Salehian.com 647-325-5000

54 Centennial Boulevard

4405 - Ottawa East, Glebe - Ottawa East and Area, K1S 0M9

$1,850,000

Reduced $50,000 from $1,900,000

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Listed 183 days ago · MLS® X13022410

About this home

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 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.

Details

Type
Investment
Lot
176.3 × ? ft
Garage
Single Detached
Property tax
$15,678 (2025)
Neighbourhood
4405 - Ottawa East
Municipality
Glebe - Ottawa East and Area

Heating, cooling and services

Heating
Gas Hot Water
Utilities
Yes

Building and exterior

Building area
5,200 Square Feet

More

Possession
TBD
Cross street
Centennial & Rideau Garden

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 Walkable

  • 🚇 Hurdman LRT1.2 km
  • 🚇 Lees LRT1.5 km

Within a 10-minute walk: 1 grocery store, 8 cafés and restaurants, 6 parks, 2 pharmacies. Nearest grocery: Urban Greens (950 m). Nearest park: Brantwood Park (400 m).

Schools nearby

Elementary

  • Lycée Claudel Private11 min walk
  • The Element Private15 min walk
  • Lady Evelyn Alternative School
    EQAO: Gr 6 reading 69%, math 38%    19 min walk
  • First Avenue Public School
    EQAO: Gr 6 reading 93%, math 67%    19 min walk

Secondary

  • Immaculata High School Catholic
    EQAO: Gr 9 math 55%, literacy test 87%    17 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 K1S

Owners / renters
51% / 49%
Median household income
$106,000
Average age
41
Children under 15
12%
Homes
30% detached, 28% high-rise
Commute by transit
13%
Population
31,257

Languages spoken most at home besides English: Mandarin 1.6%, Arabic 0.6%, Spanish 0.6%, Iranian Persian 0.4%.

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.

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

Listed by SLEEPWELL REALTY GROUP LTD.

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

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