I don't have enough recent comparable sales to call this one's price, but price reduced $50k. Here's everything I've got on it — ask me anything.
Ottawa · Ottawa East
54 Centennial Boulevard
Multiplex
MLS® #X13022406
Listed for$1,850,000$1,900,000↓Price reduced from $1,900,000140 days on market
8+2 bed 6 bath 7 parking 3500-5000 sq ft~$435/sq ft
Price reduced $50K
140 days on market
Transit stop ~236.6 km
Free · about 10 seconds
Is $1,850,000 a fair price?
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Est. all-in monthly~$9,914/momortgage + property tax + maintenance · 20% down · example rate (compounded semi-annually) — the math on the list price, not a quote or what you can afford. For real rates, Alex can connect you with a mortgage pro.
Source: TRREB sold data via Repliers · all property types
Neighbourhood demographics — Ottawa
1,017,449Population (2021)
40Median age
$102,000Median household income
63.9%Home owners
36.1%Renters
2.5Avg household size
Source: Statistics Canada, 2021 Census
Description & details
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 $106,530.92 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.
The data only goes so far — condition, light and layout are worth seeing in person, with a home inspection, before you commit.
Listed by SLEEPWELL REALTY GROUP LTD. Showings via AskEmma by Alex Goodman, Sales Representative, RE/MAX Your Community Realty, Brokerage.
For sale
