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

Ottawa, Ontario

Income Property in the great location of Carlington. A short walk to the Civic Hospital and the Experimental Farm. Close to buses and shopping. Two tenanted rental units with great monthly income. Photos for downstairs unit are prior to current tenant occupancy. (id:50982)

Cornwall, Ontario

Don’t miss out on this 6 plex with an excellent cap rate of 7.85%. The property features 1-3 bdrm unit, 2-2 bdrm units, 1-1 bdrm unit and 2 bachelor apartments. This building is fully rented and very clean. The building is for sale as the present owners are retiring. The property includes 5 fridges and 5 stoves (unit 1 is tenant owned)and a coin operated washer/dryer in the basement. There is a 2.5 car garage that could be converted to storage for extra rental income. The garage shingles were changed end of April, 2025. The property is adjacent to King George park and close to shopping, schools and bus. 48 hours notice for all showings and 48 hours irrevocable on all offers. (id:66888)

Ottawa, Ontario

Welcome to 193 Gladu Street, a charming duplex in Ottawa. This unique property functions as a single-family home with a self-contained one-bedroom, one-bathroom unit at the rear – perfect for extended family, guests, or rental income. The main residence is warm and welcoming, with a wide-open and bright main floor that flows beautifully from living to dining to kitchen. Anchored by a modern island, the kitchen offers plenty of workspace, storage, and natural light – ideal for both everyday living and entertaining. Upstairs, the second-floor bedroom features a cheater ensuite access to a fully renovated bathroom with a sleek glass stand-up shower. The top level includes two more spacious bedrooms and a second full bathroom, also fully updated with contemporary finishes. The rear unit has its own private entrance and offers a well-designed one-bedroom layout with a full bathroom and open living space – an excellent option for added flexibility or passive income. A detached garage adds extra convenience, and the location is hard to beat – close to parks, transit, shopping, and downtown Ottawa. Whether you’re looking for a multi-generational home, an investment opportunity, or a home with income potential, 193 Gladu Street delivers on all fronts. Front unit Gross monthly income: $2,550. Rear unit Gross monthly income: $1,575. Gross annual income: $49,500. OpEx: $8,938.66 (id:50982)

Ottawa, Ontario

Great future potential!! Well maintained, fully rented, central duplex in up and coming area. Great potential as either an ongoing concern with rent upside or redevelopment opportunity with an R4UA Zoning. (id:50982)