Salehian.com 647-325-5000

309 Cyr Avenue

3404 - Vanier, Vanier and Kingsview Park, K1L 7N6

$1,250,000

Reduced $125,000 from $1,375,000

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  • 8 bedrooms
  • 5 bathrooms
  • 5 parking
  • 3500-5000 sq ft

Listed 214 days ago · MLS® X12905856

About this home

Prime Investment Opportunity in Ottawa Turnkey 5-Plex with Excellent Returns: Welcome to 309 Cyr Avenue, an exceptional chance to secure a fully tenanted, income-producing 5-unit property in a desirable Ottawa neighbourhood. Whether you're an experienced investor or looking to grow your portfolio, this asset delivers reliable cash flow today with strong upside potential. This well-maintained 5-plex offers a versatile mix of spacious, updated units occupied by quality tenants. The exterior has been recently renovated, boosting curb appeal and minimizing capital expenditures in the years ahead. Inside, with room to further enhance rents and maximize income, this property has much upside potential. With steady income in place and under-market rents, this property is perfectly positioned for a new owner to unlock additional value through strategic updates and rental increases over time. Key Features: Five fully rented units with strong tenancy history; Newly renovated exterior low maintenance for years to come; Excellent location close to schools, transit, shopping, and Ottawas downtown core;; Opportunity to increase revenues and build long-term equity This is your chance to acquire a turnkey multi-unit property in one of Ottawas most robust rental markets. Properties of this calibre and income potential rarely become available. Don't wait, schedule your private tour today and see everything 309 Cyr Avenue has to offer! Contact the listing agent for full financial statements, rent rolls, and to arrange a confidential viewing.

Details

Type
Multiplex
Style
2-Storey
Age
51-99 years
Size
3500-5000 sq ft
Lot
64 × 96 ft
Basement
Full
Garage
None
Kitchens
5
Property tax
$8,759 (2025)
Neighbourhood
3404 - Vanier
Municipality
Vanier and Kingsview Park

Interior

Bedrooms
8 above ground
Bathrooms
5 × 3-piece (ground)
Rooms
30 above ground
Family room or den
No
Fireplace
No

Heating, cooling and services

Heating
Baseboard, Electric
Water and sewer
Sewer

Building and exterior

Style
2-Storey
Exterior
Brick, Aluminum Siding
Roof
Flat
Foundation
Concrete
Age
51-99 years
Faces
North

Parking

Total parking
5
Driveway and parking
Private

Lot

Size
64 × 96 ft

More

Possession
Immediate
Cross street
Montreal Road

Rooms

RoomLevelSizeFeatures
Living RoomMain3.35 × 2.13 m (11' × 7')
KitchenMain2.13 × 3.38 m (7' × 11'1")
BedroomMain3.35 × 2.44 m (11' × 8')
Bedroom 2Main3.35 × 3.05 m (11' × 10')
BathroomMain2.44 × 2.13 m (8' × 7')3 Pc Bath, 3 Pc Bath
DenBasement4.27 × 3.35 m (14' × 11')
LaundryBasement2.74 × 2.13 m (9' × 7')
Living RoomMain5.82 × 2.74 m (19'1" × 9')
KitchenMain1.86 × 3.67 m (6'1" × 12')
BedroomMain2.77 × 3.67 m (9'1" × 12')
BathroomMain2.44 × 1.53 m (8' × 5')3 Pc Bath
LaundryBasement4.3 × 2.77 m (14'1" × 9'1")
DenBasement3.97 × 2.77 m (13' × 9'1")
Living RoomMain2.76 × 4.59 m (9'1" × 15'1")
Dining RoomMain2.45 × 2.76 m (8' × 9'1")
KitchenMain2.29 × 2.44 m (7'6" × 8')
BedroomMain3.36 × 3.06 m (11' × 10')
BathroomMain2.74 × 3.36 m (9' × 11')3 Pc Bath
Bedroom 2Second3.67 × 4.9 m (12' × 16'1")
Living RoomMain4.59 × 3.05 m (15'1" × 10')
Dining RoomMain2.45 × 4.28 m (8' × 14'1")
KitchenMain2.44 × 2.44 m (8' × 8')
BathroomMain2.75 × 3.35 m (9' × 11')3 Pc Bath
BedroomMain2.75 × 3.67 m (9' × 12')
DenMain3.38 × 2.45 m (11'1" × 8')
Living RoomSecond3.69 × 3.38 m (12'1" × 11'1")
Dining RoomSecond1.84 × 2.44 m (6' × 8')
KitchenSecond3.69 × 3.06 m (12'1" × 10')
BathroomSecond1.52 × 2.16 m (5' × 7'1")3 Pc Bath
BedroomSecond3.66 × 3.96 m (12' × 13')
Bedroom 2Second3.66 × 3.38 m (12' × 11'1")

History of this address

1 earlier listing at this address, with sold and leased prices. Create a free account or sign in to see them.

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

See what similar homes within 1 km sold for in the last year. Create a free account or sign in to see them.

The neighbourhood

Getting around Very walkable

  • 🚇 Tremblay LRT2.0 km
  • 🚇 Lees LRT2.0 km

Within a 10-minute walk: 2 grocery stores, 21 cafés and restaurants, 13 parks, 9 pharmacies. Nearest grocery: Green Fresh (200 m). Nearest park: Émond Park (350 m).

Schools nearby

Elementary

  • Assumption School Catholic
    EQAO: Gr 6 reading 96%, math 26%    3 min walk
  • Horizon-Jeunesse Catholic Elementary School Catholic
    EQAO: Gr 6 reading 98%, math 71%    5 min walk
  • École élémentaire publique Mauril-Bélanger French
    EQAO: Gr 6 reading 79%, math 30%    6 min walk
  • Programme de langue internationale à l'élémentaire10 min walk

Secondary

  • Éducation sans frontiers - éte10 min walk
  • Éducation permanente11 min walk
  • Continuing Education11 min walk

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area K1L

Owners / renters
33% / 67%
Median household income
$63,200
Average age
43
Children under 15
11%
Homes
13% detached, 23% high-rise
Commute by transit
19%
Population
18,213

Languages spoken most at home besides English: Arabic 1.7%, Spanish 1.1%, Portuguese 0.7%, Haitian Creole 0.6%.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario).

Living here

Commute

To downtown Ottawa: 3 km. Transit times · Driving times

Noise Nothing major nearby

No highway within 500 m, rail line within 300 m, or airport flight path nearby.

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Short-term rentals

Only in your principal residence (whole home or part of it), with a City host permit. Rural cottage rentals have a separate permit.

City rules

Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by SUTTON GROUP - OTTAWA REALTY.

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

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