Ottawa Multi-Family Homes For Sale

Ottawa, Ontario

This turn-key fully tenanted triplex sits in the heart of Ottawa Centre, with two spacious 2-bedroom units and one 1-bedroom unit, each finished with hardwood floors throughout and good in-unit storage. A newer boiler system anchors the mechanicals, and separate meters mean each tenant covers their own hydro. Combined rents bring in $6,404.61 a month, or $76,855.32 a year, with parking for three vehicles at the rear included as part of rent. Annual operating expenses $16,334. Flora Street is steps from direct transit to Carleton University, minutes from downtown and the Elgin Street strip, with easy access to the 417. This stretch of Centretown stays consistently rented. Laundry and utility with inside access. 24 hour irrevocable required on all offers, with Schedule B to accompany. (id:66888)

Ottawa, Ontario

25 Wright Street is a two-storey legal duplex being offered alongside its immediate neighbour at 23 Wright Street. Together they represent a rare opportunity to acquire two side-by-side lots in one of Overbrook’s most desirable sub-pockets, situated between the Vanier Parkway and the Rideau River. The combined footprint is compelling on its own, but the open backyard connecting both properties adds a contiguous land area that gives a developer considerably more to work with. The surrounding blocks have seen a steady pace of replacement builds, with modern semis and singles going up on comparable lots throughout the area, and this two-lot package sits squarely in the path of that momentum. As-built, 25 Wright operates as a two-unit legal duplex with a main floor unit and an upper-level unit, both occupied by long-standing tenants whose rents sit well below current market rates. As an estate sale, both properties are being conveyed in their current as-is condition and buyers are expected to conduct their own due diligence before submitting an offer. Private parking for up to four vehicles is on site. Hurdman LRT Station is minutes away, OC Transpo routes 12, 14, and 18 serve the area, Highway 417 is within easy reach, and downtown Ottawa is under 10 minutes by transit. Loblaws on McArthur Avenue, the commercial strip along Montreal Road, and Beechwood Village are all close by, and the Rideau River pathway and the Adàwe pedestrian bridge to Sandy Hill are just steps from the door. For any buyer evaluating 23 and 25 Wright as a package, the combined lot size, the connected outdoor space, and the position in a tight downtown-adjacent market speak for themselves. The numbers and the location do the talking. Further details on 23 and 25 Wright are available upon request. **No offers until September 28th at 1PM** (id:66888)

Ottawa, Ontario

Few properties in Ottawa carry the locational weight of 161-163 Gilmour Street. Fronting directly onto Minto Park in the heart of the Golden Triangle, steps from Elgin Street, the Rideau Canal, and Parliament Hill, this is the kind of address that keeps units filled and tenants renewing. This fully occupied 5-unit multiplex generates $11,358 per month in gross rent, $136,302 annually, with a Net Operating Income of approximately $96,584 and a cap rate of 4.03%. It has been continuously occupied since the current owner’s purchase in 2019, with rents adjusted annually in accordance with the Landlord and Tenant Board guideline and no vacancy at any point during that period. The unit mix includes a 3 bedroom/2 bathroom, two 2 bedroom/1 bathroom units, and two 1 bedroom/1 bathroom units; a diversified range of price points within a single asset, each with its own large outdoor patio. Over $275,000 has been invested since 2020, covering two new boilers (2022), seven hot water tanks with 10-year warranties (2020/21), a full exterior restoration including brick re-pointing, rebuilt front arches, interlock walkway, and a complete repaint (2023), full asphalt paving of the parking area and laneway (2025), an ongoing window replacement program, individual unit renovations across multiple floors, refreshed building hallways, and a new coin-operated laundry (2026). The building is on active professional service contracts for snow removal, annual HVAC maintenance, and fire safety inspections; run like an investment, not a hobby. Parking is included for four of the five units. Full financial detail and a complete capital improvement history are available; investor package attached. The Golden Triangle draws government workers, downtown professionals, and students year-round, and with multiple OC Transpo routes at the door and virtually everything within walking distance, the tenant pool here is deep and the vacancy risk is about as low as it gets in this city. (id:66888)

Ottawa, Ontario

Prime Westboro Income Opportunity! An exceptional chance to own a fully updated, all-brick legal duplex with a fully permitted basement secondary dwelling unit, offering three self-contained two-bedroom units in one of Ottawa’s most sought-after urban neighbourhoods. Set on a generous 49.02′ x 66.0′ lot, this income property combines strong cash flow, quality upgrades, and long-term upside. Each unit is separately hydro-metered and equipped with air conditioning, while two driveways provide valuable on-site parking for all the tenants. The property generates approximately $80,400 in annual gross rental income. Based on seller-provided operating expenses, the estimated Net Operating Income is approximately $60,775.63 per year, representing an estimated 5.07% cap rate. With refreshed interiors, solid in-place income, and a premium Westboro location close to shops, transit, parks, schools, beach and everyday amenities, this is a compelling opportunity for investors seeking immediate income with future growth potential. The property may also offer additional intensification possibilities, including the potential for another secondary dwelling unit or coach house/garden-suite-style development, subject to applicable zoning, planning, building code requirements, and municipal approvals. Buyer to independently verify all permitted uses and development potential. ps: The listing photos are of Apartment #1 only and were taken before the tenants moved in. Apartment #2 offers a similar layout and finish. The basement unit is approximately 200 sq. ft. smaller than the other units and includes two bedrooms, a full bathroom, kitchenette, living room, furnace room, mechanical room, and laundry room. (id:66888)

Ottawa, Ontario

Located in the heart of Centretown, Ottawa, 455 Metcalfe presents a rare opportunity for investors and owner-occupants alike. This renovated triplex features three vacant units, offering immediate occupancy or the flexibility to select your own tenants at current market rates. Ideally situated just minutes from downtown, the Canadian Museum of Nature, schools, shops, restaurants, public transit, and all essential amenities. The property also offers multiple on-site parking spaces. A versatile investment in a highly sought-after neighbourhood with excellent income and long-term appreciation potential. (id:66888)

Ottawa, Ontario

An exceptional turn-key investment opportunity awaits at 703 Morgan Street, a versatile, high-yielding triplex designed to maximize cash flow and long-term equity growth. The property features two spacious, identical three-bedroom, one-bathroom layouts on the top and middle floors, complemented by a cozy one-bedroom, one-bathroom lower unit. With the middle unit currently vacant, buyers gain an immediate value-add strategy to set projected market rent, house-hack, or select their own premium tenant while enjoying steady income from established, month-to-month residents. Tenants pay their own hydro via separate electrical panels and outdoor meters updated in 2016, keeping landlord utility overhead remarkably low. Major mechanicals and structural components have been systematically upgraded for worry-free ownership, including a new roof (2018), replacement windows (2017), gas meter update (2014), and a newly paved driveway (2025). Capital expenditure worries are minimized with three fully owned water heaters-replaced in 2016, 2018, and 2023-and low common electrical costs covering exterior and stairwell lighting. The building is complete with shared tenant laundry and dedicated storage facilities, enhancing overall tenant retention and convenience. Positioned with strong existing revenue, reliable tenancy, and significant upside potential in the vacant unit, this well-maintained asset is a rock-solid addition to any real estate portfolio. (id:66888)

Ottawa, Ontario

Welcome to 230 Percy Street – A Prime Centretown Investment or Single-Family Conversion Opportunity! Unbeatable location meets incredible versatility in the heart of downtown Ottawa’s sought-after Centretown, just steps from transit, major commuter routes, and a short walk to the vibrant Glebe neighbourhood. Originally built as a charming 2-storey semi-detached home, this property was thoughtfully converted into a legal duplex, making it a standout option whether you are looking for a turn-key income generator, an owner-occupied investment, or a rare single-family restoration project. Investors will appreciate the strong rental demand and extensive list of high-value capital updates already completed for total peace of mind. End-user buyers and restorers will love the seamless potential to convert the flexible layout back into a spacious, customized single-family residence in an ideal urban setting. Major mechanical and structural upgrades include a high-efficiency furnace (2018), central air conditioning (2019), premium Verdun windows (2020), updated plumbing (2021), new washer and dryer (2023), and a new roof (2023). Complete with 2 parking spaces and endless potential, 230 Percy Street offers an unbeatable blend of location, flexibility, and value. Don’t miss out on this exceptional Centretown opportunity! (id:66888)

Ottawa, Ontario

Exceptional commercial/residential investment opportunity in a prime Ottawa Centre location. This well-maintained property offers strong existing tenancy, excellent income potential, and future flexibility for investors, entrepreneurs, or owner-occupiers. Located in a highly visible commercial hub with excellent exposure, convenient access to Highway 417, and proximity to Dow’s Lake, Lansdowne, and Ottawa’s downtown core, this property offers outstanding accessibility and long-term potential. Situated on a generous lot of approximately 33 ft x 99 ft, the property features rear parking for up to 6 vehicles and a versatile layout with multiple income streams. This property includes approximately 1,100 sq. ft. per side, plus basement space. One office space is currently owner-occupied and could potentially be rented for approximately $3,000/month. Additional income includes Unit 453, a spacious 3-bedroom, 1-bathroom unit with in-unit laundry plus parking, currently rented for $1,850/month. Unit 451 is a second-floor 3-bedroom, 1-bathroom unit with kitchen and parking, currently rented for $1,450/month, with potential for future rent increase. The property also benefits from stable tenancy and strong rental demand. Ideal for investors looking to expand their portfolio or buyers seeking a live-work/business opportunity with additional revenue. A rare find with excellent parking, strong income, visibility, and future business potential. Book your showing today and explore all the possibilities this unique property has to offer. Separate utilities: Roof replaced (2023), Furnace (2016). Great opportunity to secure a property that offers both immediate revenue and long-term growth. Book your showing today! (id:66888)

Ottawa, Ontario

Excellent opportunity to own a well-maintained all-brick triplex offering strong cash flow and long-term investment potential. This solid multi-family property features three self-contained units consisting of two 2-bedroom apartments and one 1-bedroom apartment, for a total of 5 bedrooms. All tenants are currently on month-to-month leases, providing flexibility for investors looking to optimize rents or owner-occupants seeking future occupancy options.The property currently generates $4,500/month ($54,000 annually) in gross rental income. Unit 1 rents for $1,500/month, Unit 2 for $1,300/month (long-term tenant of approximately 10 years), and Unit 3 for $1,700/month. Tenants are responsible for their own hydro, while the building is heated by a central boiler system. Additional utility features include four separate gas meters and three individual hot water tanks, one servicing each unit.Several major capital improvements have already been completed, including foundation underpinning (2012), new roof drain and re-routing of the drain pipe (2019), and renovations to the front common area with new carpet, drywall and insulation (2019). Bathrooms in Units 1 and 2 have also been tastefully renovated.Additional features include shared laundry, 4 rear parking spaces, and 4 private storage lockers, adding convenience and value for tenants.Whether you’re an experienced investor or looking to add a quality income property to your portfolio, 734 De L’Église Street offers reliable income, solid building systems, and future upside in a well-established Ottawa neighbourhood. (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

Turnkey prime investment opportunity. Purpose-built legal 6 unit multifamily in the heart of Sandy Hill. Very desirable rental market neighbourhood walking distance to Ottawa University. Stately all brick building. GOI $138, 257. Expenses $29,689. NOI $108,568. Currently offering at a 5% cap rate. Well maintained. Provides steady returns. Never a vacancy. Cooperative tenants. 2 one bedroom units, 2 two bedroom units and 2 three bedroom units. Very spacious units with eat-in kitchens and large living rooms. 5 units have a washer and dryer. Also included: 6 fridges, 6 stoves, 2 hood fans and 6 hot water tanks. 5 parking spaces behind the building. Currently only two are rented. Updates include: Repaired foundation masonry/repair foundation spray foam in 2025 ($5200), Replaced boiler venting in 2024 ($3978), New washer/dryer in Unit 5 in 2023($1604), Full patch and paint for Unit 2 in 2022 ($1700), Added attic insulation in 2020 ($2316), Flushed, reamed and installed liner on main plumbing stack to City connection in 2017 ($6600), New front first floor windows 2016, Appliances between 2011-2016, Apt 5 completely renovated in 2015, Front porch/balcony 2012 & 2016, Roof 2011, Copper wiring 2011, Natural gas boiler 2006 and many more minor improvements. Walking distance to U Ottawa LRT Station, the Rideau Centre, ByWard Market, Strathcona Park, Rideau River, etc. Financials, 2025 Fire report and rent roll attached. 24 hours notice is required for showings. (id:66888)

Ottawa, Ontario

Turnkey prime investment opportunity. Purpose-built legal 6 unit multifamily in the heart of Sandy Hill. Very desirable rental market neighbourhood walking distance to Ottawa University. Stately all brick building. GOI $138, 257. Expenses $29,689. NOI $108,568. Currently offering at a 5% cap rate. Well maintained. Provides steady returns. Never a vacancy. Cooperative tenants. 2 one bedroom units, 2 two bedroom units and 2 three bedroom units. Very spacious units with eat-in kitchens and large living rooms. 5 units have a washer and dryer. Also included: 6 fridges, 6 stoves, 2 hood fans and 6 hot water tanks. 5 parking spaces behind the building. Currently only two are rented. Updates include: Repaired foundation masonry/repair foundation spray foam in 2025 ($5200), Replaced boiler venting in 2024 ($3978), New washer/dryer in Unit 5 in 2023($1604), Full patch and paint for Unit 2 in 2022 ($1700), Added attic insulation in 2020 ($2316), Flushed, reamed and installed liner on main plumbing stack to City connection in 2017 ($6600), New front first floor windows 2016, Appliances between 2011-2016, Apt 5 completely renovated in 2015, Front porch/balcony 2012 & 2016, Roof 2011, Copper wiring 2011, Natural gas boiler 2006 and many more minor improvements. Walking distance to UOttawa LRT Station, the Rideau Centre, ByWard Market, Strathcona Park, Rideau River, etc. Financials, 2025 Fire report and rent roll attached. 24 hours notice is required for showings. (id:66888)