side duplex in an exciting up-and-coming neighbourhood! Vacant side-by-side duplex, ready for multiple opportunities, use your imagination! Situated on a spacious lot in a centrally located area just minutes from the LRT, shopping, restaurants, schools and everyday amenities, this property offers exceptional flexibility for investors and owner-occupants alike. Each vacant unit features 3 generous bedrooms, 2 bathrooms, an attached private garage, ample driveway parking, and its own fully fenced backyard backing onto park space for added privacy. The utilities are all metered separately. With both units vacant, you have the rare advantage of setting your own rents from day one, renovating to maximize value, or moving into one side while generating income from the other. Inside, both homes offer welcoming front foyers with convenient closet space, main floor powder rooms, and spacious, functional living areas perfect for families or tenants. Patio doors lead directly to the private backyard oasis, creating an ideal indoor-outdoor lifestyle. Upstairs, each unit boasts an oversized primary bedroom with a comfortable sitting area and direct access to the full bathroom, while the second and third bedrooms are generously sized to accommodate double beds with ease. Surrounded by homes undergoing extensive renovations and new construction, this rapidly transforming neighbourhood continues to attract homeowners and investors alike, making this an outstanding opportunity to build long-term wealth in a location with tremendous upside. Whether you're looking to expand your investment portfolio, renovate for increased value, or enjoy the financial advantages of living in one unit while renting the other, this versatile property offers endless possibilities at exceptional value. Book your showing today! (id:5764)

1991 Banff Avenue, Ottawa

Listing courtesy of ROYAL LEPAGE TEAM REALTY.

$1,098,800

4 Beds ⋅ 2 Baths ⋅ X13500076 MLS® #

Welcome to 169 Florence Street where you will find this beautiful and totally remodelled duplex in the heart of centretown located on a super quiet street! Approx $300k has been invested by the same family which has owned the property for over 50 years! Absolute high quality materials and craftsmanship is evident from the moment you enter with features such as new steel exterior & interior doors,remodelled kitchens featuring quartz countertops and stainless appliances, fully remodelled bathrooms w/quartz topped vanities, new insulation in attic & main level, updated electrical,new drywall,plumbing/heating piping,recessed LED lighting,luxury vinyl flooring, new appliances including new washer/dryers for both apts, painted steel stairs at rear of bldg for upper unit for fire escape, high efficiency gas furnace'15, new A/C unit '24, windows replaced approx.2000, updated front balcony area w/new soffits. New (up to code) smoke detectors installed throughout, new stucco installed at rear 2022. Property consists of 2 units- main level apt#1- (2 bedrooms) rented to excellent tenants $2500.00/month on a month to month basis and upper level apt#2 (2 bedroom + den) leased until April 30th 2027 also rented to great tenants at $2550.00/mo.for a total of $60,600.00/year. (both apt. tenants pay their own hydro).The spacious basement area has dry,concrete floors and is approx 5' in height and features an as-is bathrm plus direct access to outside. 1 electric hwt (owned) for upper level unit and 1 gas hwt (rented) for main level unit. 2 separate hydro meters. Attic space may also offer additional living space potential! Parking at rear can accommodate up to 3 cars!! Don't miss this opportunity to own this lovingly maintained, turn-key duplex in a fantastic location so close to countless amenities,bus routes and queensway. 24 hr irrevocable for offers. (id:5764)

169 Florence Street, Ottawa

Listing courtesy of ROYAL LEPAGE TEAM REALTY.

$549,900

3 Beds ⋅ 2 Baths ⋅ X13498168 MLS® #

TURNKEY DUPLEX within walking distance of Beechwood Village, offering an exceptional opportunity for investors and owner-occupants alike. Live in one unit while generating rental income from the other, or rent both and set your own rents. BOTH UNITS ARE CURRENTLY VACANT. Unit #1 is a SPACIOUS TWO-LEVEL APARTMENT featuring 2 bedrooms, separate living and dining rooms, a sunroom, and a generous lower-level recreation room with large windows that provide plenty of natural light. Unit #2 is a freshly painted 1-bedroom apartment with a functional layout. Both feature updated kitchens and bathrooms, as well as in-unit laundry, making them move-in-ready investments with excellent income potential in one of Ottawa's rapidly gentrifying neighbourhoods. (id:5764)

195 Deschamps Avenue, Ottawa

Listing courtesy of RE/MAX HALLMARK REALTY GROUP.

$1,350,000

X13494974 MLS® #

Ideally situated in Ottawa's coveted Golden Triangle, this property represents a rare opportunity to acquire a well-maintained six-unit multifamily asset in one of the city's most desirable urban enclaves. Each suite is thoughtfully configured, offering a strong foundation of stable income with meaningful potential for rental growth and value appreciation. The property's central location ensures enduring tenant demand, exceptional walkability, and proximity to Ottawa's key employment, retail, and lifestyle corridors. Investors will appreciate the balance of reliability and upside-an ideal addition to any portfolio seeking long-term performance in a high-barrier-to-entry market. A new roof was completed in 2024, further enhancing the property's desireability. Opportunities of this caliber in Ottawa's thriving multifamily market are increasingly rare, making 88 MacLaren Street a must-see for the discerning investor. Seller may consider VTB. (id:5764)

88 Maclaren Street, Ottawa

Listing courtesy of EXP REALTY.

$790,800

5 Beds ⋅ 3 Baths ⋅ X13492392 MLS® #

Great investment opportunity in the heart of Vanier! This well-located triplex is zoned R4E, offering excellent potential for investors seeking strong cash flow and future development possibilities. Situated on a quiet side street just steps from Montreal Road, with convenient access to shops, grocery stores, restaurants, public transit, schools, and parks.The property features three levels: the main floor offers a foyer, living room, dining room, 2 bedrooms plus a den,1 bathroom and laundry. The upper unit includes a foyer, living room, kitchen, 2 bedrooms,1 bathroom and laundry and the basement unit consists of 1 bedroom and 1 bathroom. The basement requires renovations but presents strong potential for additional income once completed.Set on a large lot with a private driveway accommodating up to 6 vehicles, this property is ideal for investors or renovators looking to add value in a highly accessible, in-demand location. Property being sold "as is". The seller makes no representations or warranties. (id:5764)

361 Iberville Street, Ottawa

Listing courtesy of LPT REALTY.

$1,180,000

4 Beds ⋅ 4 Baths ⋅ X13492274 MLS® #

Imagine owning a classic Glebe home and transforming it into the home you've always dreamed of. 86 Fourth Avenue presents a rare opportunity to purchase a timeless red brick property in one of Ottawa's most sought-after neighbourhoods while enjoying the flexibility of its current duplex configuration. Occupy either the main floor or upper suite and continue renting the other to help offset your mortgage, renovate one level at a time at your own pace, or transform the property into the extraordinary single-family residence you've always envisioned. Conceptual architectural floor plans have already been prepared, providing inspiration for a stunning four-bedroom family home while still giving you the freedom to personalize every detail and create a home that is uniquely your own. Rich in character and timeless architectural appeal, this classic residence showcases original hardwood flooring, beautiful wood trim, generous room proportions, inviting covered porches, a detached garage, an expansive driveway, and two separately metered hydro services. Ideally located just steps from the Rideau Canal, Lansdowne Park, vibrant Bank Street, boutique shopping, cafés, award-winning restaurants, the Lansdowne Farmers' Market, excellent schools, parks, and countless year-round community events, you'll experience one of Ottawa's most walkable, vibrant, and cherished neighbourhoods where everything you need is just moments from your front door. Whether you choose to enjoy the home in its current configuration, thoughtfully renovate over time, or create your forever home from the ground up, 86 Fourth Avenue offers a truly unique opportunity to establish yourself in the Glebe while creating a home that can be enjoyed by your family for generations to come. (id:5764)

86 Fourth Avenue, Ottawa

Listing courtesy of SLEEPWELL REALTY GROUP LTD.

$7,227,835

X13491258 MLS® #

CALLING ALL INVESTORS! 25 Condos for Sale and 25 Parking Spots Included. All tenanted properties with $53,408 of monthly income. Showings Mon-Fri 10AM-3PM ONLY (id:5764)

105 Champagne Avenue, Ottawa

Listing courtesy of FIDACITY REALTY.

$539,000

4 Beds ⋅ 2 Baths ⋅ X13489320 MLS® #

Set on Granville Avenue, this detached duplex in Vanier offers a great balance of comfort, flexibility and income potential. The property features two self contained units, each with two bedrooms and a full bathroom, along with updated kitchens and bathrooms that make both spaces feel comfortable and welcoming. With separate entrances and individual driveways, each unit enjoys a sense of privacy that appeals to both tenants and live-in owners.The main level unit offers a functional layout with a front entry closet, a spacious living room, an eat in kitchen with ample cabinetry and room to gather, two bedrooms and a three piece bathroom. The upper unit is equally inviting, filled with natural light, modern updates, two bedrooms and a three piece bath creating a comfortable and independent living space. Both units also offer rear exits.Outside, the private backyard provides space to relax or entertain, while the detached garage adds valuable storage or workshop potential. Separate hydro meters simplify day to day management for investors and make shared living arrangements more convenient.Located just minutes from downtown Ottawa, this home is close to transit, parks, the Rideau River pathways and local favourites like Beechwood Village. With strong rental demand in a neighbourhood that continues to evolve, this property presents a solid opportunity for investors, multi generational living or anyone looking to offset their mortgage with additional income. (id:5764)

267 Granville Street, Ottawa

Listing courtesy of ENGEL & VOLKERS OTTAWA.

$899,999

7 Beds ⋅ 5 Baths ⋅ X13490778 MLS® #

Exceptional Triplex Opportunity - Steps from the Rideau Canal in Old Ottawa East. A rare chance to own a triplex steps from the Rideau Canal in one of Ottawa's most desirable urban neighbourhoods. This versatile property features three distinct units: 136 Glenora, a 3-bed, 1.5 bath apartment; 36 Hazel, 2-bed, 1 bath suite; and 34 Hazel, 2-bed, 2 bath unit. Each residence offers its own private entrance, providing flexibility for multi-generational living, investment, or future redevelopment. With new zoning policies in Old Ottawa East, the property presents meaningful potential to add on, expand, or reimagine the existing structure, maximizing long-term value in a rapidly evolving area. Just steps from the Flora Footbridge, enjoy direct pedestrian access to the Glebe, Lansdowne, Whole Foods, TD Place, and year-round festivals. Walk to Main Street cafés, restaurants, shops, and community amenities, or cycle the scenic canal and river pathways that define this walkable, bike-friendly community. Ottawa University is approximately five minutes away, Parliament Hill is about ten, with transit, parks, and schools all close by. A centrally located property where lifestyle, connectivity, and redevelopment potential converge. Some photos are digitally enhanced. 24 hours irrevocable on all offers. 24 hours notice required for all showings. (id:5764)

34 Hazel Street, Ottawa

Listing courtesy of BENNETT PROPERTY SHOP REALTY.

$1,995,000

10 Beds ⋅ 6 Baths ⋅ X13483634 MLS® #

Description: Turn-key 6-unit multifamily in west-central Ottawa - a well-kept, purpose-built brick low-rise with durable cash flow and upside. Mix of four 2-bed/1-bath suites and two 1-bed/1-bath, many renovated with updated finishes.Approx. $128,040 gross income and projected NOI near $100,700 - a 5.05% cap rate at $1,995,000. Includes 3 garages, 9 surface spaces, 6 interior lockers, and coin operated laundry. Recent capital work: pavement (2024), front door (2023), foundation sealing (2018), windows (2018), boiler and roof (2015). Professionally managed by Easy Street Services. Steps from Westboro, Hintonburg and Wellington West, with quick access to the Civic Hospital, downtown, Carleton University, Algonquin College and the rest of Ottawa through the nearby highway 417. Potential upside through turnover, suite upgrades, and storage income; CM1 zoning may support future development (buyer to verify). Offered as-is; figures to be verified. Limitations to showings: 9:30 am to 2 pm Tuesday and Thursday, 9 am to 3 pm Monday, Wednesday, Friday, Saturday, Sunday. Some photos virtually staged. (id:5764)

824 Kirkwood Avenue, Ottawa

Listing courtesy of GRAPE VINE REALTY INC..

$1,325,000

5 Beds ⋅ 4 Baths ⋅ X13485286 MLS® #

Exceptional investment opportunity in the heart of Centretown! This well-maintained fourplex offers immediate rental income with all units tenant occupied and features an attractive unit mix consisting of one 2 bedroom unit, one 1 bedroom plus den unit, and two 1 bedroom units. Ideally situated just steps from the Rideau Canal and within walking distance to shops, restaurants, parks, public transit, and downtown Ottawa, this property benefits from strong tenant demand and an unbeatable central location. A private driveway provides added convenience for tenants and owners alike. Whether you're looking to expand your investment portfolio or secure a prime multi-family asset in one of Ottawa's most sought-after neighbourhoods, this income-generating property offers excellent long-term potential. (id:5764)

44 Mcleod Street, Ottawa

Listing courtesy of ROYAL LEPAGE TEAM REALTY.

$1,595,000

X13485186 MLS® #

Rare five-unit investment opportunity in the heart of Centretown! This income-producing multifamily property offers an excellent unit mix, featuring one spacious 3-bedroom, 2-bathroom unit with in-suite laundry and four 1-bedroom, 1-bathroom units, making it an attractive option for both investors and tenants. Ideally located in one of Ottawa's most sought-after urban neighbourhoods, this property is just steps from vibrant shops, restaurants, cafés, parks, and public transit. Its prime location provides tenants with exceptional walkability and easy access to downtown, government offices, and major employment hubs. With strong rental demand, multiple income streams, and long-term appreciation potential, this property presents a compelling opportunity to expand your investment portfolio or add a quality asset to your holdings. Whether you're a seasoned investor or entering the multifamily market, this well-positioned property offers both stability and growth potential. (id:5764)

548 Maclaren Street, Ottawa

Listing courtesy of ROYAL LEPAGE TEAM REALTY.

$2,275,000

X13484640 MLS® #

Exceptional opportunity to own a FULLY LEASED, fully redeveloped 6-unit property in the heart of Hintonburg, one of Ottawa's most vibrant and walkable neighbourhoods, steps to Wellington West, Preston Street, and the LRT. A turnkey, fully leased multifamily property generating approximately $150,000 in annual gross revenue, delivering immediate and predictable cash flow. The property is eligible CMHC MLI Select financing, enabling qualified purchasers to acquire the asset with approximately $535,000 down and benefit from attractive leverage, enhanced cash-on-cash returns, and long-term appreciation potential. Completely REBUILT FROM THE STUDS, this property retains its character brick exterior while delivering a modern, efficient, low-maintenance asset designed for long-term ownership.Each unit features a private exterior entrance, offering a level of privacy and independence rarely found in multifamily properties. Interiors are thoughtfully designed with quartz countertops, custom cabinetry, tiled bathrooms with glass showers, dimmable pot lighting, in-unit laundry, and INDIVIDUAL temperature control. Large windows throughout-including in lower-level units-create bright, comfortable living spaces. Full offering package available upon request. (id:5764)

142 Young Street, Ottawa

Listing courtesy of EXP REALTY.

$549,000

7 Beds ⋅ 3 Baths ⋅ X13482810 MLS® #

Well-maintained and fully tenanted triplex offering strong and stable income, generating *approximately $30,000 in net annual income. This solid investment property features a desirable unit mix of **two 2-bedroom units and one 3-bedroom unit*, each thoughtfully laid out and well cared for. All units have been *updated approximately 10 years ago*, providing improved finishes and long-term durability while maintaining strong tenant appeal. The property is fully occupied with reliable tenants in place, offering immediate cash flow for investors. Located in a convenient area of Hawkesbury close to schools, shopping, parks, and essential amenities, this property is well-positioned for consistent rental demand. A rare opportunity to acquire a *turnkey multi-family investment* with strong income performance and minimal vacancy risk. Ideal for both seasoned investors and those looking to enter the multi-residential market. (id:5764)

466-468 Catherine Street, Hawkesbury

Listing courtesy of EXP REALTY.

$359,900

2 Beds ⋅ 3 Baths ⋅ X13483498 MLS® #

Situated in a prime location in Smiths Falls, this unique mixed-use building offers a rare investment opportunity within walking distance of shopping, restaurants, parks, and other key amenities. The property includes two residential 1-bedroom, 1-bathroom units currently rented at $813/month and $922.50/month, providing steady income from day one. An additional VACANT commercial unit offers exceptional flexibility for an owner, entrepreneur, or investor looking to secure additional rental income at market rates. Combining residential stability with commercial potential, this property is a versatile addition to any real estate portfolio. (id:5764)

47 Main Street East, Smiths Falls

Listing courtesy of CENTURY 21 SYNERGY REALTY INC..

$1,849,900

9 Beds ⋅ 6 Baths ⋅ X13484064 MLS® #

Luxury triplex built by Blueprint Construction on an oversized lot rarely offered with expansive 1400sq/ft units on each floor. Additional 3 non-conforming studio apartments in the basement built to code. This turnkey newly built multi-family building produces $97,968 net operating income annually. These expansive units with luxury finishes offer a generous 3-bedroom 2-bathroom apartment, all with ample parking. As the real estate cliche goes , a quality rental attracts a quality tenant. Located just minutes from schools, grocery stores, Shopping Centre, restaurants, and public transit. making this an incredible opportunity for any investor looking for a high-earning property with growth potential. "Ottawa's landmark new zoning by-law will legalize all six existing units on this oversized lot at 550 Guy St (N3B)!" (id:5764)

550 Guy Street, Ottawa

Listing courtesy of RE/MAX HALLMARK REALTY GROUP.

$1,149,000

4 Beds ⋅ 3 Baths ⋅ X13485034 MLS® #

Fully Vacant September 1st! The Glebe's most compelling value-add opportunity. Just steps from Lansdowne Park and Bank Street, this classic century triplex offers immediate upside in one of Ottawa's strongest rental markets. Two units are vacant and move-in ready, creating a rare opportunity to establish market rents from day one. The lower-level 1-bedroom unit is tenant-occupied and features a private rear walkout and dedicated parking, with vacant possession available September 1, 2026. The freshly painted main-floor 1-bedroom unit and upper 2-bedroom unit with loft, skylights and south-facing deck provide exceptional flexibility for investors or owner-occupiers. Additional features include three separate hydro meters, three parking spaces, two new 2024 hot water tanks, a newly built two-tier rear deck and strong transit connectivity. With 1-bedroom units in the neighbourhood consistently achieving premium rents and enduring demand driven by the Glebe's unmatched walkability and amenities, this is a turnkey investment with immediate income growth potential. (id:5764)

60 Clarey Avenue, Ottawa

Listing courtesy of ROYAL LEPAGE INTEGRITY REALTY.

$1,499,000

8 Beds ⋅ 4 Baths ⋅ X13481958 MLS® #

Rare CM1 Corridor Opportunity in Overbrook - a property with options today and possibilities for tomorrow. Situated on a 61' 117' lot, this unique offering combines land, flexible zoning, and an existing income-producing building in one package.Designed for buyers looking beyond a traditional investment property, CM1 zoning permits a wide range of residential and commercial uses. Explore possibilities such as operating your own business while generating rental income, creating a live/work or mixed-use concept, optimizing the current residential layout, or planning for future opportunities (subject to buyer due diligence and approvals).The existing detached four-unit building features two spacious 3-bedroom units and two 1-bedroom units, offering immediate utility while you determine your long-term vision. Unlike many properties, the owner occupies one unit and has intentionally kept the remaining units vacant - providing rare flexibility to renovate, establish market rents, select tenants, redesign, or reposition.Additional highlights include five separate hydro meters, parking for multiple vehicles, excellent exposure on Donald Street, transit access, and proximity to downtown Ottawa, St. Laurent Centre, Vanier Parkway, shopping, services, parks, and employment hubs.Whether you are an entrepreneur, investor, or developer - renovate, reposition, or reimagine. A rare opportunity to secure a CM1 corridor property where your vision determines the future. (id:5764)

294 Donald Street, Ottawa

Listing courtesy of DETAILS REALTY INC..

$789,900

X13482170 MLS® #

Prime redevelopment and value-add opportunity in the heart of Ottawa's Little Italy. Existing triplex with approved plans and supporting consultant reports for conversion to a mixed-use building consisting of a ground-floor commercial unit and two residential units above. Extensive pre-development work has been completed, including architectural drawings, structural review, Hydro Ottawa clearance review, mechanical design and permit-related submissions. Purchasers benefit from significant time savings by acquiring a project that has already progressed through the planning and design process. The proposed design retains the existing structure while introducing a modern mixed-use layout suited for retail, professional office, service commercial or similar permitted uses. Rear parking available. Located within one of Ottawa's most established urban corridors, minutes from Dow's Lake, the future Ottawa Senators arena district, Chinatown, the Rideau Canal, public transit and major employment nodes. An excellent opportunity for builders, contractors, investors and owner-operators seeking a manageable urban infill project with substantial due diligence already completed. (Renderings depict a conceptual representation of the proposed redevelopment) (id:5764)

185 Preston Street, Ottawa

Listing courtesy of RIGHT AT HOME REALTY.

$2,250,000

X13481460 MLS® #

Rare opportunity to acquire a meticulously restored and fully furnished 5-plex in the heart of Ottawa. Originally constructed around 1900, this stately red-brick property seamlessly blends historic character with extensive modern upgrades, creating a turnkey investment opportunity. Vacant and ready for immediate occupancy, investors can set market rents from day one, while owner-operators have the flexibility to live in one suite and rent the others. The building showcases timeless architectural details, including original hardwood floors, grand staircases, decorative fireplaces, soaring ceilings, oversized windows and period millwork, all thoughtfully preservd and complemented by tasteful updates throughout. Each suite is beautfully appointed and fully furnished, offering a move-in-ready exerience for tenants or short-term rental operators. Extensive improvements have already been completed, leaving virtually nothing to do but collect income. The property features updated kitchens and baths, modern finishes, well-maintained mechanical systems, attractive common areas, and exceptional curb appeal. Multiple balconies and outdoor sitting areas enhance the living experience, while the impressive corner-lot presence reflects the property's rich heritage. A rare bonus in this central urban location is the abundance of on-site parking, with space for 5+ vehicles, providing exceptional convenience for residents and guests alike. Situated within walking distance of Ottawa's vibrant downtown core, restaurants, cafes, shopping, transit, parks and major employment hubs, ideal for investors! Whether your vision is long-term rentals, furnished executive suites, multi-generational living, or a hybrid investment strategy, this exceptional property offers flexibility, character, and income potential in one of Ottawa's most sought-after locations. A true turnkey heritage investment-fully furnished, vacant, beautifully updated and ready for its next chapter! (id:5764)

64 Delaware Avenue, Ottawa

Listing courtesy of ROYAL LEPAGE TEAM REALTY.

$1,500,000

6 Beds ⋅ 3 Baths ⋅ X13481074 MLS® #

Located in the heart of Centretown, Ottawa, 455 Metcalfe presents a rare opportunity for investors and owner-occupants alike. This renovated triplex features three vacant units, offering immediate occupancy or the flexibility to select your own tenants at current market rates. Ideally situated just minutes from downtown, the Canadian Museum of Nature, schools, shops, restaurants, public transit, and all essential amenities. The property also offers multiple on-site parking spaces. A versatile investment in a highly sought-after neighbourhood with excellent income and long-term appreciation potential. (id:5764)

455 Metcalfe Street, Ottawa

Listing courtesy of RE/MAX HALLMARK REALTY GROUP.

$1,695,000

6 Beds ⋅ 3 Baths ⋅ X13481410 MLS® #

Huge lot! This perfect Hintonburg location tri-plex investment and development property. $107,000 gross income, ~$87000 net. Strong ~5.2% cap rate. Unlike other buildings all the major interior/exterior updates and utility replacement expenses ($350k) have been completed in last few years ! Rear build zone is ~75x50ft. Enjoy an updated, excellent cash flow property to keep it while you plan the expansion. Currently the building has 6 parking spots. All 3 units have their own private outdoor patios! Garage has 3 units - 1 double - 1single and man door storage. (id:5764)

32 St Francis Street, Ottawa

Listing courtesy of COMFREE.

$1,696,000

X13477716 MLS® #

This majestic Victorian classic is beautifully situated upon a prime 58 ft lot at 475 MacLaren. One of the finest streets in downtown Ottawa with a delightful canopy of trees and remarkable properties of architectural distinction - just half a block East of Dundonald Park. Originally built for Canada's first Postmaster General, now comprises five impressive, renovated one- and two-bedroom rental suites. Family-owned all these 38 years. Thoughtfully upgraded, meticulously maintained, and built to endure. This turn-of-the-century property features a mix of high ceilings, hardwood floors, and beautiful art deco heating radiators throughout and as it stands blends historic charm with modernized building systems. Major upgrades include renovated kitchens and baths with granite, ceramics and stainless steel appliances; quality fibreglass-framed windows; updated electrical wiring and panels; replacement plumbing stacks; interior foundation treatment (2018); stone foundation repointing (2019); boiler (2001); two hot water tanks in parallel (2015 & 2025); roofing (2005 & 2016); five hydro meters; hardwired smoke detectors; tenant lockers; storage and garbage sheds; and seven window A/C units. Unit 1 is an exceptionally spacious two-bedroom suite offering a gas fireplace, wood-burning fireplace in the living room, five-piece ensuite, in-unit laundry and private deck. Residents enjoy a welcoming veranda, lobby, balconies, patios and deck areas. The lower level provides shared coin-operated laundry, private storage lockers and workshop space. Parking accommodates three or more vehicles in tandem. The grounds are attractively landscaped with generous side and rear yard amenities. The investment fundamentals are compelling, with an NOI of $70,000 and plenty of room. Just steps from Somerset Street, Bank Street, Parliament Hill, LRT transit, cycling infrastructure, restaurants, cafés, shopping, grocery stores and everyday conveniences .Well worth a discussion and site visit. (id:5764)

475 MacLaren Street, Ottawa

Listing courtesy of LPT REALTY.

$1,425,000

X13477544 MLS® #

Exceptional opportunity to own a turnkey 5-unit income property in sought-after Rideau Gardens, just steps from the scenic Rideau River and Brighton Beach Park. The building offers a unit mix of four 1-bedroom apartments and one spacious 4-bedroom unit, appealing to a wide tenant base. Four of the five units are tastefully renovated, making this a true turnkey investment at a 6.3% CAP rate! One of the 1-bedroom units can be vacant upon possession, providing flexibility for an owner-occupier or the opportunity to set market rent. Located in a quiet, established neighborhood with easy access to parks, pathways, transit, and amenities, the property also features parking for five vehicles - a rare and valuable bonus in this prime location with spectacular views from large balconies. A strong, income-producing asset in one of Ottawa's most desirable river-adjacent communities (id:5764)

42 Brighton Avenue, Ottawa

Listing courtesy of EXP REALTY.

$789,900

X13477190 MLS® #

Prime redevelopment and value-add opportunity in the heart of Ottawa's Little Italy. Existing triplex with approved plans and supporting consultant reports for conversion to a mixed-use building consisting of a ground-floor commercial unit and two residential units above. Extensive pre-development work has been completed, including architectural drawings, structural review, Hydro Ottawa clearance review, mechanical design and permit-related submissions. Purchasers benefit from significant time savings by acquiring a project that has already progressed through the planning and design process. The proposed design retains the existing structure while introducing a modern mixed-use layout suited for retail, professional office, service commercial or similar permitted uses. Rear parking available. Located within one of Ottawa's most established urban corridors, minutes from Dow's Lake, the future Ottawa Senators arena district, Chinatown, the Rideau Canal, public transit and major employment nodes. An excellent opportunity for builders, contractors, investors and owner-operators seeking a manageable urban infill project with substantial due diligence already completed. (Renderings depict a conceptual representation of the proposed redevelopment) (id:5764)

185 Preston Street, Ottawa

Listing courtesy of RIGHT AT HOME REALTY.

$4,390,000

23 Baths ⋅ X13475228 MLS® #

Exceptional opportunity to own a brand-new, purpose-built 8-unit multi-residential building in one of Ottawa's most connected, supply-constrained rental corridors. Completed in 2025 and offered fully turn-key, 14 Stevens Avenue delivers the rare combination today's investors seek: zero deferred maintenance, modern energy-efficient systems, and a diversified income stream across fifteen bedrooms. Each of the eight self-contained 2-level suites is finished to a trophy standard - engineered oak flooring, quartz kitchen countertops, stainless steel appliances, marble-tiled bathrooms, in-suite laundry, and private balconies in the upper units. Individually metered suites and owned tankless hot water keep operating costs low and turnover simple, while ductless heat-pump systems provide efficient year-round heating and cooling. Well-proportioned one- and two-bedroom layouts appeal to a deep tenant pool. Located steps from the Rideau River, Riverain Park and Loblaws, and minutes to the University of Ottawa, St. Paul University, downtown offices, Montfort Hospital, the Rideau Centre and Parliament, the setting underpins low vacancy and steady rent growth. Transit and the St. Laurent Shopping Centre are close at hand. Set on a 4,977 sq ft lot (49.94' x 99.65') and newly-zoned N4B, this is a true core-plus asset built for long-term performance and appreciation. With strong projected net operating income and clear built-in rental upside as suites turn over, it is ideally suited to private investors and portfolio buyers seeking a low-maintenance, new-construction building in a proven Ottawa neighbourhood. A full financial package, rent roll and private tour are available to qualified parties upon execution of a confidentiality agreement. Don't miss this rare chance to acquire a modern, income-generating landmark in Canada's capital. (id:5764)

14 Stevens Avenue, Ottawa

Listing courtesy of LPT REALTY.

$974,900

5 Beds ⋅ 4 Baths ⋅ X13470236 MLS® #

"Walkable Lifestyle. Reliable Investment." On one of most desirable urban streets, just steps from the Rideau Canal and moments to the cafés, restaurants, boutiques, and everyday conveniences of Golden Triangle and Elgin Street, this brick house ( presently 3 units) presents a rare opportunity for both investors and future owner-occupiers a like. The building showcases attractive heritage-inspired brick detailing. Fully rented and excellent tenant's. Set on a quiet residential street lined with attractive homes and long-term neighbors, the property benefits from a location that continues to attract high-quality tenants seeking an urban lifestyle centered around walkability, green space, and community connection. The building comprises well-rented units with excellent tenants currently in place, generating annual rental income of $58,284.00. with approximately $20,866.67 in yearly expenses ( includes snow removal ). Rear laneway access provides parking and year-round convenience, with the lane maintained and plowed in winter months. Beyond the existing income potential, the property also offers long-term upside and flexibility. Whether maintained as a stable investment property, gradually updated to further enhance revenue potential, or eventually reimagined as a future owner-occupied residence with income support, the combination of location, lot size, brick construction, and neighborhood demand creates a compelling opportunity for growth over time. With a 30 x 93 ft lot, rear lane access and one of Ottawa's most walkable urban settings, this is the kind of property that rarely loses relevance - a smart investment today and an exciting opportunity for the future. 3 units - one per floor - 3rd floor unit access at rear . Rear Lane allows for easy access -3 car parking. As well a shared right of way driveway with 89 Waverley. .Zoning N4B(478) Showing times 24 hour notice. (id:5764)

85 Waverley Street East, Ottawa

Listing courtesy of ENGEL & VOLKERS OTTAWA.

Investor's Corner: Multi-Family Properties