54 Centennial Boulevard

ActiveGlebe - Ottawa East and Area · 4405 - Ottawa East108 days on marketMLS® X13022410

$1,900,000

$365 / sq ft

Bedrooms0

Bathrooms0

Interior5,200 sq ft

TypeCommercial

ListingFor Sale

Days on Market108

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 structural crack remediation, 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.

Features & finishes

View

Air Conditioning

Basement

Property details

MLS® Number	X13022410
Status	Active
Listing Type	For Sale
Property Type	Commercial
Interior Size	5,200 sq ft
Beds / Baths	0 bed · 0 bath
Neighbourhood	4405 - Ottawa East
City	Glebe - Ottawa East and Area
Postal Code	K1S 0M9
Province	ON
Listed Date	April 20, 2026
Days on Market	108
Price per Sq Ft	$365
Brokerage	SLEEPWELL REALTY GROUP LTD