Ottawa Multi-Family Homes For Sale

Ottawa, Ontario

Prime mixed-use asset in sought-after Sandy Hill. Offering four spacious four-bedroom residential units and a ground-floor commercial space, this income-producing property combines strong tenant appeal with the flexibility of multiple revenue streams. Each unit features separate hydro meters, in-suite laundry, stainless steel appliances, air conditioning, and bright contemporary living spaces. Six covered bicycle spaces enhance convenience, while the central location-steps to shops, restaurants, schools, and transit-ensures enduring rental demand and long-term investment potential. Net Income $131,694.36/2025 (id:50982)

Ottawa, Ontario

Modern Fourplex located in Sandy Hill, offering fully furnished 4 bedrooms and 2 bathrooms with a washer & dryer in every unit. Built in 2020, in a prime rental location, close to downtown, the By-ward Market, the Rideau Canal and more specifically, the University of Ottawa, this property is a CASH-COW with with one of the lowest vacancy rates in the City. The security & keypad system allows the Tenants to have peace of mind and easy access. These units offer modern amenities not found in other rental properties. Net Income $116,709.03/2025 (id:50982)

Cornwall, Ontario

Rare redevelopment opportunity in the heart of Cornwall. This former school sits on approximately 1.72 acres and offers nearly 20,000 sq. ft. of existing building area with RES-30 medium-to-high density residential zoning already in place. Previously approved for a 17-unit residential conversion, the property presents an exceptional opportunity for investors, developers, and builders seeking to capitalize on the growing demand for housing. Potential permitted uses may include apartments, triplexes, fourplexes, row housing, retirement living, rooming accommodations, and other residential development opportunities, subject to municipal approvals.The site benefits from municipal water and sewer services, natural gas, hydro, ample parking, and a clean environmental record. The substantial existing structure offers significant adaptive reuse potential, while the excess land may provide opportunities for future expansion or additional development, subject to approvals.Opportunities of this scale, with existing zoning, infrastructure, and a proven development concept already established, are becoming increasingly difficult to find. Buyers are encouraged to conduct their own due diligence with the City of Cornwall regarding future development plans and permitted uses. (id:66888)

Pembroke, Ontario

The Catherine Street portfolio consists of 44 units (with 39 – 2 bedroom units) over 4 contiguous buildings, located in a quiet residential neighborhood in Pembroke, close to shopping, restaurants, schools, and downtown Pembroke, with convenient access to transit routes, grocery stores, Pembroke Mall, Algonquin College, and the Pembroke Regional Hospital. Proximity to the Trans-Canada Highway ensures quick access to surrounding communities and regional employers, making these properties highly attractive to a wide renter base. The buildings have benefited from a comprehensive program of capital improvements, ensuring the properties are exceptionally well positioned for long-term performance. Extensive upgrades to mechanical systems, windows, roofing, and balconies, along with in-suite renovations and new appliances, the portfolio offers both stability and clear upside potential through the continued renovation of remaining suites, with substantial potential rental increases as units turnover. Financials are available with an NDA. (id:50982)

Elizabethtown-Kitley, Ontario

CASH COW INVESTMENT OPPORTUNITY – Welcome to 355 County Road 16, Jasper, Ontario – the former historic Jasper Hotel, thoughtfully converted into a 9-unit residential income property offering strong cash flow and long-term investment potential. This unique building combines small-town charm with stable rental income and features a diverse unit mix consisting of: 1 x Three-Bedroom Townhouse-Style Apartment, 2 x One-Bedroom Apartments, 3 x Studio Apartments, 3 x Single Rooms. Situated in the heart of Jasper, this landmark property has been repurposed into cozy apartments; investors will appreciate the multiple income streams. The property’s location offers the perfect balance of rural living and urban accessibility. Residents enjoy a peaceful small-town setting while remaining just minutes from Smiths Falls and within easy reach of Ottawa. Sports and entertainment enthusiasts will appreciate being only a 49-minute drive from the home of the Ottawa Senators, Canadian Tire Centre, making NHL games, concerts, and major events easily accessible. (id:50982)

Ottawa, Ontario

Prime Investment Opportunity in Ottawa Turnkey 5-Plex with Excellent Returns: Welcome to 309 Cyr Avenue, an exceptional chance to secure a fully tenanted, income-producing 5-unit property in a desirable Ottawa neighbourhood. Whether you’re an experienced investor or looking to grow your portfolio, this asset delivers reliable cash flow today with strong upside potential. This well-maintained 5-plex offers a versatile mix of spacious, updated units occupied by quality tenants. The exterior has been recently renovated, boosting curb appeal and minimizing capital expenditures in the years ahead. Inside, with room to further enhance rents and maximize income, this property has much upside potential. With steady income in place and under-market rents, this property is perfectly positioned for a new owner to unlock additional value through strategic updates and rental increases over time. Key Features: Five fully rented units with strong tenancy history; Newly renovated exterior low maintenance for years to come; Excellent location close to schools, transit, shopping, and Ottawas downtown core;; Opportunity to increase revenues and build long-term equity This is your chance to acquire a turnkey multi-unit property in one of Ottawas most robust rental markets. Properties of this calibre and income potential rarely become available. Don’t wait, schedule your private tour today and see everything 309 Cyr Avenue has to offer! Contact the listing agent for full financial statements, rent rolls, and to arrange a confidential viewing. (id:50982)

Ottawa, Ontario

Rare turnkey triplex in the heart of Ottawa’s rapidly appreciating Vanier/Beechwood Village corridor. This meticulously maintained income property offers three fully tenanted units sharing a consistent layout across all floors, zero vacancy history, and exceptional long-term upside in one of the city’s most sought-after emerging neighbourhoods, steps from vibrant Beechwood Avenue, Rockcliffe Park, and the Ottawa River pathways. With over $293,000 in confirmed capital investment since 2010, this is a property where the heavy lifting has already been done. Major improvements include a brand new high-efficiency boiler (2025), 90% of main cast iron pipes replaced with PVC (2026), full foundation waterproofing with sump pump and French drain system, roof in excellent condition (inspected and reflashed 2023), complete building refacing with Permacon and CanExcel cladding, new concrete front stairs, a fully redone interlock backyard and parking area, and a shed with individual storage lockers, dedicated electrical panel and new roofing. A lifetime pest control contract and updated appliances in all three units round out a truly turnkey asset. All units are occupied by excellent long-term tenants with zero tribunal history. Current gross annual income of $57,140 with significant upside as all three units are below market rent, with stabilized market rents projecting to $72,300 annually. The property is zoned N4B[1322] H(11), permitting low-rise multi-unit development up to three storeys, offering compelling future redevelopment optionality in a neighbourhood where land values are rising. A patient investor acquires strong cash flow today and meaningful appreciation potential tomorrow. (id:50982)

Ottawa, Ontario

Absolutely Stunning Triplex Located Right In The Heart of Prestigious Westboro! Unit 1 consists of 2 levels of living space with master bedroom, 2nd bedroom, kitchen and dining room on main floor. Lower level features, living room, storage and possible office / den. Unit 2 features master with ensuite, large storage / office space, huge custom kitchen with upgraded appliances, and open-concept living / dining area. Unit 3 features 2 bedrooms plus office, 2 baths, massive rooftop terrace, custom kitchen, open-concept living / dining area and full basement rec. room for home business or gym. All units separately metered and include legal parking. Perfect for owner-occupier or investor. Close to all amenities including, shopping, restaurants, transit and Westboro Village. Financials Available Upon Request. (id:50982)

Brockville, Ontario

Attention investors! Extensively renovated duplex with established tenants already in place this income-producing property generates $3,150 per month in gross rental income, with the upper unit rented at $1,435/month and the lower unit at $1,715/month. Owner-paid utilities are approximately $125/month for natural gas, $270/month for hydro, and $75/month for water. A turnkey investment opportunity ideal for adding to your portfolio or for those seeking steady rental income. Conveniently located close to amenities, schools, shopping, and transit. 24hrs minimum for all showings. (id:66888)

Ottawa, Ontario

395 McLeod Street represents a compelling investment opportunity in the heart of Centretown, one of Ottawa’s most established and consistently in demand urban neighbourhoods. As of July 2025, the property generated $59,582.64 in gross rental income, with total operating expenses of $19,510.59, resulting in a strong net income of $40,072.05. These figures reflect stable performance, efficient cost management, and dependable cash flow, making the property well suited for investors seeking both income reliability and long term value preservation.Centrally located, the property benefits from exceptional walkability and proximity to downtown Ottawa, Parliament Hill, major employment hubs, and key transit routes. The surrounding area is anchored by the vibrant commercial corridors of Bank Street and Elgin Street, offering a wide range of restaurants, retail, and daily amenities. This location continues to attract a diverse and stable tenant base, including government employees, professionals, and students, supporting consistent rental demand and favourable long term growth potential. With its strong financials and prime urban setting, 395 McLeod Street is a solid addition to a well balanced real estate investment portfolio. (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)

Smiths Falls, Ontario

71 Russell Street East offers a flexible opportunity for investors and owner-occupants alike. Whether you’re looking to add to your portfolio, purchase your first income property, or explore the possibility of living in one unit while benefiting from rental income from the other, this duplex offers both flexibility and future potential. The property features two 2-bedroom, 1-bath units with existing tenants already in place, making it well suited to continued investment use while also presenting future owner-occupancy possibilities. Buyers entering the market may appreciate the opportunity to combine homeownership with income generation in one property. Recent updates provide added peace of mind, including a new roof completed in 2019 with 40-year shingles, along with two gas furnaces updated in 2017 and 2024. The property also offers ample tenant storage space and parking for three vehicles. Conveniently located close to schools, shopping, and everyday amenities, 71 Russell Street East presents an opportunity to step into the market with flexibility already built in, whether your goals are investment, homeownership, or a combination of both. (id:66888)