Quick Multi-Unit Property Search

Investor's Corner: Multi-Family Properties

Listed below you will see multi-family investment properties for sale. If you want a comprehensive report featuring a thorough financial breakdown or would like a personal tour, please contact us today. If you would like to see YOUR income property listed below, please give us a call at (613) 884-5544 to receive a personal in-home consultation or click here to get your FREE home analysis.

$429,000
4 Beds 3 Baths X13137446 MLS® #
Located in the heart of charming Smiths Falls, this exceptional duplex presents an incredible opportunity for investors, multi-generational living, or owner-occupants looking to offset their mortgage with rental income. Just steps from downtown shops, restaurants, parks, schools, and amenities, this centrally located property offers the perfect blend of convenience, flexibility, and long-term potential. The spacious front unit features an impressive two-storey layout with 3 large bedrooms and 1.5 bathrooms, offering the feel and function of a full family home. Bright, generous living spaces and a practical floor plan make this unit highly desirable for families or professional tenants alike. Tucked privately at the rear of the property is a well-appointed two-storey 1-bedroom plus den unit, ideal for singles, couples, or a home office setup. The rear unit is currently vacant, creating a fantastic opportunity to set your own rents, select new tenants, or occupy either unit yourself. Both units are fully self-contained and highly functional, each offering in-unit laundry, separate hydro meters, separate gas meters, and individual forced-air gas furnaces - a rare and valuable feature that keeps operating costs streamlined and tenant responsibilities clearly divided. Whether you're expanding your investment portfolio, entering the real estate market with income support, or searching for a versatile property in a growing community, this duplex checks all the boxes. Opportunities like this - with one unit already vacant and unbeatable walkability - are hard to find in today's market. (id:5764)

114 Main Street East, Smiths Falls

Listing courtesy of CENTURY 21 SYNERGY REALTY INC.

$825,000
4 Beds 2 Baths X13136896 MLS® #
Situated on an oversized 66' x 88.5' double lot in the heart of Vanier, this rare purpose-built side-by-side duplex offers a unique combination of existing rental income and exceptional future development potential. Zoned R4UA, the property is uniquely configured with the entire duplex situated on one half of the lot, leaving the other half as largely vacant land - an increasingly rare opportunity in Ottawa's urban core. This highly flexible layout creates exciting possibilities for future intensification, redevelopment, expansion, or potential severance opportunities (buyer to verify with the City of Ottawa).The duplex consists of two 2-bedroom, 1-bathroom units, each with separate entrances and independently metered electrical service, separate hot water tanks, and separate washers and dryers. Current rents are well below market value, offering attractive future income upside, while the month-to-month tenancy structure provides flexibility. Whether you are seeking a strategic land holding opportunity, an income-producing property with substantial redevelopment possibilities, or a prime urban infill site with holding income already in place, 228 Carillon Street offers a rare range of options in one of Ottawa's rapidly evolving neighbourhoods. Ideally located close to downtown Ottawa, Beechwood Village, transit, parks, schools, shopping, and everyday amenities, this is a compelling opportunity for buyers looking to capitalize on the continued growth and intensification of the area. Vendor take-back mortgage (VTB) may be considered. (id:5764)

228 Carillon Street, Ottawa

Listing courtesy of ROYAL LEPAGE PERFORMANCE REALTY.

$1,899,999
X13124998 MLS® #
Recently fully Renovated property 118 Rochester Street presents an excellent opportunity to acquire a well-maintained purpose-built sixplex in the heart of Ottawa's sought-after West Centretown/Chinatown neighbourhood. Ideally located within walking distance to Little Italy, Bayview Station, transit, restaurants, shops, and numerous amenities, this property offers both stable in-place income and significant long-term upside potential.The building consists of six spacious two-bedroom units with functional layouts, many featuring hardwood flooring, large windows, and excellent natural light throughout. Each unit benefits from private outdoor space, including front balconies and rear decks. Separately metered hydro allows tenants to pay their own electricity, helping reduce operating expenses. The property also features a large shared laundry area and individual tenant storage lockers in the basement.Mechanically, the building has been well maintained with a gas-fired radiant heating system serviced by a newer boiler (2015). Recently Renovated - Major updates to roof, windows, plumbing, and electrical improvements completed. Fire retrofit documentation is on file. A new rear staircase/fire escape has recently been constructed, with minor remaining work associated with completion of a firewall as required through a granted minor variance.The property offers considerable rental upside through future turnover and operational optimization, presenting investors with a strong opportunity to increase NOI and overall asset value over time. Historically low vacancy in this highly desirable rental pocket further supports the long-term stability of the investment. A previous buyer completed a Phase I Environmental Site Assessment (ESA). Fully Renovated. Additional information available upon request. Buyer to Confirm All Details and Measurements. (id:5764)

118 Rochester Street, Ottawa

Listing courtesy of EXP REALTY.

$1,049,000
5 Beds 5 Baths X13121126 MLS® #
Exceptional investment opportunity in the heart of beautiful Perth. Welcome to 19 North Street - a charming and extensively updated fourplex offering the rare combination of strong income potential, owner-occupier flexibility, and future upside.With two of the four units set to be vacant upon possession, this property presents an excellent opportunity for investors to secure market rents, or for buyers seeking a live-in investment property with mortgage-supporting income. The versatile layout also offers strong multigenerational living potential with separate yet connected living spaces.Set on a picturesque street just moments from Perth's vibrant downtown core, this well-maintained multi-residential property has seen substantial improvements over the years, including updated windows, roofing, exterior painting, landscaping, flooring, appliances, and extensive unit renovations totalling over $240,000 in improvements. Several units offer updated kitchens and bathrooms, bright living spaces, private entrances, verandas, outdoor areas, and in-unit laundry access, creating highly desirable rental accommodations.Perth continues to stand out as one of Eastern Ontario's most sought-after small towns for residential investment. Known for its heritage charm, boutique shopping, excellent restaurants, waterfront parks, and strong sense of community, Perth attracts a steady mix of professionals, retirees, commuters, and tenants seeking quality housing outside larger urban centres. Its proximity to Ottawa, combined with limited rental inventory and continued demand for housing, makes this an attractive long-term investment opportunity with strong tenant appeal and future appreciation potential.Whether you're expanding your investment portfolio, entering the multi-unit market, or looking for a property that allows you to live comfortably while generating income, 19 North Street offers flexibility, character, and exceptional potential in one of Ontario's most admired small towns. (id:5764)

19 North Street, Perth

Listing courtesy of REMAX BOARDWALK REALTY.

$949,000
4 Beds 3 Baths X13111490 MLS® #
A solid brick, income-producing non-conforming triplex situated on a generous 6,717 sq ft lot with Mainstreet zone 1 (MS1) zoning, allowing a range of commercial uses and unlocking significant future development potential. The property is fully tenanted; however, two tenants have provided notice. Units are actively being re-leased but vacant possession could be arranged.The building has been well maintained, with major upgrades completed in 2011, including plumbing, electrical, windows, kitchens, and bathrooms. Additional improvements include a sprinkler system, spray-foam insulation in the basement, and two new high-efficiency furnaces installed in 2025. Flooring consists of hardwood, and tiling. The property offers two driveways, ample parking, and a large rear yard extending behind the adjacent property. With 70 feet of frontage, the site may support further development. Located just off Merivale Road, this is a prime position near the Westgate Mall redevelopment, with easy access to public transit, the bicycle path running along the Experimental Farm to Carleton University, and shopping along Carling and Merivale. An excellent addition to any portfolio, with strong income today and compelling upside in a rapidly regenerating neighbourhood. 24-hour notice required for showings. Units : One 3-storey, 1-bedroom townhouse-style unit with private entrance and fenced yard. Currently listed at $1,695/month. The third floor offers potential to dormer for additional bedroom space. One 2-storey, 2-bedroom apartment currently rented at $1,900/month. One main-floor bachelor apartment rented at $1,375/month. Expenses - Insurance: $3,655.00, Taxes: $4,680.27, Hydro: $390.22, Gas: $919.08, Water: $1,485.01 *Some photos have been virtually edited to remove personal items and reduce clutter* (id:5764)

1308 Shillington Avenue, Ottawa

Listing courtesy of COLDWELL BANKER SARAZEN REALTY.

$984,900
6 Beds 2 Baths X13112682 MLS® #
Welcome to 57 Lees Avenue - a rarely offered three-storey all-brick duplex in the heart of Old Ottawa South. This versatile and well-maintained investment property offers strong income potential with approximately $71,760 per year in gross rental income, while also presenting an excellent opportunity for owner-occupants seeking additional rental revenue.A shared front foyer provides access to both self-contained units. The main level features a spacious 2-bedroom unit offering hardwood flooring, high ceilings, an oversized kitchen with ample storage and workspace, an updated bathroom, private laundry, and direct side-door access to the backyard.The upper unit spans the second and third floors and offers an expansive 4 bedroom layout. This bright and updated space includes a renovated kitchen, private laundry, generous living areas, and a unique upper loft level with an additional flex room - ideal for larger households and flexible rental arrangements. Both units include separate parking spaces and private laundry, adding convenience and long-term tenant appeal. Ideally located within walking distance to the Rideau Canal,University of Ottawa, Main Street, Elgin and Lansdowne. This property is perfectly positioned near transit, parks, shops, and everyday amenities. Major updates include roof shingles (25-year shingles), Energy Star windows and skylights, air conditioning (2021), and a remodel of the second unit completed in 2019. A rare opportunity to own a character-filled multi-unit property in one of Ottawa's most desirable central neighbourhoods. Some photos were taken prior to tenant occupancy and certain photos have been digitally altered. (id:5764)

57 LEES Avenue, Ottawa

Listing courtesy of THE AGENCY OTTAWA.

$1,699,900
X13107874 MLS® #
369 Lafontaine Avenue is a purpose-built sixplex ideally located just minutes to downtown Ottawa, shopping, transit, restaurants, and everyday amenities. The property features six spacious two-bedroom units with modern kitchens, quartz counter tops, stainless steel appliances, updated bathrooms, in-suite laundry, and energy-efficient heat pumps with A/C. Gas and water are included, while tenants pay their own hydro. The convenience of in-suite laundry and efficient heating and cooling systems continues to attract strong tenant demand over competing rental properties. Extensive professionally completed renovations and capital improvements were completed in 2021, including updated suites, common areas, windows, doors, attic insulation, partial foundation waterproofing, parking lot resurfacing, and security improvements. The property is equipped with security cameras above each unit entrance and throughout the rear parking area. A strong management team is already in place, keeping the building running efficiently while consistently achieving market rents. Recent leasing activity and reduced waste management costs have increased the NOI from $91,130 to approximately $93,481, with further upside if self-managed. This fully renovated sixplex now offers improved income, strong tenant demand, and an attractive turnkey investment opportunity. Contact today for more information or to book your private showing. (id:5764)

369 Lafontaine Avenue, Ottawa

Listing courtesy of EXP REALTY.

$1,685,000
8 Beds 4 Baths X13102090 MLS® #
Discover an exceptional opportunity to own a beautifully updated fourplex in the heart of downtown, just steps from the local university. This prime location offers unbeatable walkability, making it highly desirable for both tenants and owner-occupiers alike. The main floor features a stunning, owner-occupied three-bedroom residence, thoughtfully renovated to blend modern comfort with timeless character. Grand ceilings and expansive windows flood the space with natural light, creating an elegant and inviting atmosphere. Another feature of the main floor apartment is a spacious balcony overlooking the private patio exclusive to that apartment. Upstairs, you will find two well-appointed two-bedroom apartments and 1 - one bedroom apartment each tastefully updated to appeal to quality tenants. An additional feature is the oversized brand new deck offering ideal outdoor space overlooking the backyard. The 2nd floor apartment includes a private balcony overlooking the front. Whether you're looking to live in one unit while generating income or seeking a solid addition to your investment portfolio, this property delivers. With strong rental potential and opportunities to further optimize cash flow, savvy buyers can unlock increased net income and maximize return on investment. A rare blend of location, charm, and income potential-this is downtown multi-unit living at its finest. (id:5764)

289 Wilbrod Street, Ottawa

Listing courtesy of SOLID ROCK REALTY.

$1,399,900
8 Beds 4 Baths X13105004 MLS® #
350 Fifth Avenue offers a rare opportunity to own a legal triplex with a bonus non-conforming bachelor suite in the heart of the Glebe, just steps from Carleton University, Lansdowne Park, and the Rideau Canal. This charming brick property features a versatile unit mix including two spacious 3-bedroom apartments, a 1-bedroom unit, and a self-contained bachelor suite in the basement. Three units are currently leased, generating stable income with Unit 1 rented at $2,500/month plus hydro, Unit 2 at $2,600/month plus hydro and inclusive of parking, and Unit 3 at $1,650/month plus hydro. Unit 4, the vacant bachelor suite, is currently being offered for lease at $1,100/month inclusive of utilities, providing flexibility for a new tenancy. The upper units showcase high ceilings, large windows, timeless architectural character, and private south-facing decks that tenants love. With the recent addition of central air conditioning, this is an excellent opportunity for investors seeking a quality multi-unit property in one of Ottawa's strongest rental and student housing markets. Additional income is generated through coin-operated laundry and parking. The property includes four hydro meters, a newly installed and owned high-efficiency furnace and on-demand hot water system (2025), newly installed central air conditioning, an owned coin-operated washer and dryer (2023), and four on-site parking spaces. An exceptional investment opportunity in one of Ottawa's most desirable and walkable neighbourhoods. (id:5764)

350 Fifth Avenue, Ottawa

Listing courtesy of EXP REALTY.

$3,200,000
11 Baths X13086832 MLS® #
Exceptional opportunity to acquire a trophy 8-unit multifamily asset in the heart of The Glebe, one of Ottawa's most coveted and supply-constrained urban neighbourhoods. This unrivaled location, steps to Lansdowne Park, Bank Street amenities, and major employment hubs, offers outstanding walkability and enduring rental appeal, supporting historically low vacancy and highly dependable income. Positioned minutes to downtown offices and between Ottawa's two largest universities, the property benefits from strong, consistent demand from both professionals and students. The building is FULLY LEASED and features an attractive unit mix of three 3-bedroom + 1.5-bath units, four 1-bedroom units, and one 2-bedroom unit, along with three on-site parking spaces. Each unit is separately metered with its own electrical panel, providing operational efficiency and tenant independence. The property has been professionally managed and well maintained, benefiting from thoughtful value-add upgrades, including updated kitchens and bathrooms with quartz countertops, stainless steel appliances, tiled backsplashes, and glass shower surrounds. Four units offer in-unit laundry and air conditioning. Major capital improvements include a new main boiler (2015), updated windows and exterior doors (2019), and upgraded electrical wiring and panels within each unit. In addition to stable in-place income, the asset offers over $30,000 in projected annual rental upside through continued unit turnover and optimization. A RARE, well-maintained core-plus investment in a high-barrier-to-entry location with strong fundamentals and long-term growth potential. (id:5764)

72 Fifth Avenue, Ottawa

Listing courtesy of REAL BROKER ONTARIO LTD..

$1,268,000
5 Beds 3 Baths X13080986 MLS® #
"Live beautifully while your investment works for you." A Rare Westboro / Hampton Park Triplex Opportunity this purpose-built brick triplex offers an exceptional investment opportunity in one of Ottawa's strongest rental markets. With stable income, quality tenants, and future upside potential, this is an ideal long-term hold in a premier urban location. "Live-In Investment Opportunity" The property features three spacious approximately 850 sq. ft. apartments with layouts that continue to attract quality tenants. Timeless character with modern updates: Built in the classic style of the 1950s, the units offer large principal rooms, separate dining rooms, original oak strip hardwood flooring, abundant natural light, and solid brick construction rarely found in newer buildings.All units have been meticulously maintained and updated over time. Renovated kitchens include modern cabinetry, updated fixtures and appliances, pantry storage, and space for breakfast seating. Bathrooms have also been updated while preserving the building's original character. Separate dining rooms provide flexibility for home offices or additional living space, further enhancing tenant appeal.Capital improvements and operational features include a newer boiler system, updated vinyl windows, separate hydro panels for each unit, sensor-controlled heating, shared tenant laundry, separate front and rear staircases, and three on-site parking spaces. The private fenced rear yard further adds to tenant desirability.Ideally located within walking distance to Richmond Road, Hampton Park Plaza, rapid transit, parks, restaurants, and shopping, the property benefits from consistently strong rental demand.Current gross annual income: $66,048 with potential for future rental growth and possible expansion opportunities under Ottawa's evolving intensification policies. A rare opportunity to acquire a well-maintained multi-unit asset in one of Ottawa's most sought-after neighbourhoods.24 hour notice require (id:5764)

543 Kirkwood Avenue, Ottawa

Listing courtesy of CENTURY 21 GOLDLEAF REALTY INC..

$769,000
6 Beds 4 Baths X13074104 MLS® #
The Ultimate Income-Generator & Modern Masterpiece! Welcome to a rare turnkey opportunity in one of the city's most sought-after neighbourhoods. Whether you are an investor looking for a high-yield property or a homeowner seeking a "mortgage helper" that doesn't feel like a basement, this beautifully renovated bungalow delivers on every front. The sun-drenched & sophisticated upper level features a sleek, modern aesthetic with high-end finishes and an open-concept layout. Large windows flood the space with natural light, highlighting the premium flooring and contemporary kitchen. This apartment offers 3 spacious bedrooms, a full modern bath and a 3 piece ensuite bath. Bonus: A fantastic, reliable tenant is already in place, providing immediate cash flow from day one. The lower level is a Legal, Luxury Secondary Suite. This isn't your average basement apartment. Fully legal, this bright 3-bedroom, 2 bath unit mirrors the quality of the upstairs. Currently vacant-perfect for a multi-generational family, or set your own "top dollar"market rent. Features a modern kitchen, egress windows for safety and light, and premium finishes throughout. Enjoy a massive rear deck perfect for summer BBQs, overlooking a fully fenced, private yard.Includes a sturdy shed for all your seasonal gear. No more juggling cars-the oversized driveway comfortably accommodates 4 vehicles. Situated in a quiet, family-friendly pocket where everything is at your doorstep. Steps from scenic parks, hiking trails, and the local arena. Minutes to top-rated schools,major shopping centres, and public transit for an easy commute. Properties with this level of finish and "Legal Suite" status are rare. With the upper tenant settled and the lower unit ready for occupancy, the math simply works. 24 hours notice for showings. (id:5764)

91 Sheldrake Drive, Ottawa

Listing courtesy of EXIT REALTY MATRIX.

$949,000
3 Beds 3 Baths X13069314 MLS® #
Welcome to 12 Lewis Street, this elegant all-brick duplex ideally located in Ottawa's prestigious Golden Triangle, where city living meets a quiet, established neighbourhood feel. Presenting a rare opportunity for investors, developers, renovators, or those seeking to craft their dream home in a prime location. Zoning Code N4B[478], this well-appointed property features two self-contained units, each thoughtfully designed with functional layouts and timeless appeal. Unit 1offers a warm and inviting space, featuring a comfortable living room with a wood-burning fireplace, a dining room, a well-appointed kitchen, a bedroom, and a full hallway bathroom. The unit also provides direct access to the rear yard, enhancing both convenience and livability. Unit 2 includes a bright and spacious bedroom with an additional den/closet area, a full bathroom, a kitchen with quartz countertops, and an open-concept living and dining area. This level also features a dedicated laundry closet and access to a private rear balcony, creating a comfortable and functional living space. The classic brick exterior and deep urban lot provide exceptional potential for renovation, redevelopment, or customization, allowing the next owner to maximize the property's value and versatility. Additional features include a private backyard, side driveway with off-street parking, and an unfinished basement, offering ample storage and further development potential. Ideally situated just steps from Elgin Street and within walking distance to the Rideau Canal, National Arts Centre, downtown Ottawa, University of Ottawa, Lisgar Collegiate, parks, bike paths, LRT access, and an outstanding selection of restaurants and cafés, this property offers an unparalleled urban lifestyle in a quiet, established setting. This property must be sold together with 8 Lewis St and 10 Lewis St. Property sold as is, where is. 24-hour irrevocable on all offers. (id:5764)

12 Lewis Street, Ottawa

Listing courtesy of ROYAL LEPAGE TEAM REALTY.

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