Ottawa Multi-Family Homes For Sale

Cornwall, Ontario

An exciting opportunity for investors or buyers looking to offset their mortgage expenses! Centrally located in a desirable area, this triplex features a spacious two-storey main unit complemented by two one-bedroom rental units with long-term tenants.The main unit offers three generous bedrooms upstairs, with a kitchen, dining room and living room on the main floor. Its spacious layout makes it an appealing option for buyers considering living in one unit while collecting rental income from the other two. .Numerous improvements add to this property’s appeal. Roof materials have been redone within the past 10 years, including the flat membrane roof and the re-shingled sections. The large front verandah was completely rebuilt in 2024. Additional updates include tenant entrance steps, rebuilt wooden steps from the driveway, soffits, completed parging and a widened driveway with an additional parking space and refreshed gravel. Attic insulation was increased by 18 inches, and the chimney was removed and capped.The main unit also features an updated tub surround and toilet. All three hot water tanks are owned, with the main unit’s tank replaced approximately three years ago and the other two approximately nine years ago. All units pay their own utilities. Upstairs rent 492.10/mth downstair unit $590.93/mth. Space, rental income and valuable improvements-explore the possibilities this centrally located triplex has to offer! Call today and book your private viewing (id:66888)

Ottawa, Ontario

Exceptional investment opportunity in the heart of downtown Ottawa, just steps from Somerset Street and within walking distance of shops, restaurants, transit, and everyday amenities. This unique property features two houses on one lot, offering two fully self-contained units, each with separate entrances and two levels of living space.The larger unit features 2 bedrooms, 1 bathroom, an updated kitchen, vaulted ceilings, and a spacious, functional layout. The second unit offers 1 bedroom, 1 bathroom, vaulted ceilings, and its own comfortable living space. Both units enjoy access to two shared decks, offering excellent outdoor living space with the potential to designate separate areas for each unit. Ample parking adds further convenience in this sought-after central location.An ideal opportunity for investors looking to generate rental income or for owner-occupants seeking to offset their mortgage by living in one unit while renting out the other. Enjoy the flexibility of having a property that works for you, whether you’re building your investment portfolio, looking for additional income, or seeking a versatile downtown residence. A rare opportunity to own a unique multi-unit property in the heart of Ottawa! (id:66888)

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)

Cornwall, Ontario

RENOVATED DUPLEX WITH A POTENTIAL 13.4% CAP RATE! An excellent opportunity for investors or buyers looking to offset their living expenses! This duplex features a beautifully renovated 3-bedroom main-floor unit, currently vacant and move-in ready, with an estimated market rent of $1,900/month. The upper unit is currently rented at $1,800/month, providing immediate rental income. Two parking spaces add convenience. With potential annual gross rental income of $44,400 and a projected 13.4% cap rate based on full occupancy at estimated market rents, this property offers excellent investment potential! Live in one unit while generating income from the other, or add this income-producing property to your portfolio! (id:66888)

Ottawa, Ontario

Exceptional five-unit investment opportunity in the heart of Centretown! Ideally situated in one of Ottawa’s most desirable urban neighbourhoods, this income-producing property features a versatile unit mix, including one spacious 3 bedroom, 2 bathroom unit with in-suite laundry and four 1 bedroom, 1 bathroom units with shared laundry facilities. Just steps from an array of shops, restaurants, cafés, parks, and public transit, the property offers tenants the convenience and walkability of downtown living. With five individual units, multiple income streams, and a sought-after location, this property presents an excellent opportunity to expand an existing portfolio or enter the multifamily investment market. (id:66888)

Smiths Falls, Ontario

Investment opportunity in Smiths Falls with a projected cap rate of 8.09%! Large side-by-side updated 2 storey duplex is separately metered & consists of one 4 bedroom, 1.5 bath unit & one 3 bedroom, 1bath unit. Choose your own tenants on the vacant side and assume the tenants paying market rent on the other OR move in and enjoy while having a mortgage helper. 154 Beckwith is rented for $1,850/month and all utilities paid by the tenant. An open dining and living space with powder room on main level. Kitchen & laundry are renovated with new backsplash, sink and faucet. All appliances are owned by the tenant. Upstairs are 4 beds & a 4pc bath. Freshly painted with new laminate flooring, all exterior doors, deck & HWT (all in 2023), back porch, attached storage/workshop, detached shed, large yard, parking for 4 vehicles. 156 is currently vacant and just underwent $35,000 in renovations including all brand new flooring, paint, carpet on the stairs, a new toilet, a new vanity, and all new appliances. This side offers 3 bedrooms and a 4pc bath with large yard, back enclosed porch, parking for 2 & plenty of storage space. Projected market rent for this unit is $2,000/month. Other building updates include: electrical (2010), newer windows, roof (2013), storage/workshop roof (2021), foundation re-parged. Excellent location, walking distance to downtown Smiths Falls and easy access to Highway 15 and commuting into the city. 24hrs irrevocable on all offers. (id:66888)

Cornwall, Ontario

Attention Investors! An excellent opportunity to add a versatile income-generating property to your investment portfolio! Welcome to 127 Gardner Street, ideally situated just steps from local parks and the St. Lawrence River, with convenient access to St. Lawrence College and everyday amenities, making it an attractive location for tenants and students alike.This triplex, complete with an additional basement in-law suite, offers multiple income streams and excellent flexibility for both investors and owner-occupants. The spacious main-floor unit is currently vacant and was previously rented for $1,800/month, featuring one bedroom, a den, and additional living space in the bright solarium. The vacant basement in-law suite offers a comfortable one-bedroom layout and previously generated $1,400/month. Upstairs, you’ll find two occupied units: a one-bedroom apartment currently rented for $824/month, and a bachelor apartment generating $800/month.Currently generating $19,488 in annual gross rental income from just two occupied units, this property offers significant potential for increased cash flow. By renting the two vacant units at their previous rental rates, the property could generate an impressive $4,824/month or $57,888 annually in gross rental income, before expenses.Additional features include one parking space per unit, three 5′ x 5′ tenant storage lockers, and a spacious 18′ x 12′ shed offering potential for additional rental income or convenient owner storage.Whether you’re looking to expand your investment portfolio, capitalize on the opportunity to increase rental income, or occupy one of the vacant units while having rental income help offset your living expenses, 127 Gardner Street is an opportunity worth exploring! Minimum 24 hours’ notice required for all showings. As per Form 244, all offers must contain a 24-hour irrevocable clause. (id:66888)

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:66888)

Smiths Falls, Ontario

Welcome to 22 Albert St. Built around 1910 this special property has been in the same family for many years holding countless memories throughout the generations. Today, this distinctive duplex offers an opportunity to make it your own, with two separate living spaces and plenty of parking. The 3 bedroom unit features a good sized kitchen with white cabinets, spacious dining and living room with Vp flooring and filled with natural light from the many windows and a convenient main floor 2pc. bath. Upstairs you will find three good sized bedroom and a 3 piece bath. Full of character, with wide plank flooring, original woodwork, nice wide baseboards and a staircase with detailed banister and natural wood treads adding to the homes original charm, this home offers plenty of potential for someone ready to bring their own ideas and updates.The one bedroom bachelor unit has its own entrance as well as hydro metre. It features kitchen and living room, large bedroom upstairs as well as three pc. bathroom, a fantastic rental opportunity!! Whether you’re looking for a home with room for the whole family, a property that could accommodate multi generational living or an investment with possibilities, this unique property is worth a closer look. Located within walking distance of downtown Smiths Falls, local shops, parks and beautiful Rideau Canal. With its rich history, original character and the flexibility of two separate living spaces, 22 Albert St. offers a wonderful opportunity for its next owner to make it their own. (id:66888)

Ottawa, Ontario

Welcome to this well-located up/down duplex in the heart of Hintonburg, just steps to Wellington Street and surrounded by some of Ottawa’s best restaurants, shops, and amenities. This is an ideal opportunity for investors seeking strong rental income in a high-demand area.The property features two self-contained 2-bedroom units, each with separate hydro meters and in-unit laundry. Both units are currently rented on a month-to-month basis, offering flexibility for investors or owner-occupiers. Recent upgrades (2022) include renovated bathrooms, an updated kitchen in the upper unit, and electric baseboard heating throughout. Current rents are $2,100/month for the main floor unit and $1,900/month for the upper unit, with potential for future increases in line with market rates. Situated on a generous 66 x 86.96 ft lot, the property also offers long-term upside for redevelopment in an R4 / N4B H(11) zoned area, making it an excellent hold-and-grow investment. A rare chance to own a solid income property with future potential in one of Ottawa’s most desirable urban neighbourhoods. (id:66888)

Ottawa, Ontario

Fantastic triplex in the heart of Ottawa, ideal for investors or owner-occupants! Discover an exceptional living experience with this well-maintained triplex located in one of Ottawa’s most vibrant and sought-after neighborhoods. Just minutes from downtown, this property offers unbeatable access to the Byward Market, Parliament Hill and the University of Ottawa. Restaurants, shops, and entertainment, everything the city has to offer is at your doorstep. Steps from bike paths along the Rideau Canal, public transit, and major downtown attractions. Perfect for outdoor enthusiasts, students, and professionals alike. The spacious versatile main-floor unit features 3-4 bedrooms, a generous living/dining area, and a beautiful screened-in porch. Ideal for tenants working from home, with flexible space for an office. Two additional units includes one 2-bedroom unit and a 1 bedroom unit, great for consistent rental income. On-site parking & garage, a rare find in central Ottawa provides valuable convenience in a high-demand area. This triplex offers the perfect blend of lifestyle, location, and investment potential. Whether you’re looking to live in one unit and rent out the others, or add a solid income property to your portfolio, this is a must-see opportunity. (id:66888)

Ottawa, Ontario

The CASH FLOW property you’ve been waiting for, just steps off Beechwood Avenue! This fully tenanted three-unit home sits half a block from the heart of Beechwood Village. Cafes, restaurants, bakeries, grocery and transit are all at your doorstep, with New Edinburgh, Rockcliffe Park and the Rideau River pathways a short walk away and downtown and the ByWard Market only a 10 minute bike ride away. Locations like this rarely come to market, and tenant demand here is relentless. INVESTORS: 6.5% CAP RATE. Based on the current rent roll and the seller’s 2025 operating costs, gross income is $61,167, operating expenses are just $13,756 and NET OPERATING INCOME is $47,411. That’s over $850/month(10,266/year) in positive cash flow at conventional financing. Three self-contained units: a 2 bedroom main floor, a 1 bedroom plus 2 den upper and a 1 bedroom lower level. Each unit has its own in-suite laundry and its own hydro meter (tenants pay hydro). There are 4 PARKING SPOTS, rare for the area! Three are rented to the tenants for $1,800/year, and the fourth is available, an easy opportunity for additional income. FANTASTIC tenants are in place. The big-ticket items are DONE. A high-efficiency gas furnace and owned tankless water heater were installed in 2024, so there’s no rental equipment. An engineered partial foundation replacement with a new sump pump was completed in 2021 and 2024, with over $83,000 invested. The front porch and its support wall were rebuilt in 2026, and the kitchens were updated in Unit 2 (2018) and Unit 3 (2022). Low expenses, low maintenance and professionally managed, this is a true turnkey investment in one of Ottawa’s most walkable pockets. Full financial package and pre-inspection available on request. (id:66888)