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

Ottawa, Ontario

INVESTMENT OPPORTUNITY for under $675,000! Three Storey semi detached TRIPLEX in the heart of Chinatown. Zoned R4H and Ideally located with a school directly across the street and just minutes to Downtown, Little Italy, public transit, shopping, restaurants, parks, and all amenities. This centrally located income property offers an excellent opportunity for investors looking to expand their portfolio or those seeking a property with strong rental potential. Situated on an 18.18′ x 71.19′ lot, the property includes one front parking space and a spacious backyard for tenants to enjoy. Offering an attractive CAP RATE of 6.6% and Gross Annual rental income of $51,924 this is a turnkey investment with immediate cash flow. Rented on an All Inclusive basis. Unit 1: currently Vacant and a great option for an Owner Occupied unit, it’s a two bedroom, one bathroom unit on the main floor with access to the finished basement, providing additional living space and a dedicated laundry area. The kitchen and several interior finishes were updated in 2022, along with newer floors in 2026. Unit 2: One bedroom, one bathroom apartment on the second floor with its own washing machine. Unit 3 is a one bedroom, one bathroom unit that provides additional rental income. The property is heated by natural gas forced air and serviced by one hydro meter. All appliances are included! Located in one of Ottawa’s most desirable rental areas with consistent tenant demand, this property offers excellent long term investment potential and the opportunity to generate reliable income from day one. A fantastic opportunity to own an affordable multi unit property in a prime central location. Book your private showing today! 24 hour irrevocable required on all offers. (id:50982)

Ottawa, Ontario

Turn-Key Duplex with Accessory Unit! Exceptional Investment Opportunity! This well maintained, income generating property offers a Strong 7.66% CAP RATE and backs onto a serene creek with beautiful water views. The property features THREE Self Contained units: 3 Bedroom, 2 Bedroom, and a Bachelor unit. Currently fully rented, with one unit owner occupied, this is a fantastic opportunity for investors or owner occupiers alike. Equipped with 2 Hydro meters and 2 Gas meters, & serviced by well and septic, the property is both efficient and cost conscious. Tenants pay their own utilities as well as yard & driveway maintenance. (Note: Unit 2 covers the hydro & heat for Unit 3). UNIT 1: Bright 2 Bedroom, 1.5 Bathroom unit featuring hardwood flooring throughout the main level, pot lights, and an open concept layout. Enjoy direct access to a private backyard deck and a convenient powder room. Upstairs offers two spacious bedrooms, a full bathroom with a skylight, & in unit Laundry. Includes a private driveway with parking for up to 4 vehicles. UNIT 2: (VACANT) Charming 3 Bedroom, 1 Bathroom unit full of character, featuring high ceilings, hardwood floors, and generous living spaces. Functional kitchen with an adjacent laundry closet. Upper level includes three bedrooms & a full bathroom. Backyard access, parking for 2 vehicles included & Owner Occupied. UNIT 3: Non-conforming Bachelor unit located on the main floor with a separate entrance, clean and efficient with its own kitchen, full bathroom, & laundry. A great low maintenance rental option with 2 dedicated parking spaces. Additional highlights include a Detached 2 Car Garage offering excellent storage, a low unfinished basement for easy utility servicing, and a sidewalk right out front for added convenience. Ideally located in the heart of North Gower, within walking distance to shopping, parks, restaurants, and the LCBO. A rare, turn-key investment, this is the one you’ve been waiting for! Financials Available (id:50982)

Ottawa, Ontario

A rare investment opportunity! The main floor of this bungalow has 3 bedrooms and a 4pcs bathroom, while the two basement units generate steady rental income. This location is always in demand, so vacancies are rare and most tenants remain long-term. Recent improvements include refinished and new hardwood floors (2015), updated main floor windows (2013), a new owned hot water tank plus a new rental unit (2016), and the replacement of all remaining roof shingles scheduled for completion in 2016. This property can be purchased purely as an investment, or you can live on the main level while the two basement tenants cover a significant share of your expenses. (id:50982)

Smiths Falls, Ontario

Welcome to this well-maintained up/down duplex offering exceptional flexibility for investors or homeowners looking to offset their mortgage with rental income. Featuring two spacious, self-contained units, this property delivers both comfort and functionality in a smart layout. Each unit offers generous living space with a bright, open feel, including 3 bedrooms, a full 4-piece bathroom, and a large eat-in kitchen-perfect for everyday living. Both units also feature their own in-unit laundry rooms, providing added convenience for tenants or owners alike. The lower level unit stands out with its beautifully updated kitchen and bathroom (2023), as well as large, deep-set windows that bring in an abundance of natural light-creating a warm and inviting atmosphere rarely found in lower-level spaces. New vinyl flooring in upper kitchen. Additional highlights include: Separate electrical panels for each unit (lower panel newly updated), shared furnace (2017) and central air, washer and dryer in lower unit (approx. 3 years old), predominantly laminate flooring throughout for easy maintenance, upper unit features a spacious deck off the kitchen (2020), ideal for outdoor relaxation. Metal roof (2019), each unit has it’s own driveway with space for 3 vehicles. Whether you’re looking to expand your investment portfolio or live in one unit while renting the other, this property offers incredible value and versatility. (id:50982)

Ottawa, Ontario

Discover the DUO Collection in Chapel Hill South! These spacious 4-bedroom, 3.5-bath freehold townhomes feature a legal 1-bedroom secondary suite with private entrance-ideal for aging parents or extended family. Luxury finishes, 12 smart appliances, designer interiors, oversized windows and exceptional flexibility for modern family living. The photos are digital renderings. HST rebates eligibility is determined solely by the Canada Revenue Agency (CRA) and/or the Ontario Ministry of Finance. (id:50982)

Ottawa, Ontario

Own more for less with the DUO Collection! These oversized 4-bedroom, 3.5-bath freehold townhomes include a legal 1-bedroom apartment with private entrance, offering rental income that could offset a significant portion of your mortgage. Luxury finishes, 12 smart appliances and a rare opportunity to build equity while living in style. The photos are digital renderings. HST rebates eligibility is determined solely by the Canada Revenue Agency (CRA) and/or the Ontario Ministry of Finance. (id:50982)

Ottawa, Ontario

Set your Own Rent! This Duplex on a large lot in a fantastic location is ready for you to enjoy. The Main floor 3 bedroom unit will be vacant on closing, so you can either set your own rent or move in and take advantage of the Upper Unit cash flow. This well cared for home is located in a wonderful area, only steps to Beechwood Ave, shopping, transit, schools and more. The 2 storey Main Level unit offers spacious living and dining areas and a good sized Kitchen, with 3 bedrooms, 3 bathrooms, and a finished lower level with den, laundry and plenty of room for extra storage. The One Bedroom upper unit is spacious and well laid out, with full bathroom and in-unit laundry. Perfect for extra cash flow to help pay the mortgage. The large property also boasts an oversized detached garage with electricity, heat and water hookups, and the private backyard patio allows for easy enjoyment of the summer. This large, well located lot also allows for potential multi unit future development possibilities in a great location. (id:50982)

Hawkesbury, Ontario

Excellent investment opportunity! This legal fourplex, built in 2001, offers strong, reliable income with a current gross annual rental income of $45,636. The property features four self-contained units and is fully tenanted, making it an ideal turnkey addition to any investment portfolio. Tenants pay their own gas and hydro, helping to keep operating costs low. The roof was replaced in June 2022, providing added peace of mind for years to come. Situated in a desirable location, this well-maintained income property offers stable cash flow today with additional upside, as all rents are eligible for a legal increase as early as November 1, 2026. There may also be potential to divide the building into two duplexes (similar to neighbouring properties), with buyers encouraged to verify this possibility with the municipality. Whether you’re looking to expand your investment portfolio or purchase your first multi-unit property, this legal fourplex presents an outstanding opportunity. 24 hours’ notice is required for all showings. (id:50982)

Mississippi Mills, Ontario

CASH FLOWING 4 PLEX This well-maintained 4-unit multiplex offering strong, stable income with a 6.3% cap rate. Each unit features a functional one-bedroom layout, appealing to reliable long-term tenants, and the property is fully leased, providing immediate cash flow. Ample parking includes five spaces-one dedicated per unit plus a convenient guest spot.Ideally positioned, the property boasts scenic views of the Almonte Fairgrounds and the nearby river, adding to its tenant appeal and long-term desirability. The setting combines small-town charm with walkable access to local amenities, making it an attractive rental location.This is a turnkey investment opportunity with consistent performance, low vacancy risk, and future upside potential. Perfect for investors seeking a manageable multi-unit property in a desirable and growing community. (id:50982)

Clarence-Rockland, Ontario

What an incredible investment opportunity under $525K! Being situated only a few minutes from the established community of Rockland, with it’s small town vibe but convenience of urban amenities, and only a short distance to Ottawa, it has exceptional tenant appeal. This triplex has spacious units, each with a private entrance, and has a list of recent renovations/upgrades including: roof, siding, decks, bathrooms, windows, and appliances. All units have two bedrooms, an in-suite washer and dryer, parking, and are leased month to month with a total income of $3605. Unit 1, on the left, is a two-story unit with 1.5 baths and a large private backyard. Unit 2, at the front, has 1 bath and a large deck. Unit 3, at the back, has 1.5 baths and an enormous private backyard. There is additional storage space in the basement that is accessed from the right-side door. This is your chance to secure a lucrative property. Book your showing today! Some photos are digitally enhanced. (id:50982)

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:50982)

Ottawa, Ontario

TURNKEY DUPLEX within walking distance of Beechwood Village, offering an exceptional opportunity for investors and owner-occupants alike. Live in one unit while generating rental income from the other, or rent both and set your own rents. BOTH UNITS ARE CURRENTLY VACANT. Unit #1 is a SPACIOUS TWO-LEVEL APARTMENT featuring 2 bedrooms, separate living and dining rooms, a sunroom, and a generous lower-level recreation room with large windows that provide plenty of natural light. Unit #2 is a freshly painted 1-bedroom apartment with a functional layout. Both feature updated kitchens and bathrooms, as well as in-unit laundry, making them move-in-ready investments with excellent income potential in one of Ottawa’s rapidly gentrifying neighbourhoods. (id:50982)