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.

$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 $72,000 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.

$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.

$2,575,000
8 Beds 6 Baths X13467972 MLS® #
Previously listed as 2 seperate properties, now combines 6 unit apartment building AND adjacent parking lot. The building is a fully renovated 6 plex apartment building on storied Acacia Ave at the entrance to Rockliffe Park. The price now includes parking for 6 cars, in a parking lot that is 2738sq ft. Parking lot has been severed and is zoned RUD4, changing to H4B H(11) allowing a wide variety of commercial and residential permitted uses in a 4 storey envelope. The building itself was renovated 5 years ago, with new wiring and plumbing throughout; new kitchens, bathrooms and flooring; in-unit washer / dryers; fridge/stove/dishwasher/ microwave. Separate meters, tenants pay hydro; electric heat. Building features two 1 bdrm + den units; 4 one bdrm units. All units have private balconies and / or green space. Annual Gross income = $143k, NOI = $118k. Units rent for $1,700-$2,200 / month. Tenants are younger / professionals. Recent survey available. Safe leafy neighbourhood where trendy New Edinburgh meets exclusive Rockliffe Park. Many funky / popular restaurants now dot the neighbourhood. Metro, Starbucks, BMO branch and LCBO are a 10-minute walk away; Pet Valu and Bridgehead coffee are around the corner; vet clinic down the street. Area is being re-developed and gentrified, attracting higher-end owners and renters. Surrounded by biking and jogging paths, and Rockliffe's secluded streets are great for joggers & dog walkers. Great location for renters and investors alike. (id:5764)

13 Acacia Avenue, Ottawa

Listing courtesy of DIGI BROKERAGE.

$1,249,000
7 Beds 4 Baths X13463472 MLS® #
Introducing 560 Queen Mary Street, an extraordinary legal duplex nestled in the prestigious Castle Heights community, offering nearly $65,000 in annual rental income. Recently constructed, this property exemplifies refined craftsmanship with soaring 12-foot ceilings on the main floor, 9-foot ceilings on the second level, and impeccable high-end finishes throughout. The main residence spans an impressive 2,645 sq. ft. ft. of thoughtfully designed living space. It features a custom chef's kitchen, elegant open-concept living and dining areas centered around a cozy fireplace, and seamless access to a private rear deck. In addition to four generously sized bedrooms, the main unit also includes a versatile extra bedroom or private office, ideal for today's lifestyle. The luxurious primary suite is complete with a spa-inspired en suite, walk-in closet, and an expansive walk-out balcony. The lower-level apartment offers a beautifully appointed two-bedroom suite with 9-foot ceilings and upscale finishes, perfect as a high-quality rental or for extended family living. This property also presents the flexibility to reside in one unit while collecting income from the other, creating an exceptional opportunity for both homeowners and investors alike. Located just minutes from St. Laurent Centre, 560 Queen Mary enjoys unmatched convenience with excellent schools, shopping, restaurants, parks, and public transit all within easy reach. A rare combination of luxury, versatility, and income potential in one of Ottawa's most desirable neighborhoods. 562 Queen Mary St also for sale (id:5764)

560 QUEEN MARY Street, Ottawa

Listing courtesy of COLDWELL BANKER FIRST OTTAWA REALTY.

$1,999,999
10 Beds 5 Baths X13458784 MLS® #
Exceptional Multi-Residential Investment Opportunity in the Heart of Merrickville Located in one of Eastern Ontario's most charming communities this purpose-built five-unit apartment building offers investors an outstanding combination of stable income, modern construction, and virtually worry-free ownership. Situated minutes away from Merrickville vibrant downtown core, residents enjoy convenient access to boutique shopping, restaurants, cafés, galleries, and the historic Rideau Canal. Constructed two years ago, this attractive building has been thoughtfully designed with both tenant comfort and long-term ownership in mind. The property consists of five spacious two-bedroom apartments featuring contemporary layouts, quality finishes, and modern conveniences that continue to attract and retain excellent tenants. Each suite offers a bright, open-concept floor plan highlighted by soaring ceilings and generous living spaces that create an airy, welcoming atmosphere. Large windows allow for an abundance of natural light throughout the day, while modern electric fireplaces provide warmth, character. The kitchens are equipped with stainless steel appliances and ample cabinetry, seamlessly flowing into the dining and living spaces. In-suite laundry, spacious bedrooms, well-appointed bathrooms, and efficient floor plans that maximize functionality and comfort. Four of the five apartments feature private balconies, providing valuable outdoor living space. The property includes both indoor and outdoor parking accommodations. The building's low-maintenance design and relatively recent construction mean investors can focus on income generation rather than capital expenditures. All units are currently rented at market rates. The quality of the building, desirable suite layouts, and prime location contribute to strong tenant demand and excellent long-term rental prospects. (id:5764)

117 West Drummond Street West, Merrickville-Wolford

Listing courtesy of RE/MAX HALLMARK REALTY GROUP.

$2,250,000
6 Beds 5 Baths X13448840 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 truly 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 preserved and complemented by tasteful updates throughout. Each suite is beautifully appointed and fully furnished, offering a move-in-ready experience 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, cafés, 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 South, Ottawa

Listing courtesy of ROYAL LEPAGE TEAM REALTY.

$949,900
5 Beds 3 Baths X13434100 MLS® #
Fantastic opportunity for investors or owner-occupiers in a charming, family-friendly neighbourhood just a short walk to Britannia Beach, nearby bike paths, parks, and the future LRT station. This well-maintained duplex with a lower level in-law suite/apartment offers three separate living spaces, strong income potential, and the option to live in one unit while the other two help offset expenses. With 2258 of overall living space, the main floor and second floor units each offer approximately 805 sq. ft. with the same functional layout, featuring hardwood flooring, two bedrooms, a spacious living/dining area, kitchen with eat-in space and stainless steel appliances, plus a full bathroom. The lower level in-law suite/apartment includes a living room, kitchen with eat-in area, full bathroom, and bedroom. The lower and main apartments are currently rented out by fabulous paying tenants, making this a great turnkey opportunity. Each unit has its own access to the backyard, creating privacy and convenience for all occupants. The large backyard is a wonderful shared outdoor space with a spacious deck, patio with gazebo, two 10x10 sheds, additional side storage sheds, and a well-contained garbage area to help keep everything neat and tidy. The driveway offers parking for up to six vehicles. Additional features include three separate hydro meters and a lower-level laundry room with three dryers and one washer. Whether you are looking to expand your investment portfolio or live in one apartment while generating income from the others, this property offers flexibility, location, and excellent potential in the sought-after Britannia area. Shows well. Reach out for more details! Some photos virtually staged! (id:5764)

2709 DON Street, Ottawa

Listing courtesy of RIGHT AT HOME REALTY.

$1,125,000
5 Beds 3 Baths X13425212 MLS® #
Exceptional investment and owner-occupier opportunity featuring a desirable unit mix of two 1-bedroom suites and one spacious 3-bedroom suite, generating nearly $82,000 in annual gross rental income. Located in the heart of Sandy Hill, one of Ottawa's most sought-after rental markets, this well-maintained brick triplex is steps from the University of Ottawa, Strathcona Park, the Rideau River, downtown amenities, transit, restaurants, shopping, and entertainment. The property features a ground-floor 1-bedroom suite, an impressive 2-storey upper 3-bedroom suite with a large private balcony, and a rear-entry 2-storey 1-bedroom suite. All units offer in-suite laundry, while the property includes 2 on-site parking spaces. Unit 1 is currently vacant, providing valuable flexibility for a buyer to renovate and reposition the suite, increase future rental income, or occupy the unit themselves. The upper 3-bedroom suite is a standout feature of the property, offering exposed brick walls, hardwood flooring, spacious principal rooms, a bright open-concept layout, and a private balcony rarely found in income properties. Significant capital improvements include a new shingle roof in 2026 (flat roof age unknown, but membrane is in good condition), replacement of the main plumbing stack from the top floor to the basement, and a major foundation stabilization project along the driveway side. The work included excavation, foundation reinforcement, steel piling, waterproofing, drainage improvements, and restoration, representing a substantial investment in the property's long-term integrity. With separately metered hydro for each unit, strong existing rental income, and the added upside of a vacant 1-bedroom suite, this property offers an excellent combination of immediate income and future potential. A rare opportunity to acquire a character-filled income property with strong fundamentals and flexibility in the heart of Ottawa. (id:5764)

389 Daly Avenue, Ottawa

Listing courtesy of SLEEPWELL REALTY GROUP LTD.

$874,900
5 Beds 4 Baths X13414674 MLS® #
Welcome to 548 Guy Street. Custom built and thoughtfully designed by award-winning Colizza Bruni Architecture, this stunning 4 bedroom, 3 bathroom two-storey home offers modern living in the heart of Castle Heights. Less than 6 years old, this home showcases exceptional craftsmanship, a smart layout, and high-end finishes throughout. The main level features beautiful hardwood flooring and a bright, open-concept design ideal for both everyday living and entertaining. The chef-inspired kitchen is equipped with top-of-the-line stainless steel appliances, complemented by quality cabinetry and functional workspace. A spacious living and dining area creates a warm and inviting atmosphere. Upstairs, you'll find generously sized bedrooms designed for comfort and practicality, making this home ideal for growing families. A standout feature is the thoughtfully designed lower level, offering a separate entrance to a self-contained 1 bedroom, 1 bathroom suite. This property is a legal duplex, providing excellent potential for multigenerational living, rental income, or added flexibility. Located in the established and evolving Castle Heights neighborhood, the area offers a mix of character homes and newer infill developments, attracting families, first-time buyers, and investors alike. Enjoy close proximity to parks, schools, shopping, and everyday amenities, including the St. Laurent Shopping Centre, grocery stores, and convenient transit options. The neighborhood is known for its welcoming, multicultural community and practical lifestyle appeal. An excellent opportunity to own a newer, custom-built home in a central location. Also available: 546 Guy Street, which can be purchased together for added investment or multigenerational potential. (id:5764)

548 Guy Street, Ottawa

Listing courtesy of EXP REALTY.

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