$500,000 – $600,000 Multi-Family Homes For Sale

Ottawa, Ontario

Spacious duplex in the heart of downtown Ottawa, steps to the Rideau Canal and the many services and amenities on Elgin Street. The two level main floor 2 bedroom, 1.5 bathroom home @ $1,850/month (including hydro and water) features an open concept living/dining room with a wood burning fireplace and a second level family room. The upper unit one bedroom unit is rented @ $1,050/month (including water). Both tenants are on a month to month lease and wish to remain in their homes. Water cooled air conditioner. Lower level laundry facilities. One car parking. Many recent improvements including a flat roof replacement / skylight in 2025. Minimum 24 hours notice required for all showings. Showings only permitted Monday to Friday 10:00 am to 5:00 pm, Saturday & Sunday 10:00 am to 4:00 pm. Minimum 48 hour irrevocable required on all offers (POA out of the country). No representations or warranties as owner lives out of country. (id:66888)

Ottawa, Ontario

Renovated Vanier duplex, updated in 2017 with newer kitchens and bathrooms. Features two fully rented 3-bedroom units generating $4,128.97/month ($49,547.64 annually). Unit #1 rents for $1,938.41 + hydro; Unit #2 at $2,190.56 all inclusive.Annual expenses: Heat $2,225, water/sewer $2,617, insurance $3,601, snow removal $850, hydro $1,419 and property taxes $3,737. Total annual expenses: $14,449.Net annual income: $35,098.64 (id:66888)

Ottawa, Ontario

Live in one unit and rent the other, or rent out both! Welcome to 1185 Cobden Road, a Campeau-built brick bungalow set on a 100 x 50 ft lot backing onto Pinecrest Park. This home offers a fully legal secondary dwelling unit with separate entrances, separate hydro meters, and in-unit laundry in both units. The main-level unit features hardwood floors, three bedrooms, a full bathroom, and a large kitchen that opens to the living and dining areas, where a gas fireplace makes it easy to settle in on cold Ottawa evenings. A patio door leads out to the deck and backyard, offering the perfect spot to relax and enjoy warm summer days. Downstairs, the professionally built legal secondary dwelling unit offers three additional bedrooms, its own bathroom, a large modern kitchen with stainless steel appliances, an open living area, and a second fireplace. Outside, a fence creates a dedicated yard for each unit, and the two-door shed is partitioned so both units get their own storage. The extra-wide driveway accommodates 6 to 8 vehicles. Backing onto Pinecrest Park, the property offers convenient access to the park from the backyard, with the potential to add a gate to the existing fence. Just steps from the Pinecrest Recreation Complex and close to the IKEA plaza, College Square, Algonquin College, Big Rig, Bridgehead, the 417, and the upcoming Iris LRT station, this location keeps everything you need within easy reach. With both units vacant, possession is flexible, and N3C zoning adds future multiplex redevelopment potential. This is a home that gives you options today and room to grow tomorrow! (id:66888)

Ottawa, Ontario

Spacious 5-Bedroom Home in the Heart of Ottawa Multi-Gen Living or Duplex Potential! Welcome to a rare find in the heart of Ottawa, a beautifully updated 5-bedroom home that was originally designed as a duplex and can easily be converted back! Whether you’re dreaming of multi-generational living, income potential, or just need extra space, this property offers incredible flexibility in a prime central location. Currently enjoyed as a single expansive residence, the home features a thoughtfully integrated layout with 5 bedrooms, 2 full bathrooms including a 4-piece and a 3-piece, 2 full kitchens, and generous living space perfect for growing families or hosting guests. The dual kitchens make this home ideal for extended families, in-laws, or those considering a future rental setup. Step outside to your private backyard retreat, complete with a sun-filled deck perfect for entertaining, relaxing, or creating your own urban garden. Tucked away in a desirable Ottawa neighbourhood, you’re just minutes from top schools, parks, shopping, transit, and every amenity you could need. Live large as one home or easily reconfigure into two units the choice is yours. Whether you’re looking to offset your mortgage, accommodate extended family, or generate rental income, this one-of-a-kind property offers space, style, and opportunity. Don’t miss your chance to make it yours! (id:66888)

Arnprior, Ontario

Open House Saturday 2-4pm. Two homes for the price of one! Duplex 54 and 56 Williams Street. Live in One Unit, Rent Out the Other! Fantastic investment opportunity in the heart of Arnprior. This well-maintained two-storey duplex is ideal for first-time buyers looking to enter the market with built-in rental income. Each spacious unit features 3 bedrooms, 1 full bathroom, in-unit laundry, and dedicated parking. With a functional layout and solid rental potential, this property also suits multi-generational living or long-term investors. Set on a generous lot in a prime central location, you’re walking distance to schools, parks, shopping, and Arnprior’s popular restaurants and cafes.Across the street, enjoy direct access to the Algonquin Trail a 296 km multi-use trail perfect for biking, jogging, dog walking, snowmobiling or snowshoeing. A rare chance to own a versatile, income-generating property in one of Arnprior’s most desirable neighbourhoods. Great tenants in one unit. The other unit is vacant ready for immediate owner occupancy. (id:66888)

Smiths Falls, Ontario

INVESTOR OPPORTUNITY! Income-producing two-unit property offering strong current rental income, substantial recent capital investment and future value-add potential. The two fully renovated units generate $4,375/month in current gross rent, or $52,500 annually, with 0% current vacancy/credit loss and a history of rents being paid on time or early. Improvements and repairs over the past 3-4 years, including fully renovated units, new appliances, replacement windows, newer furnaces, plumbing improvements, basement sump pumps and additional updates.The 4-bedroom, 1.5-bath unit at 3 Mary features a fenced backyard, parking, unfinished basement and furnace installed in 2024. The 3-bedroom, 1.5-bath unit at 5 Mary offers a large fenced backyard, generous driveway parking, unfinished basement and furnace installed in 2024. Tenants pay gas and hydro directly, while lawn/yard maintenance and snow removal are tenant responsibilities.The property offers approximately $52,500 in current annual gross rental income and a 10.50% gross rental yield based on the 2024 appraised value of $500,000. Potential future upside may include rental optimization, additional property improvements and investigation of severance/land-use potential, subject to municipal approvals and due diligence.An excellent opportunity for investors seeking an established income-producing property with significant recent improvements and potential for further value creation. (id:66888)

Ottawa, Ontario

Prime multi-family investment opportunity in the heart of Vanier! This triplex features 3 functional units(two vacant, one lower level unit has a tenant) offering exceptional layout versatility and good rental potential. The primary main-level unit boasts 2 spacious bedrooms, full bath, kitchen, and dedicated living/dining areas. The two additional units each offer a comfortable 1-bedroom layout complete with full bath, kitchen, and living area. Situated just steps from local elementary and high schools, places of worship, parks, community centers, and vibrant shopping corridors. Commuter’s dream with quick access to public transit and major roadways straight to downtown Ottawa. Ideal for investors or owner-occupiers seeking income support! No conveyance of any written signed offers prior to Nov 16, 2026. 3 business days irrevocable open for acceptance, excluding Saturday, Sunday and holidays (id:66888)

Cornwall, Ontario

Are you looking for a wonderful property with a great income? Look no further. This 5-plex is centrally located near the St. Lawrence and all its amenities, including the mall, bus routes, and local shops. While originally built in 1986, the property has been well-maintained with a brick exterior makeover, new roof shingles in 2020, and new sidewalks on the corner and west side. The building features two larger units on the ground floor with spacious living rooms and kitchens, plus three units on the upper level, one of which has been recently renovated. Each unit has a separate hydro meter. New tenants can be signed as rent + hydro (one upper unit is already paying their own hydro). Hot water is provided by a cost-saving, gas, on-demand system. Each unit includes its own laundry hookups, with the exception of one upper unit. There 4 parking spots at the back of the building. Schedule your showing to check out this cared-for 5 plex. “Other” expense is natural Gas $785.64/year for on demand HW. Gross yearly income is currently $53,508.00. (January 2027 will be $60,938.00 when fully rented). to be verified. 48 hour notice required for showings. SC with MLS X13765952 (id:66888)

Cornwall, Ontario

Are you looking for a wonderful property with a great income? Look no further. This 5-plex is centrally located near the St. Lawrence and all its amenities, including the mall, bus routes, and local shops. While originally built in 1986, the property has been well-maintained with a brick exterior makeover, new roof shingles in 2020, and new sidewalks on the corner and west side. The building features two larger units on the ground floor with spacious living rooms and kitchens, plus three units on the upper level, one of which has been recently renovated. Each unit has a separate hydro meter. New tenants can be signed as rent + hydro (one upper unit is already paying their own hydro). Hot water is provided by a cost-saving, gas, on-demand system. Each unit includes its own laundry hookups, with the exception of one upper unit. There 4 parking spots at the back of the building. Schedule your showing to check out this cared-for 5 plex. “Other” expense is natural Gas $785.64/year for on demand HW. Gross yearly income is currently $53,508.00. (January 2027 will be $60,938.00 when fully rented). to be verified. 48 hour notice required for showings. SC with MLS X13765952 (id:66888)

The Nation, Ontario

BUILDER OPEN HOUSE | *Model Located at 936 KATIA STREET, Embrun, *Sunday November 15th 11-1pm* Introducing the Clara Duplex, a sleek and modern semi-detached bungalow offering 928 square feet of smart, functional space. With 1 bedroom, 1 bathroom, and a 1-car garage, this home is perfect for downsizers, first-time buyers, or those seeking a simple and low-maintenance lifestyle. The open-concept layout maximizes natural light and creates a seamless flow between the living, dining, and kitchen areas, ideal for relaxed living or intimate entertaining. The Clara proves that comfort and style can come in a perfectly sized package. This home also features a full legal accessory apartment with 1 bedroom and 1 bathroom, offering excellent flexibility for extended family, guests, or added rental potential. Constructed by Leclair Homes, a trusted family-owned builder known for exceeding Canadian Builders Standards, this builder specializes in custom homes, two-storeys, bungalows, semi-detached homes, and fully legal secondary dwellings designed with rental potential in mind. Leclair Homes brings detail-driven craftsmanship and long-term value to every project. FULL HST REBATE INCLUDED IN LISTING **Some of the photos are illustrated by AI** (id:66888)

The Nation, Ontario

BUILDER OPEN HOUSE | *Model Located at 936 KATIA STREET, Embrun, *Sunday November 15th 11-1pm* Welcome to the Cecilia, a modern semi-detached bungalow offering 1221 square feet of thoughtfully designed main-level living. With 2 bedrooms, 1 bathroom, and a 1-car garage, this home is an excellent fit for downsizers, first-time buyers, or anyone seeking easy, single-level living with just the right amount of space. The open-concept layout seamlessly connects the kitchen, dining, and living areas, creating a bright and inviting environment perfect for relaxing evenings or entertaining guests. Clean lines, natural light, and functional design make the Cecilia feel both warm and modern. What sets this semi apart is the fully legal basement unit, featuring 2 additional bedrooms and a 4-piece bathroom ideal for extended family, guests, or generating rental income. This smart addition offers long-term flexibility while maintaining privacy and separation from the main living space. Constructed by Leclair Homes, a trusted family-owned builder known for exceeding Canadian Builders Standards. Specializing in custom homes, two-storeys, bungalows, semi-detached homes, and now offering fully legal secondary dwellings with rental potential in mind, Leclair Homes delivers detail-driven craftsmanship and long-term value in every build. FULL HST REBATE INCLUDED IN LISTING PRICE! (id:66888)

The Nation, Ontario

BUILDER OPEN HOUSE | *Model Located at 936 KATIA STREET, Embrun, *Sunday November 15th 11-1pm* Welcome to the Cecilia, a modern semi-detached bungalow offering 1221 square feet of thoughtfully designed main-level living. With 3 bedrooms, 1 bathroom, and a 1-car garage, this home is an excellent fit for downsizers, first-time buyers, or anyone seeking easy, single-level living with just the right amount of space. The open-concept layout seamlessly connects the kitchen, dining, and living areas, creating a bright and inviting environment perfect for relaxing evenings or entertaining guests. Clean lines, natural light, and functional design make the Cecilia feel both warm and modern. What sets this semi apart is the fully legal basement unit, featuring 2 additional bedrooms and a 4-piece bathroom ideal for extended family, guests, or generating rental income. This smart addition offers long-term flexibility while maintaining privacy and separation from the main living space. Constructed by Leclair Homes, a trusted family-owned builder known for exceeding Canadian Builders Standards. Specializing in custom homes, two-storeys, bungalows, semi-detached homes, and now offering fully legal secondary dwellings with rental potential in mind, Leclair Homes delivers detail-driven craftsmanship and long-term value in every house. FULL HST REBATE INCLUDED IN LISTING PRICE! (id:66888)