$700,000 – $800,000 Multi-Family Homes For Sale

Smiths Falls, Ontario

Welcome to this beautiful Victorian brick 4-plex, ideally situated in one of Smiths Falls’ most prestigious and historically rich neighborhoods where the upper management of the railroad formerly lived. This quiet, residential area offers charm and tranquility, while being just two blocks from the main business district and all amenities in the revitalized downtown core. The property is also conveniently located near the UNESCO World Heritage Site Rideau Canal, offering access to scenic walking trails and outdoor recreation. It features: Fully tenanted building with strong rental demand, Four separate hydro meters, New forced-air gas furnace. Located in an area benefiting from major community upgrades, including: New water treatment plant, New community center, New high school, Expansion of the existing hospital. This is an excellent rental market, with the majority of Canopy Tweed employees wanting to live in Smiths Falls close to their workplace, in an area of beautiful homes which will attract good tenants because of the upscale atmosphere. Three 3-bed units & one 2 bed unit, cash cow. This property’s upscale surroundings and historic charm make it especially attractive to reliable tenants. Contact Brad Closs for more information or to arrange a viewing. RENTS; (1) $1,550 (2) $1,695 (3) $1,625 (4) $2,050 (id:50982)

Ottawa, Ontario

Situated on an oversized 66′ x 88.5′ double lot in the heart of Vanier, this rare purpose-built side-by-side duplex offers a unique combination of existing rental income and exceptional future development potential. Zoned R4UA, the property is uniquely configured with the entire duplex situated on one half of the lot, leaving the other half as largely vacant land – an increasingly rare opportunity in Ottawa’s urban core. This highly flexible layout creates exciting possibilities for future intensification, redevelopment, expansion, or potential severance opportunities (buyer to verify with the City of Ottawa).The duplex consists of two 2-bedroom, 1-bathroom units, each with separate entrances and independently metered electrical service, separate hot water tanks, and separate washers and dryers. Current rents are well below market value, offering attractive future income upside, while the month-to-month tenancy structure provides flexibility. Whether you are seeking a strategic land holding opportunity, an income-producing property with substantial redevelopment possibilities, or a prime urban infill site with holding income already in place, 228 Carillon Street offers a rare range of options in one of Ottawa’s rapidly evolving neighbourhoods. Ideally located close to downtown Ottawa, Beechwood Village, transit, parks, schools, shopping, and everyday amenities, this is a compelling opportunity for buyers looking to capitalize on the continued growth and intensification of the area. (id:50982)

Ottawa, Ontario

Unlock the potential of this exceptional income-generating property in one of Ottawa’s most desirable neighbourhoods. Offering two fully self-contained living spaces, this detached home is a rare opportunity for investors seeking strong cash flow and long-term upside.The main level features a bright and spacious 2-bedroom + den layout with an open-concept living and dining area, oversized windows, and a full 4-piece bath. The well-appointed kitchen, complete with a gas stove, opens to a private, inviting backyard-perfect for owner-occupancy or stable long-term rental income.A separate side entrance leads to the upper level, which includes two additional bedrooms, a full bath, and a complete kitchen. Currently operating as a turnkey Airbnb with professional property management available, this unit offers immediate, hassle-free short-term rental income. With a strong 5.5% cap rate and multiple revenue streams already in place, this property is built for performance. Additional highlights include a detached garage, parking for two vehicles, and highly flexible zoning that allows for a future triplex-maximizing both current returns and future development potential.Ideally located close to shops, hospitals, parks, and transit, this is a strategic investment opportunity combining cash flow, versatility, and long-term growth. (id:50982)

Ottawa, Ontario

Incredible Investment Opportunity! All brick bungalow with legal secondary unit in prime rental location! Amazing cashflow grossing over $6,200/M! 3 Bed 1 bath upper unit and unique 3 bed 3 bath lower unit. Upper unit features 3 spacious bedrooms, a large living room, updated kitchen and 4pc bath. The lower level apartment is uniquely designed with a common full kitchen & 3 spacious bedrooms each with a wet bar and full ensuite bath bringing in nearly $3,800/M in rental income. Bus service at your doorstep, minutes walk to Algonquin and all the amenities of College Square & Merivale Rd. Great access to the highway for easy commuting by car, bus or bike! Amazing future development potential on this 50ft x 98ft lot. New proposed zoning of MS2 (Mainstreet Zone 2) allowing for a large multi unit mixed use building. Turn key investment property- enjoy great cashflow while watching your land value soar in the years to come! (id:50982)

Ottawa, Ontario

CENTRALLY LOCATED in one of Ottawa’s most sought-after urban neighbourhoods, this exceptional DUPLEX presents a rare opportunity for investors, developers, and owner-occupants alike. Situated on a generously sized lot of approximately 108.24 FT X 29.04 FT, this property offers outstanding potential in a high-demand area close to the vibrant amenities of Chinatown and Little Italy. Designed with a practical and appealing layout, EACH FLOOR FEATURES 2 BEDROOMS, 1 BATHROOM, A SEPARATE KITCHEN, AND A SPACIOUS LIVING ROOM-providing flexibility for rental income or multi-generational living. The property has been well-maintained with important updates including a hot water tank (2023), FURNACE (2020), window a/c, and flat roof and windows (approx. 2015). ZONED R4H, this property allows for multi-unit dwellings, making it an excellent holding asset with exciting future redevelopment possibilities. With immediate access to Tunney’s Pasture, the LRT, and Ottawa’s downtown core, this site is ideally positioned for both strong NEAR-TERM CASH FLOW AND LONG-TERM INTENSIFICATION POTENTIAL. A valuable investment in a rapidly growing location-don’t miss it! (id:50982)

The Nation, Ontario

Attention investors! Built in 2024, this modern semi-detached duplex is a turnkey opportunity with separate electricity and gaz meters. Flooded with natural light, the property features contemporary finishes, custom cabinetry, and durable low-maintenance laminate flooring throughout. Both the upper unit and lower unit offer 3 bedrooms and 2 bathrooms, making it ideal for an in-law suite, rental income, or owner-occupancy with additional revenue. Enjoy a deck for outdoor living and a prime location close to parks, recreation, schools, and all amenities. With recent construction, modern systems, and minimal maintenance required, this is a smart, income-ready addition to any investment portfolio. The lower unit is currently rented on a month-to-month basis while the upper unit is vacant, allowing you to move in or choose your own tenants and set market rental rates. *** Some photos are from another unit, virtually identical to the property.The water bill is approx $200 per month, taxes for 2025 were $4,875 . Upper unit rents for $2,400/month in that area, lower unit is curently rented at $2000/month. (id:50982)

Ottawa, Ontario

Welcome to 70 Anderson Street – a fantastic investment opportunity in the heart of Little Italy. This handsome 2-1/2 storey red brick triplex, complete with an addition, is perfectly positioned to Preston Street and Chinatown, offering unbeatable walkability and strong rental appeal. The property features three well-laid-out units: Apt 1 – a 1-bedroom apartment, Apt 2 – a bachelor apartment, Apt 3 – a two-level spacious 2-bedroom apartment. Key updates include a new furnace (2026), kitchen and bathroom remodel in Apt 2 (2021), a kitchen and bathroom remodel in Apt 1 (2015), a rebuilt front exterior retaining wall (2024), an interlock metal roof (2013), and a reconstructed 2-storey front porch (2010). Additional conveniences include coin-operated laundry in the basement. Please note: restricted showing times with 24 hours’ notice required. A solid addition to any portfolio-don’t miss this opportunity! 24 hour irrevocable. (id:50982)

Ottawa, Ontario

Positioned on a high-visibility corner in the heart of downtown Ottawa, this fully vacant duplex offers a rare & flexible opportunity in one of the city’s most connected, walkable & rapidly evolving neighbourhoods. Featuring two 2-bed units, along with four on-site parking spaces, the property provides immediate options for investors, developers, or owner-occupiers, with strong potential for redevelopment. Set on a northwest-facing corner lot the property benefits from Traditional Mainstreet zoning [TM14 H(17)], allowing for a variety of residential or mixed-use possibilities. This zoning supports everything from low – to mid-rise residential & boutique multi-unit projects to commercial space with residential above, making it well suited for thoughtful growth in line with the City’s long-term vision. Full municipal services are already in place, offering a smooth path for both current use & future plans. A rare advantage in this urban setting is the four owned off-street parking spaces with access from Lyon Street, adding everyday convenience & long-term value. The corner lot layout also allows for flexible, efficient building design & strong street presence. The location truly sets this property apart. With Walk Scores in the mid to high 90s, everyday amenities such as groceries, cafés, restaurants, parks, boutiques & essential services are just steps away. The property is well served by multiple OC Transpo routes & is moments from Lyon LRT Station, providing quick access to downtown, major employment centres & the wider city. Surrounded by ongoing & future development, this central location continues to benefit from strong demand & long-term growth. Whether you’re looking for a duplex with immediate potential, a smart land holding, or a prime infill opportunity, this is a compelling chance to secure a highly visible corner property in Ottawa’s urban core. (id:50982)

Ottawa, Ontario

Positioned on a high-visibility corner in the heart of downtown Ottawa, this fully vacant duplex offers a rare & flexible opportunity in one of the city’s most connected, walkable & rapidly evolving neighbourhoods. Featuring two 2-bed units, along with four on-site parking spaces, the property provides immediate options for investors, developers, or owner-occupiers, with strong potential for redevelopment. Set on a northwest-facing corner lot the property benefits from Traditional Mainstreet zoning [TM14 H(17)], allowing for a variety of residential or mixed-use possibilities. This zoning supports everything from low- to mid-rise residential & boutique multi-unit projects to commercial space with residential above, making it well suited for thoughtful growth in line with the City’s long-term vision. Full municipal services are already in place, offering a smooth path for both current use & future plans. A rare advantage in this urban setting is the four owned off-street parking spaces with access from Lyon Street, adding everyday convenience & long-term value. The corner lot layout also allows for flexible, efficient building design & strong street presence. The location truly sets this property apart. With Walk Scores in the mid to high 90s, everyday amenities such as groceries, cafés, restaurants, parks, boutiques & essential services are just steps away. The property is well served by multiple OC Transpo routes & is moments from Lyon LRT Station, providing quick access to downtown, major employment centres & the wider city. Surrounded by ongoing & future development, this central location continues to benefit from strong demand & long-term growth. Whether you’re looking for a duplex with immediate potential, a smart land holding, or a prime infill opportunity, this is a compelling chance to secure a highly visible corner property in Ottawa’s urban core. (id:50982)

Ottawa, Ontario

Welcome to 84 James street! This Duplex has location plus. Situated in the centre core, a quick walk to all amenities, yet in a quite niche, less than 2 blocks off Bank Street. The apartments are lovely, character adorned, with good month to month tenants who would be happy to stay, if an owner wasn’t opting to occupy one of these homey stylish, 2 bedroom apartments. Unit one, two beds with basement, $1663.00 per month plus hydro, unit two, two beds, two storeys and lots of storage, @2088.00 plus hydro. (id:50982)

Clarence-Rockland, Ontario

Welcome to 3874 Champlain Street. 6.8% CAP! This well-maintained 7-UNIT multi-residential property on 0.648 acres of land offers a strong investment opportunity with stable income and long-term potential and is offered at only $117,000/unit. The building consists of six (6) 2-bedroom units and one (1) 3-bedroom unit, all currently tenanted. Extensive updates have been completed, including a new roof (2023) and siding, updated plumbing and electrical systems, upgraded septic system (2012), and the installation of a new boiler along with tankless hot water systems. The property features a large timber frame foundation and operates on a single hydro meter. Gas & water one meter. Six (6) storage lockers are included for tenant use. This offering presents a solid income-generating asset and is well-suited for investors seeking a turnkey, fully leased multi-unit property. Opportunity exists to increase revenues and further enhance returns through rental optimization! (id:50982)

Ottawa, Ontario

DEVELOPMENT OPPORTUNITY on a premium 50 x 116 ft lot located on a quiet street in the desirable Overbrook neighbourhood. This is a rare chance to acquire a well-proportioned property in an established area experiencing ongoing redevelopment and strong growth. The existing 2+1 bedroom bungalow with a finished basement is being sold primarily for land value, offering excellent potential for redevelopment or a custom build (buyer to conduct their own due diligence). Potential future build options may include a 4-plex, 6-plex semi-detached, or higher-density development such as a 10- or 12-plex, subject to approvals. Current zoning allows for 10+ units, with the possibility to apply for additional density of up to 18 units – or, alternatively, build 10 units without requiring site plan approval. Ideally situated with quick access to downtown Ottawa, the Rideau River, scenic walking and cycling pathways, parks, and green space. Close proximity to the University of Ottawa, St. Laurent Shopping Centre, schools, public transit, and Highway 417 further enhances the appeal of this centrally located property. Property being sold in “as is, where is” condition. The seller makes no representations or warranties. 24 hours’ notice required for all showings. (id:50982)