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

Mississippi Mills, Ontario

Purpose-built 24-unit apartment building completed in 2020, located in the growing community of Almonte, approximately 20 minutes west of Ottawa. This modern three-storey asset features a strong and practical unit mix comprised of 17 two-bedroom units, 2 one-bedroom units, and 5 three-bedroom units, and is serviced by an elevator, making it attractive to a broad range of tenants and long-term demographic demand.Suites range from approximately 650 to 955 square feet and feature efficient, open-concept layouts. Units are finished with laminate flooring, are equipped with fridge, stove, dishwasher, and window coverings. Coinamatic’s modern laundry facilities are conveniently located on every floor.From an operational standpoint, the property is designed for efficiency and ease of management. Tenants pay hydro, while the landlord pays gas heat, water, and sewer. The site offers approximately 30 parking spaces plus 5 visitor parking, with additional street parking available. Security features include controlled entry with intercom and camera-monitored common areas.As a newer construction, the property has benefited from favourable property tax treatment applicable to new multi-residential rental developments, subject to municipal tax classifications. In addition, as a post-2018 construction, the building benefits from rent control exemption, providing meaningful long-term income growth potential.Ideally situated within walking distance to grocery stores, pharmacies, restaurants, banks, parks, coffee shops, and essential services, the property benefits from Almonte’s continued population growth and proximity to Ottawa’s west end.A modern, scalable multifamily asset offering strong fundamentals, durable construction, and long-term stability in a supply-constrained rental market. (id:50982)

Ottawa, Ontario

Welcome to an exquisitely redesigned and maintained residence in New Edinburgh. Architect-owned and thoroughly updated, this elegant home offers serene, light-filled living with layout ideal for families, entertaining, or multi-generational life. Upstairs, the main level features a refined living room (anchored by a wood-burning fireplace and custom bookcase built-ins) and treetop views from the dining rooms Juliette balcony. The kitchen is sleek and functional, beautifully redesigned. A full bath, bright den, and expansive family room complete the level. Upstairs: two large, luxurious bedrooms and a crisply renovated bath. On the ground floor, a stunning tenant suite mirrors the upper level with equal care nearly identically, additionally including two generous bedrooms. The lower level includes laundry, storage, two private garages, and versatile bonus space with bath. All just steps from parks, cafes, and the river trails along Ottawa’s most cherished heritage neighbourhood. An unique investment opportunity. (id:50982)

Smiths Falls, Ontario

This fully tenanted 6-unit apartment building sits on a generously sized lot, backing directly onto the UNESCO World Heritage Site, the Rideau Canal-offering access to scenic walking trails and outdoor recreation. Located in a quiet, residential neighbourhood known for its charm and upscale character, the property is just two blocks from the main business district and all amenities in the revitalized downtown core. The building offers beautiful canal views, specifically from the second-floor balcony, and attracts quality tenants due to its desirable surroundings. All tenants pay their own heat and hydro, with gas heating in place. Ample parking is available, with space for approximately two vehicles per unit. Current rental income is as follows: Unit 1: $871, Unit 2: $847, Unit 3: $1,896, Unit 4: $1,090, Unit 5: $1,800, Unit 6: $1,800. With strong existing cash flow and significant upside potential to increase rents, this property presents an excellent opportunity for investors seeking long-term growth and reliable returns. Two 3-bed units & four 2 bed units, cash cow. Please, contact Brad Closs for more information or to arrange a viewing. (id:50982)

Ottawa, Ontario

OPEN HOUSE THURSDAY APRIL 16TH, 11AM-1PM. Landmark corner triplex in the heart of the Glebe offering refined owner occupied living with excellent income and potential and over 4,775 sq ft of total living space. The award winning main residence, recipient if the 2019 GOHBA Best Renovation over $500K and featured on the 2023 Glebe Tour of Homes, underwent an extensive renovation and addition in 2017 and 2018 with exceptional craftsmanship and high end finishes throughout. The luxurious owner occupied main level unit offers 3+1 bedrooms plus a recreation room and 2+1 bathrooms. Thoughtfully designed open concept living spaces are paired with outstanding soundproofing for comfort and privacy. Enjoy a wrap around front porch and two private courtyards with low maintenance landscaping and quality exterior finishes that create seamless indoor outdoor living. Two well proportioned income suites with a separate entrance at 641 Lyon St S each feature generous private outdoor areas and dedicated parking. Unit #2 includes 2 bedrooms and 2 bathrooms with an ensuite and was renovated in 2012. Unit #3 offers 2 bedrooms and 1 bathroom plus a loft area ideal for a home office or flex space. A rare triple car garage, and oversized laneway adds significant value for the area. Strong net income and potential for future fourth unit in the basement to further enhance the investment profile. A distinguished multi residential opportunity in one of Ottawa’s most established and vibrant neighborhoods. This property is exceptional! (id:50982)

Ottawa, Ontario

Stately all-brick triplex in the heart of Centretown- an exceptional turnkey investment opportunity just steps to shops, restaurants, transit, and all urban amenities. Situated on a quiet one-way street surrounded by beautifully renovated homes, this meticulously updated property (2012) blends timeless character with modern finishes throughout. Offering three self-contained units, this property features two spacious 3-bedroom apartments plus a 1-bedroom lower unit, each with in-suite laundry and tenants paying hydro-an ideal setup for strong, consistent income. Apt. 1 -The main floor OWNER’S SUITE (approx. 1915 sq ft) is a standout, showcasing a bright open-concept layout with a luxurious kitchen featuring extensive quartz countertops, high-end stainless-steel appliances, and an oversized eat-in bar that comfortably seats six-perfect for entertaining. The expansive living and dining area is anchored by a gas fireplace with custom built-ins, creating a warm yet sophisticated space + access to the landscaped rear garden. This level offers two generous bedrooms, a full bath, plus a fully finished lower level with a 3rd bedroom + a media room, 2nd full bathroom, and laundry. Potential rental income of approx. $3,600/month. Apt. 2 – The upper unit spans the second and third floors, offering over (1201 sq ft) of living space. This well-designed layout includes 3 bedrooms (1 on the second floor & 2 on the third floor), a lovely kitchen with an eat-in area, a full bathroom, and in-unit laundry + a front balcony. Bright and spacious, this unit generates $2,200/month. Apt. 3 -The lower 1-bedroom unit (562 sq ft) is well-appointed and currently brings in $1,425/month. Additional highlights include a private backyard with deck and patio, 2 parking spaces (one in front and potentially one in garage) A rare opportunity to own a beautifully maintained, income-generating property in one of Ottawa’s most desirable central neighbourhoods. (id:50982)

Ottawa, Ontario

An exceptional opportunity to secure a custom-built fourplex in the heart of Overbrook-perfect for investors looking to expand their portfolio or families seeking a versatile multi-generational living solution. Configured as a triplex with a legal non-conforming fourth unit, this well-designed property offers a total of 13 bedrooms and 8 bathrooms, providing strong income potential and flexible living arrangements. Each unit is thoughtfully designed with functional layouts, in-unit laundry, and modern conveniences including stainless steel appliances and dishwashers. The property includes on-site parking with additional street options available, making it attractive for tenants and owners alike. For investors, this is a rare chance to acquire a high-demand rental asset in a rapidly evolving neighborhood with growing appeal and long-term upside. The multiple units allow for diversified income streams and stable occupancy in a location that continues to see increased interest. For end-users, this property is ideal for multi-generational living-offering the ability to live together while maintaining privacy and independence across separate units. Whether accommodating extended family or offsetting your mortgage with rental income, the flexibility here is unmatched. Situated in beautiful Overbrook, residents enjoy a quiet, community-oriented neighborhood just minutes from Ottawa’s urban core. Walking distance to the St. Laurent Shopping Centre, LRT, grocery stores, restaurants, parks, and schools ensures everyday convenience. Downtown Ottawa, the ByWard Market, and Sandy Hill are all just a short drive away. Overbrook combines suburban comfort with unbeatable proximity, making it one of the city’s best-kept secrets now gaining well-deserved attention. Don’t miss your chance to own a turnkey fourplex in a prime location-an ideal blend of lifestyle and investment potential. (id:50982)

Ottawa, Ontario

Incredible investment opportunity in Old Ottawa South! Large multi-unit on expansive 30′ x 161′ lot newer 3,000 sqft addition containing 3 additional apartments plus main front house. All 4 apartments tenanted. One 3-Bedroom unit, two 2-Bedroom units and one 1 Bedroom unit. The older front of home unit has been updated with hardwood floors, granite countertops and newer cabinetry and updated bathroom – it has it’s own Furnace (2020), A/C (2017) and Hot Water Tank (Rental). New addition completed in 2017 with 2 Furnaces and 2 Central Air units. 3 Hydro meters, 3 gas meters and 1 water meter. All units have in-unit laundry. Sump pump 2017, Roof 2017. City of Ottawa has suggested plan of a 5-plex for potential income increase. Building is legal as it stands. Current total gross monthly rental income is $11,349.31. Annual gross income: $131,055.00. Annual expenses: $24,288.30. Annual net income: $106,766.70. Motivated vendor. PROPERTY SOLD AS IS WHERE. Cap rate: 6.3%. (id:50982)

Ottawa, Ontario

Incredible investment opportunity in the heart of Old Ottawa South! This fully tenanted multi-unit property sits on an expansive 30′ x 161′ lot and features a newer 3,000 sq. ft. addition, creating four self-contained apartments in total.The building includes one spacious 3-bedroom unit, two well-appointed 2-bedroom units, and one 1-bedroom unit. The original front unit has been tastefully updated with hardwood floors, granite countertops, modern cabinetry, and a renovated bathroom. It also features its own furnace (2020), A/C (2017), and rented hot water tank. The 2017 addition was thoughtfully constructed with two furnaces and two central A/C units. Additional improvements include roof (2017) and sump pump (2017). The property is serviced by 3 hydro meters, 3 gas meters, and 1 water meter. All units offer the convenience of in-unit laundry. Currently generating $11,349.31 in gross monthly rental income with a 6.3% cap rate. The property is legal as it stands, and the City of Ottawa has suggested potential for a 5-plex configuration, offering future upside for increased income. (id:50982)

Ottawa, Ontario

Charming and picturesque four plex, 3 x one bedroom and a den and a 2 bedroom in desirable Rockcliffe Park. This unique property is located on a quiet street on a large and mature 76′ x 101′ lot. Updates include roof shingles (’21 and ’19), chimney (’12), gas boiler (’17), updated wiring with ESA Certificate on file (’09) and much more! This well maintained property was recently repainted (exterior and interior common areas). 2 car detached garage. Survey on file (’68). Steps to Beechwood Village. 24 hours notice required for all showings. 24 hour irrevocable required on all offers. No showings after 7:00 pm. A multi generational opportunity. (id:50982)

Ottawa, Ontario

FULLY LEASED 6-unit investment generating $150,000 annually in the heart of Hintonburg, one of Ottawa’s most vibrant and walkable neighbourhoods. Offering IMMEDIATE STABLE INCOME, this exceptional property has been completely rebuilt from the studs, seamlessly blending its classic brick exterior with modern construction, efficiency, and low-maintenance design-ideal for long-term investors. Each self-contained unit features a PRIVATE ENTRANCE, offering a rare level of privacy and independence for tenants. Interiors are finished with quality craftsmanship, including quartz countertops, custom cabinetry, tiled bathrooms with glass showers, dimmable pot lighting, in-unit laundry, and individual temperature controls. Large windows throughout-including in lower-level units-fill the spaces with natural light, creating bright and comfortable living environments. Designed with energy efficiency in mind, the property qualifies for CMHC MLI Select financing, enhancing its investment appeal. Situated just steps from Wellington West, Preston Street, and the LRT, this is a RARE OPPORTUNITY to own a fully stabilized asset in one of Ottawa’s most vibrant urban communities. Complete offering package available upon request. *Some images have been digitally enhanced for illustrative purposes only. (id:50982)

Ottawa, Ontario

Welcome to Little Italy, an iconic neighborhood in the heart of the city, where a sleek and modern 4plex awaits you. This newly constructed legal 4plex exudes sophistication and style, with each unit featuring spacious layouts, high-end finishes, and an abundance of natural light. The property is fully rented with great tenants, ensuring a steady stream of rental income for the savvy investor. Little Italy is a prime location known for its lively atmosphere and vibrant community, making it an ideal spot for real estate investment. With low maintenance costs and high demand, this 4plex presents a lucrative opportunity for those looking to capitalize on the dynamic real estate market in Little Italy. Gross Rent $82,200 projected 2026. Explosive Air BNB potential. Close to O-Train, Lebreton Flats, Dow’s Lake, many specialty shops , restaurants and vibrant festivals. 24hrs notice for showings & 24hrs irrevocable on all offers, as per form 244. (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. Updated windows about 15 years ago. 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 (currently for lease). Vacant possession will be provided for Basement apartment. (id:50982)