54 Centennial Boulevard, Ottawa
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. (id:1945)
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Property details for 54 Centennial Boulevard, Ottawa
- Type
- Multi-family
- Bedrooms
- 10
- Bathrooms
- 6
- Lot Size
- 176.3 FT
- Stories
- 3
- Basement
- Apartment in basement, N/A
- Parking
- Detached Garage, Garage
- Heating
- Radiant heat, Natural gas
- Cooling
- None
- Exterior
- Brick
- Annual Taxes
- $15,678 (2025)
Nearby Listings Stat
Estimated price and comparable properties near 54 Centennial Boulevard
Active Listings
1
Min Price
$1,850,000
Max Price
$1,850,000
Avg Price
$1,850,000
Days on Market
154
days
Sold Listings
0
Min Sold Price
$N/A
Max Sold Price
$N/A
Avg Sold Price
$N/A
Days until Sold
N/A
days
Neighbourhood Census Data
Ottawa, Ontario
Population
540
Median Age
43.1
Median Income
$63,872
Dwelling Value
$600,822
Housing Tenure
Owners 91%
Renters 10%
Age Distribution
Dwelling Types
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 2.6
Pop. Density: 4,825.7/km²
Avg Shelter Cost: $1,673/mo
Owners with Mortgage: 55.3%
Owners Spending 30%+: 13.2%
Tenants Spending 30%+: 0%
English only: 48.1%
French only: 0.9%
English and French: 51.9%
Median Household Income: $131,584
Median Employment Income: $54,144
Price History
Listed
April 20, 2026
by SLEEPWELL REALTY GROUP LTD
Current Price
$1,850,000
-2.6% from last change
Type
Multi-family
For Sale
Price Changes
1
| Date | Price | Change |
|---|---|---|
| Current | $1,850,000 | $50,000 (-2.6%) |
| Aug 31, 2026 | $1,900,000 | Listed |
