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

Clarence-Rockland, Ontario

Fantastic investment opportunity in the heart of Rockland! Welcome to 891 Lacroix Road, a well-maintained DUPLEX offering strong rental potential with updates throughout. The spacious main-level unit is a large 1-bedroom (potential to easily add second bedroom), 1.5-bath two-storey apartment featuring a newly renovated kitchen and bathrooms with granite countertops, luxury tile finishes, and two flexible rooms that could easily convert into two additional bedrooms. The second-floor unit is a bright, 2-bedroom, 1-bath apartment, freshly updated with a new floors, doors, washer, dryer, stove, as well as a brand-new bathroom vanity. Both units offer SEPERATE entrances, driveways, and hydro meters, making management simple and efficient. Heating is baseboard electric, most heaters were replaced in 2024. A newer 14×16 detached garage adds value and storage, while newer windows throughout the property enhance comfort and efficiency. Whether you’re an investor or a live-in landlord looking for passive income, this turn-key duplex offers flexibility, cash flow, and long-term potential in a growing Rockland community. (id:66888)

Cornwall, Ontario

ATTENTION INVESTORS!!! Discover this all brick duplex at 460-462 Twelfth Street West, conveniently located near schools, shopping, grocery stores and everyday amenities. Offering two spacious three bedroom apartments, each approximately 1,200 sq. ft. This property features generously sized bedrooms, large eat in kitchens with ample cabinetry, open concept living areas and laundry in each unit. The upper apartment boasts private front and rear balconies, along with both interior and exterior staircases. The main floor apartment offers front and rear entrances, plus a driveway side entrance providing access to the main floor unit and basement. A double wide driveway provides parking for approximately 4-6 vehicles. Updates include electrical service and panels in 2018, shingles in 2016 and the main floor bathroom in 2021. With spacious layouts and a convenient location, this property offers an appealing opportunity to expand your Cornwall investment portfolio! (id:66888)

Ottawa, Ontario

Exceptional investment opportunity in the heart of downtown Ottawa, just steps from Somerset Street and within walking distance of shops, restaurants, transit, and everyday amenities. This unique property features two houses on one lot, offering two fully self-contained units, each with separate entrances and two levels of living space.The larger unit features 2 bedrooms, 1 bathroom, an updated kitchen, vaulted ceilings, and a spacious, functional layout. The second unit offers 1 bedroom, 1 bathroom, vaulted ceilings, and its own comfortable living space. Both units enjoy access to two shared decks, offering excellent outdoor living space with the potential to designate separate areas for each unit. Ample parking adds further convenience in this sought-after central location.An ideal opportunity for investors looking to generate rental income or for owner-occupants seeking to offset their mortgage by living in one unit while renting out the other. Enjoy the flexibility of having a property that works for you, whether you’re building your investment portfolio, looking for additional income, or seeking a versatile downtown residence. A rare opportunity to own a unique multi-unit property in the heart of Ottawa! (id:66888)

Cornwall, Ontario

Attention Investors! An excellent opportunity to add a versatile income-generating property to your investment portfolio! Welcome to 127 Gardner Street, ideally situated just steps from local parks and the St. Lawrence River, with convenient access to St. Lawrence College and everyday amenities, making it an attractive location for tenants and students alike.This triplex, complete with an additional basement in-law suite, offers multiple income streams and excellent flexibility for both investors and owner-occupants. The spacious main-floor unit is currently vacant and was previously rented for $1,800/month, featuring one bedroom, a den, and additional living space in the bright solarium. The vacant basement in-law suite offers a comfortable one-bedroom layout and previously generated $1,400/month. Upstairs, you’ll find two occupied units: a one-bedroom apartment currently rented for $824/month, and a bachelor apartment generating $800/month.Currently generating $19,488 in annual gross rental income from just two occupied units, this property offers significant potential for increased cash flow. By renting the two vacant units at their previous rental rates, the property could generate an impressive $4,824/month or $57,888 annually in gross rental income, before expenses.Additional features include one parking space per unit, three 5′ x 5′ tenant storage lockers, and a spacious 18′ x 12′ shed offering potential for additional rental income or convenient owner storage.Whether you’re looking to expand your investment portfolio, capitalize on the opportunity to increase rental income, or occupy one of the vacant units while having rental income help offset your living expenses, 127 Gardner Street is an opportunity worth exploring! Minimum 24 hours’ notice required for all showings. As per Form 244, all offers must contain a 24-hour irrevocable clause. (id:66888)

Ottawa, Ontario

Opportunity to own a solid triplex in a well-established Ottawa neighbourhood with strong rental demand! This property features three spacious 2-bedroom, 1-bathroom units, each offering hardwood flooring, ceramic tile in the kitchens and bathrooms, and practical layouts that appeal to tenants. Several updates have been completed over the years, including renovated units, newer windows, and a resurfaced driveway. A detached single-car garage provides additional storage or parking options. Tenants pay their own hydro, helping to keep operating costs down. A great option for investors looking to add to their portfolio or those seeking a multi-unit property with long-term potential. (id:66888)

Ottawa, Ontario

Exceptional investment opportunity in the heart of Centretown! This well-maintained and recently renovated LEGAL duplex offers the perfect combination of strong cash flow, owner-occupancy flexibility, and long-term value in one of Ottawa’s most desirable urban neighbourhoods. Featuring two spacious 2-bedroom units, each with its own private entrance, separate hydro meter, and in-unit laundry, this turnkey property is ideal for investors and homeowners alike. Numerous updates include renovated kitchens and bathrooms, updated plumbing and electrical, fire escapes brought up to code, fresh paint throughout, updated flooring, fencing improvements, and countless other upgrades that contribute to the property’s excellent condition and tenant appeal. A rare bonus for Centretown, the property includes 3 parking spaces, a highly sought-after feature for both tenants and owners. Investors will appreciate the potential for a return exceeding 7.0%, while owner-occupants can live in one unit and rent the other to significantly offset mortgage costs. Landlord pays heat and water, while tenants pay their own hydro through separate meters. Ideally located steps from Bank Street, Chinatown, Little Italy, public transit, parks, cafés, restaurants, shopping, entertainment, government offices, and some of Ottawa’s most vibrant urban amenities. Residents enjoy easy access to Dow’s Lake, the Rideau Canal, LeBreton Flats, Carleton University, the University of Ottawa, and downtown employment hubs. With strong rental demand, exceptional walkability, and major updates already completed, this is a rare opportunity to acquire a quality income property in one of Ottawa’s most established and sought-after neighbourhoods. (id:66888)

Ottawa, Ontario

Freshly updated duplex in a high-demand rental area. Both units offer bright, modern finishes and excellent functionality. Ample on-site parking adds strong tenant appeal. Ideal opportunity for investors to set their own rents or for an owner-occupier to live in one unit and rent the other. A solid addition to any portfolio. (id:66888)

Ottawa, Ontario

Located on one of Hintonburg’s favourite streets, 32 Melrose is a two-unit property with plenty of potential in a location that continues to be a favourite with both owners and renters.Quiet, one-way Melrose feels nicely tucked away from the action, while still putting you just steps from some of the city’s best restaurants, coffee shops, specialty food stores and local favourites.The main floor unit offers one bedroom, a comfortable living space at the front of the home, a full bathroom and a kitchen at the back with laundry. The second unit is spread over two floors, with a bright living room, a small covered balcony overlooking the street, a charming bedroom and a kitchen at the back with access to the rear of the property. Upstairs, the loft adds great flexibility and could work beautifully as a primary bedroom, home office, guest space or studio.The upper unit also has one parking space, and out back there is a sweet shared outdoor area where the current tenants have created and cared for a garden.For someone looking for an owner-occupied opportunity, there is real potential here to renovate, add value over time and enjoy one of Ottawa’s most loved neighbourhoods while doing it. Savvy investors will appreciate the R4 zoning on this great street. The property will require fairly significant updating, but with this location, lifestyle and versatility, 32 Melrose is absolutely worth a closer look. (id:66888)

Ottawa, Ontario

SET YOUR OWN RENTS – STRONG CASH FLOW OPPORTUNITY! Look no further than this income-generating duplex, perfectly positioned on a spacious 42.45 ft x 89.83 ft lot bursting with development potential – a rare find for savvy investors looking to build long-term equity and cash flow in one package. The main level unit boasts a generous 4-bedroom layout with a full bathroom and in-unit laundry, offering ample space for a family or roommate setup, while the fully finished basement adds a 5th bedroom and a second full bathroom maximizing rental potential and flexibility. Upstairs, the second level unit features 2 bright bedrooms, 1 full bathroom, a well-appointed kitchen, and the added convenience of in-unit laundry. Both units are separately metered for hydro, giving owners flexibility and reduced utility overhead. The entire property has been freshly painted throughout and features a brand-new 2025 A/C unit, meaning less upkeep and more peace of mind from day one. A newer shed is also included with the purchase, offering great additional storage space. With 7 bedrooms and 3 bathrooms total, this property is built for hassle-free, high-demand rental income. Situated in a thriving, rapidly developing neighborhood, it’s just minutes from major university, the downtown core, public transit, restaurants, and everyday shopping and amenities – everything tenants look for in a rental. Lots of this size, configuration, and development upside are increasingly hard to find in this market. Whether you’re expanding your portfolio or purchasing your first income property, this is a rare opportunity you don’t want to miss. Book your private showing today – opportunities like this don’t last long! (id:66888)

Ottawa, Ontario

MAKE YOUR HOME WORK FOR YOU. The Duo Collection offers two independent living spaces, giving homeowners the opportunity to generate rental income and help offset their mortgage. Enjoy modern design, beautiful kitchens, quartz countertops, quality appliances and thoughtful finishes throughout. An innovative approach to homeownership designed for today’s buyers. The photos are digital renderings. (id:66888)

Cornwall, Ontario

An exceptional investment opportunity featuring four rental units with a desirable mix of layouts: Unit 705A offers 2 bedrooms and 1 bathroom, Unit 705B features 4 bedrooms and 1 bathroom, Unit 705C offers 2 bedrooms and 1 bathroom, and Unit 705D includes 1 bedroom and 1 bathroom. Generating $75,359.28 in gross annual rental income, this property offers multiple income streams and an attractive cap rate of approximately 9.30%. Additional highlights include a large yard, double detached garage, and ample parking. With strong rental income and desirable property features, this is an excellent opportunity to expand your investment portfolio. (id:66888)

Casselman, Ontario

Fantastic Investment Opportunity! Beautiful new construction by Solico Homes, The Capucine Model, Duplex – unlock income potential! Potential monthly income of $1050/month for the lower unit. Great investment opportunity! Discover this modern semi-detached bungalow designed for both comfort and efficiency. Offering 1,021 sq. ft. of living space, this home features a well-planned, open-concept layout that maximizes light and functionality. The 2 generously sized bedrooms provide flexibility for family, guests, or a home office. The spacious bathroom, complete with a separate shower, adds to the everyday convenience. The kitchen offers ample storage, making meal prep and organization effortless. You can also personalize your space with the optional cathedral ceiling, creating an even more airy and inviting atmosphere. Bright, affordable, and fully customizable, this bungalow is the perfect blend of modern design and practical living. The lower level features 2 bedrooms, 1 bath, separate laundry, kitchen, living & dining room. Choose your finishings and make this home yours! Photos are of a similar model to showcase builder finishes. All applicable credits have already been applied to the listed prices. The builder has directly applied the credit based on the information currently available under the new government program. Should the government modify the process and require the credit to be claimed directly by the buyer, the price will be adjusted accordingly. (id:66888)