Over $1,000,000 Multi-Family Homes For Sale

Ottawa, Ontario

Turnkey, fully leased six unit in the heart of Westboro an exceptional, one of a kind investment opportunity in one of Ottawa’s most desirable neighbourhoods. This property offers a maintenance-free exterior and showcases pride of ownership with high-quality materials and craftsmanship throughout. Thoughtfully designed with 9-foot ceilings, open riser staircases with sleek glass railings, and modern, open-concept layouts. Gourmet kitchens feature quartz countertops, stainless steel appliances, and ample cabinetry, while interiors are finished with wide plank hardwood and tile flooring. All units include air conditioning, in-unit laundry, private entrances, and spacious balconies equipped with natural gas BBQ hookups, providing a premium living experience for tenants. Ideally located within walking distance to shops, schools, transit, and some of Ottawa’s top restaurants, this property consistently attracts high-quality tenants. Currently fully occupied with strong tenant profiles, including several longer-term leases already in place. A rare opportunity to acquire a low-maintenance, income-generating asset in a prime location with lasting rental appeal. (id:50982)

Ottawa, Ontario

Welcome to 360 Friel Street an exceptional turnkey investment opportunity featuring 16 residential units with separate hydro meters, comprised of 9 fully renovated and refurbished units, 7 newly constructed additional units (recently completed). Unit Breakdown: 1 Three-Bedroom Unit, 3 Two-Bedroom Units, 2 One-Bedroom Units, 10 Studio Units. All units are fully furnished and separately metered, offering operational efficiency, reduced utility risk, and strong tenant appeal. The seller is willing to lease all units, providing investors with a stabilized, income-producing asset from day one. Income Overview Projected Residential Rental Income: $402,420.00, Parking Income: $1,800.00, Laundry Income: $3,780.00, Total Projected Gross Income:$408,000.00, Annually Projected 2026 Operating Expenses Vacancy (2%) – $8,084.00, Property Taxes (5.42%) – $21,484.00, Utilities (5.82%) – $23,064.00 (Heat, Water, Hydro) Repairs & Maintenance (4%) – $15,845.00, Property Management (3.96%) – $15,687.00, Property Insurance (6.85%) – $27,125.00Advertising (0.5%) – $1,981.00, Total Projected Operating Expenses: $113,270.00. Financial Summary – Gross Income: $408,000.00, Less Operating Expenses: $113,270.00, Estimated Net Operating Income (NOI): $294,690.00 annually. This newly completed, fully furnished multi-unit property presents a rare opportunity to acquire a modern, income-generating asset with strong projected returns and long-term growth potential. (id:50982)

Ottawa, Ontario

Prime Investment Opportunity in the Heart of The Glebe! This six-plex is located in one of Ottawa’s most sought-after neighbourhoods, The Glebe. With an extremely desirable location just steps to Bank Street, Lansdowne Park, shops, restaurants, transit, and the Rideau Canal, this property offers exceptional long-term value and rental appeal. Each of the six units features 1 bedroom and 1 bathroom, ideal for professionals and students alike. Tenants enjoy shared laundry and storage area in the basement. The property also includes 4 on-site parking spaces, a rare and valuable feature in this central location. Whether you’re expanding your portfolio or looking for a solid income-generating asset, this property combines location, functionality, and strong rental history- a true Glebe gem! (id:50982)

Ottawa, Ontario

A perfect opportunity for an owner occupy buyer! Situated on one of Sandy Hill’s best streets and walking distance to Ottawa U, downtown, Byward Market, Rideau River and Strathcona park. All three units under complete renovation and units 1 and 3 are available as vacant possession (proper notice required for vacancy by owner occupant buyers for unit 1) One two bedroom unit and two spacious one bed units in this majestic three storey building. Expenses $15,897. Accepted conditional offer required for showings due to construction safety requirements. (id:50982)

Ottawa, Ontario

Turnkey 4-unit income property in the heart of the Glebe generating $96,724 in gross annual income with a strong NOI of $73,705, offering an exceptional opportunity for investors seeking stable cash flow and long-term upside in one of Ottawa’s most sought-after rental markets. This well-maintained building features three legal units plus a fourth non-conforming basement suite, which includes a proper egress window providing a secondary means of escape. Current rents are highly attractive with Unit 1 (main floor 2 bed + den) at $2,700/month, Unit 2 (second level 2 bed + den) at $2,500/month, Unit 3 (third level 1 bed) at $1,891/month, and Unit 4 (basement 1 bed) at $969/month. Each of the upper three units enjoys private outdoor space, including an oversized patio for the main floor unit, significantly enhancing tenant appeal and retention. The property also offers shared laundry facilities and rare on-site parking for four vehicles-a premium feature in the Glebe-including a detached garage with two spaces and two additional surface spots. Beyond the numbers, the building stands out with its character, charm, and architectural presence, blending classic design with functional layouts that consistently attract high-quality tenants. Located in a prime, walkable neighbourhood with strong rental demand, this is an asset where vacancy is virtually nonexistent and tenant quality remains consistently high. (id:50982)

Ottawa, Ontario

Purpose-Built Brick Triplex in a Prime Location! Ideal as a multi-generational home. A property you can easily envision calling home while generating income. This well-maintained triplex offers two spacious 3-bedroom units (approx 1000 sqft each) and one bright 2-bedroom basement (865 sqft) apartment with walkout basement to backyard.. Renovations completed in 2023- Apartments 1 and 2 include – IKEA kitchens including sink, faucets, countertop and backsplash tile, vinyl flooring in hallways, living/dining room, newer appliances and vanity in bathroom; Apt B – bathroom vanity. Tenants pay their own hydro, keeping operating costs low. The basement and second-floor apartments share a common laundry room, while Apartment 1 features a convenient in-unit stackable washer and dryer in the bathroom. Each unit is well divided, bright, and generously sized ideal for tenants or owner-occupiers alike. The 3 apartments feature eat-in kitchens, plus Apt #1 and #2 have option of a large living room area or combined living/dining room. Apt#1 and #2 have identical layouts. Month to Month Tenancy. Roof 2005 with 25 year shingles. 3 Hydro Meters. Newer windows. Large backyard 52′ x 110′ with interlock patio. An investment opportunity live in one unit and collect income from the others. Located within walking distance to Elmvale Acres Shopping Mall, and close to The Perley, CHEO, The Ottawa General Hospital, schools, and Trainyards. 24 hour notice for showings. Tenant in Apt 2. vacating May 1st. Vacant possession will be provided for Basement apartment. (id:50982)

Ottawa, Ontario

Well-maintained triplex offering strong rental income in a convenient location just minutes to downtown. Excellent access to transit, shopping, parks, and everyday amenities make it an appealing location for tenants. This fully occupied property features three spacious units, each offering 2 bedrooms and 1 bathroom. Unit 1 (main floor) currently pays $2200/month. Unit 2 (upper level) currently pays $2100/month (tenants are vacating March 31st – set your new rent!). Unit 3 (lower level) is currently paying $1900/month. Many improvements have been made to the property: basement fully renovated (2025); roof (2023); windows (2015); furnace (2023); exterior paint (2023) and driveway asphalt redone (2023). Information Sheet attached with additional details. Favourable zoning allows for the potential construction of a coach house in the rear yard, providing an opportunity for additional living space, a guest suite, or an income-generating unit (buyer to perform their own due diligence). (id:50982)

Ottawa, Ontario

Welcome to 514 & 516 Bay Street, an excellent opportunity to own a well-maintained 5+1-unit building in the heart of Centretown, offering a solid 6.4% cap rate and positive cash flow. This property combines stable income with immediate rental upside. Located on the corner of Bay and Gladstone, the building sits in a desirable residential pocket surrounded by established single-family homes and multi-unit properties. Just steps to downtown offices, shops, restaurants, and public transit, this prime location continues to attract consistent tenant demand. The property features four 2-bedroom units and two 1-bedroom units, providing a strong rental mix. One unit is currently vacant, offering the new owner the opportunity to set rent at today’s market rate. There is a shared driveway with parking for three vehicles, adding further tenant appeal. Major updates were completed in 2022, including new subfloors, flooring, upgraded kitchens and bathrooms, lighting, insulation, and new appliances in three units. The roof was replaced in 2023, helping reduce near-term capital expenses. For owner-occupiers, the vacant unit also presents the option to move in while the remaining units generate income to significantly offset or potentially cover your mortgage. (id:50982)

Ottawa, Ontario

Outstanding opportunity in the Glebe, halfway between the Rideau Canal and Bank Streets shops, cafés, and transit. This legal 4-unit solid BRICK building combines classic charm with smart, income-generating potential in one of Ottawa’s most desirable neighbourhoods. Featuring two 2-bedroom units and two 3-bedroom units (with dishwashers!), each suite is bright, spacious, and well-maintained, ideal for professional tenants. The property offers multiple balconies, a two-car garage, and a coin-operated laundry for added convenience and income. Recent system updates ensure efficiency and peace of mind, while original character elements — very high ceilings, transom windows, hardwood floors, wonderful original trim, updated antique light fixtures, and large windows — enhance the property’s timeless appeal. This building represents a rare combination of stability, location, and upside potential. Investors will appreciate the solid rental history and strong tenant demand, while those seeking an owner-occupied option will find the generous main-floor or upper units ideal for personal use with income support from the remaining apartments.The property sits mid-block on Strathcona Avenue, just steps to the Canal pathways, Lansdowne Park, parks, schools, and all the amenities of Bank and Elgin streets. A truly turnkey investment or flexible live-in opportunity offering the perfect balance of lifestyle and long-term value in the heart of the Glebe. Updated systems. Long term owner. Close to everything. Two outdoor plus two garage parking spaces. Private drive. Amazing opportunity! Gross Income: $108,300/year. Expenses 2025: $24,827. No conveyance of any written signed offers prior to 5pm on the 2 day of April 2026. (id:50982)

Ottawa, Ontario

Rare opportunity in the heart of the Glebe! Located on a quiet, tree-lined street at the corner of O’Connor Street and Monkland Avenue, this versatile property is ideal for a medical practice with residential income above. The ground floor offers approximately 1,800 sq ft and is currently fitted for a doctor’s office, with excellent visibility and accessibility. Potential to convert into rental apartments instead if the next owner chooses. The second floor features a spacious 1,800 sq ft three-bedroom, one-bathroom apartment, while the third floor includes a two-bedroom apartment of approximately 800 sq ft. The unfinished basement provides generous storage, including two dedicated storage lockers for current residential tenants. Ample street parking available but also a dedicated garage and two driveway spots. Set in a spectacular Glebe location, this property is steps from Bank Street’s shops, cafes, and restaurants, and just a short walk to Lansdowne Park. A rare opportunity to combine professional space, residential living, and long-term investment in one of Ottawa’s most sought-after neighbourhoods. (id:50982)

Ottawa, Ontario

Rare opportunity in the heart of the Glebe! Located on a quiet, tree-lined street at the corner of O’Connor Street and Monkland Avenue, this versatile property is ideal for a medical practice with residential income above. The ground floor offers approximately 1,800 sq ft and is currently fitted for a doctor’s office, with excellent visibility and accessibility. Potential to convert into rental apartments instead if the next owner chooses. The second floor features a spacious 1,800 sq ft three-bedroom, one-bathroom apartment, while the third floor includes a two-bedroom apartment of approximately 800 sq ft. The unfinished basement provides generous storage, including two dedicated storage lockers for current residential tenants. Ample street parking available but also a dedicated garage and two driveway spots. Set in a spectacular Glebe location, this property is steps from Bank Street’s shops, cafes, and restaurants, and just a short walk to Lansdowne Park. A rare opportunity to combine professional space, residential living, and long-term investment in one of Ottawa’s most sought-after neighbourhoods. (id:50982)

Ottawa, Ontario

Located in the heart of Centretown, this very well-maintained fourplex offers a rare combination of strong in-place income and owner-occupier flexibility. The owner-occupied main unit features 2 bedrooms plus a den, access to a large private deck, and offers potential rental income of approximately $2,400/month, making it ideal for an investor or buyer seeking a live-in investment opportunity. The remaining units include a 2-bedroom second-floor apartment currently rented at $2,280/month, a spacious one-bedroom third-floor unit rented at $1,880/month, and a recently renovated one-bedroom basement apartment rented at $1,640/month. Each unit includes the convenience of its own in-unit laundry. A standout feature of this property is the rare six on-site parking spaces, along with a garage currently used as a workshop, offering additional flexibility. The space may present an opportunity for future rental income or conversion back to a garage, subject to buyer due diligence and any required approvals. Ideally located close to transit, shops, restaurants, and downtown amenities, this property represents a compelling opportunity for investors or owner-occupiers looking to establish themselves in one of Ottawa’s most sought-after central neighbourhoods. (id:50982)