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

Ottawa, Ontario

Welcome to 455/457 Somerset Street West a rare opportunity to acquire a turnkey 6-unit building in one of Ottawa’s most vibrant and in-demand rental locations. This well-maintained property generates a strong NOI of $125,496.90, with a 5.60% cap rate, and bonus immediate upside: 1 purposely positioned vacant unit is ready for renovation, allowing the next owner to quickly increase rental income and unlock further value. Each of the six units offers a spacious, thoughtfully designed layout that promotes long-term tenant satisfaction. With a tenant profile geared toward young professionals and transient renters, there is considerable potential to elevate rents to market levels with minimal capital investment. Situated in the heart of Centretown, steps to shops, restaurants, universities, and transit, this asset benefits from both premium location and consistent rental demand. Investors will appreciate the mix of stability and opportunity ideal for portfolio growth or as a high-performing entry into Ottawa’s multi-residential market. Feature sheet available which breaks down all unit sizes and lease information. Vacant unit rent assumed in listed NOI. (id:50982)

Ottawa, Ontario

This property, known as Creekside Lofts, is adjacent to Poole Creek and consists of 3 parcels: 35 and 37 Cloverloft Court are legal duplexes rented out for medium term rentals (30 days or longer up to 180 days). 35A Cloverloft Court is a vacant lot to be developed for up to 4 additional units. This listing is being sold as a package to a developer, investor or a sitting owner who wants to live in one unit and rent out the others. Alternatively, the property would be ideal for a multi-generational family compound or co-operative housing. Each furnished unit consists of three bedrooms and two baths. They typically rent for $3,500 per month per unit. Total potential revenue from two existing duplexes are $14,000 monthly ($168,000/year gross) plus additional revenue from the development potential of the currently vacant lot (with up to four more units). The lots are exceptionally deep and all are pie-shaped, Depths ranges are from 145.7 to 164.4 feet. Zoning is R1D[2240]: Primarily single-detached dwelling plus the addition of a secondary dwelling units. As of 2025-2026, many R1 zones are transitioning to new “N-series” (Neighbourhood) zones that allow up to 4 units per lot. Subject properties are close to services and jobs, 7-mins from the Canadian Tire Centre and there is a natural area behind the properties bordering Poole Creek which provides noise reduction, privacy and beauty. High Ranch construction means lower level units are only 1/2 level down, have 8-foot ceiling heights and have large windows, good daylighting. Each unit is about 1,350 square feet, all with separate ingress/egress. Existing interim income from the two developed lots increases a buyer’s ROI/IRR (return on investment/internal rate of return). Lastly, a buyer could legally add some 15 sq m (161.5 sq ft) backyard or sideyard workshops or mancaves or she-sheds or backyard offices to further boost both utility, tenant stickiness and ROI/IRR. There are three PINs and three legal descriptions. (id:50982)

Ottawa, Ontario

Turnkey income property in one of Ottawa’s most sought-after neighbourhoods. This fully tenanted six unit building comprises two semi-detached buildings offering nine bedrooms across six units – three spacious two-bedroom units at No. 22 and three one-bedroom units (one with den) at No. 24 – generating strong income with excellent upside at renewal. Over $250,000 in capital improvements since 2010 including a modern gas boiler, all-new electrical panels, vinyl siding and windows, a comprehensive drainage system, new retaining wall, and professionally renovated kitchens and bathrooms with hardwood and ceramic flooring throughout. Unit 3-22 features a rooftop terrace with composite decking, and Building 24 has a newly constructed rear staircase with exclusive use decks – both exceptional lifestyle additions rarely found in multi-residential. The 6,225 sq ft lot (50 ft 124.5 ft) sits in the new N4B zone under Ottawa’s 2026 Zoning By-law, presenting significant redevelopment or intensification potential while current income covers carrying costs. Eight dedicated parking spaces included. Steps to the Hintonburg shops along Wellington Street, the O-Train Bayview and Tunney’s Pasture stations, the Ottawa River pathway, and a quick commute to the Civic Hospital and downtown. Low operating expenses and a proven rental market driven by young professionals, federal employees, and health care employees make this a compelling hold or build opportunity. Email today for the complete details. (id:50982)

Ottawa, Ontario

Welcome to 66 Delaware Avenue, Golden Triangle Ottawa! In an area with easy access to winter and summer sports, shopping, dining, entertainment, parks, bike baths, and more sits this lovely, well maintained four unit architecturally interesting building. The ground floor holds Apt.1 – 2 bedroom, 1 4pc bath, gourmet kitchen w/four appliances and inside access to basement laundry and storage. 2nd floor is home to large 1 bedroom, 3 piece bath, custom newer kitchen w/4 appliances and also a lovely large two room studio apartment with south facing deck, 2 kitchen appliances included. 3rd floor features a large 2 bedroom unit, with 2 kitchen appliances. Units 2 @ 3 pay hydro. The building is efficiently heated by hot water natural gas radiant heat. High ceilings all newer vinyl tilt & clean windows. N. Gas Boiler and all Asphalt Shingled roofs have been re done over the past 12 years. (id:50982)

Ottawa, Ontario

$13M CMHC-insured 3.75% 40 year assumable Mortgage – A rare opportunity to acquire a purpose-built 40-unit building in the heart of Sandy Hill, within downtown Ottawa, delivering an impressive NOI of $715,980 and a major built-in value-add. Included with the offering is an approved, permit-ready addition directly beside the existing building, allowing for the development of 18 additional units, a future expansion opportunity exceptionally hard to find in today’s market. All suites have been fully renovated since 2020, and along with the modernized finishes, unit layouts were thoughtfully optimized to improve livability and long-term rental performance. Previous ownership also completed substantial infrastructure upgrades, including hydro vault (2006), elevator rebuild to new (2010), roof (2012), lobby doors (2012), dual boilers (2014), and balcony updates (2015). These capital improvements significantly reduce near-term maintenance exposure while supporting premium furnished rents. The building offers a desirable mix of studio, one-bedroom, and two-bedroom suites, all fully furnished and with utilities included, attracting a strong and dependable tenant base of young professionals and students. Located along Laurier Avenue, the property benefits from unmatched proximity to downtown amenities, Ottawa University, government offices, and major transit corridors, making these units consistently easy to lease. This is a high-performing, centrally located multi-residential asset with a dynamic tenant pool, fully updated interiors, substantial capital improvements, and a shovel-ready expansion opportunity. (id:50982)

Ottawa, Ontario

Welcome to one of Ottawa’s most impressive architectural masterpieces. Built in 2016 by Bellagio, this ~7,800 sq. ft. custom luxury triplex was designed by the builder-owner with no expense spared. Combining sophisticated modern living with exceptional investment upside, this property is offered significantly below today’s replacement cost of ~$3.5M+. Each expansive residence spans 2,400 to 2,750 sq. ft. and features 3 to 4 bedrooms, 2.5 baths, soaring 9-foot ceilings, and open-concept layouts. Premium craftsmanship is evident throughout, including engineered hardwood, quartz waterfall islands, Italian porcelain, custom cabinetry, floor-to-ceiling windows, and 8-foot solid-core doors. Independence is guaranteed as every unit is equipped with its own electrical panel, furnace, HRV, tankless water heater, and in-suite laundry.The building is designed for elite entertaining, featuring a grand floating staircase that is elevator-ready, a heated double garage, and a common theatre room. The massive rooftop patio is a true urban oasis, prepped for a full outdoor kitchen, hot tub, and shower, all while offering stunning panoramic views of the downtown skyline. Strategically located steps from the Rideau Sports Centre, Sandy Hill footbridge, and Ottawa U, the property is primed for long-term growth with R4UC-C zoning and an upcoming shift to CM2 zoning in 2025 for potential commercial use. The fire-rated basement is already roughed-in for a 4th/5th unit, making this a rare opportunity for multi-generational living, high-end rentals, or a future condo conversion. The upcoming CM1 zoning (2025) transforms this property into a high-density, mixed-use asset. This new designation permits building heights typically up to four storeys and introduces a wide range of commercial uses, including professional offices, medical clinics, daycares, and retail.Experience the ultimate in Ottawa luxury with endless potential. Book your private showing today. (id:50982)

Ottawa, Ontario

Experience a rare blend of modern luxury and high-yield investment at 36 Ontario Street, a stunning 2016-built triplex generating over $124,000 in annual rental income. Nestled on a quiet street just steps from the Rideau River, this property offers an unparalleled lifestyle in a thriving neighbourhood, all while staying minutes from downtown Ottawa and within walking distance to every imaginable amenity. Boasting approximately 7,500 square feet of sophisticated interior space, the building is defined by its striking stone facade and premium finishes. Inside, you will find hardwood flooring, quartz countertops, custom cabinetry, nine-foot ceilings, and massive windows that bathe every floor in natural light. The exterior is designed for both security and leisure, featuring four private balconies, a garage, and an expansive rooftop patio capable of hosting 20 or more guests, all protected by a modern camera system. The floor plans are remarkably generous and versatile. Unit 1 offers three bedrooms, a main-floor office, three full bathrooms, and exclusive access to the rooftop terrace. Unit 2 is exceptionally spacious, providing five bedrooms plus a den, three and a half bathrooms, three separate entrances, and a cold storage room. Unit 3 completes the building with four bedrooms plus a den and two and a half bathrooms. The investment potential here is truly future-proof. Unit 2 is already roughed-in for a kitchen and features a separate entrance, providing a straightforward path to a legal four-plex conversion. Furthermore, the property sits within the City of Ottawa’s newly approved N4B zoning transect. This powerful designation supports significant intensification, allowing for heights up to four storeys and expanded permissions for multi-unit or professional mixed-use redevelopment. With strong existing income, high-end modern finishes, and flexible growth potential, 36 Ontario Street represents a rare and prestigious opportunity in the heart of the capital. (id:50982)

Brockville, Ontario

Exceptional investment opportunity in a newly developed subdivision by reputable builder Mackie Homes. This offering consists of two purpose-built multiplex buildings, each containing four fully self-contained residential units, for a total of eight units across two civic addresses. Each spacious unit ranges from approximately 1,330 to 1,458 square feet and is thoughtfully designed with separate entrances and modern layouts appealing to today’s renters. Every property includes one main level unit and one lower level unit. Main level units benefit from exclusive access to a private garage along with one additional parking space, while lower level units each include a dedicated parking space. Situated in a highly desirable and rapidly growing area, these buildings offer strong rental appeal and long-term investment potential. Several units are already tenanted, providing immediate income, while remaining units are currently being marketed with significant tenant interest. Built by Mackie Homes, known for quality craftsmanship and desirable community developments, these low-maintenance properties present an excellent opportunity for investors seeking a turn key, income generating asset in a prime location. Ideal for those looking to secure a stable addition to their real estate portfolio with both immediate cash flow and long-term appreciation potential. (id:50982)

Brockville, Ontario

Exceptional investment opportunity in a newly developed subdivision by reputable builder Mackie Homes. This offering consists of two purpose built multiplex buildings, each containing four fully self contained residential units, for a total of eight units across two civic addresses. Each spacious unit ranges from approximately 1,330 to 1,458 square feet and is thoughtfully designed with separate entrances and modern layouts appealing to today’s renters. Every property includes one main level unit and one lower level unit. Main level units benefit from exclusive access to a private garage along with one additional parking space, while lower level units each include a dedicated parking space. Situated in a highly desirable and rapidly growing area, these buildings offer strong rental appeal and long term investment potential. Several units are already tenanted, providing immediate income, while remaining units are currently being marketed with significant tenant interest. Built by Mackie Homes, known for quality craftsmanship and desirable community developments, these low maintenance properties present an excellent opportunity for investors seeking a turn key, income generating asset in a prime location. Ideal for those looking to secure a stable addition to their real estate portfolio with both immediate cash flow and long term appreciation potential. (id:50982)

Ottawa, Ontario

Welcome to 44 St Andrew – an incredible Byward Market investment opportunity with 4 income-generating units and potential for future redevelopment. Situated on a R4UD-zoned lot, this multi-family property is steps from Major’s Hill Park, Parliament Hill, the National Gallery, boutique shops, restaurants, and the scenic Rideau Canal.This multi offers investors a solid foundation with immediate rental income and the potential for future growth or redevelopment. Its prime location in one of Ottawa’s most walkable urban neighbourhoods makes it highly attractive for tenants and investors alike. Don’t miss this opportunity to own a piece of historic Ottawa with strong upside potential. (id:50982)

Ottawa, Ontario

ATTENTION BUILDERS & INVESTORS – SHOVEL READY 9 UNIT DEVELOPMENT Vanier, Ottawa. 220 McArthur Avenue represents a rare opportunity to acquire a fully entitled, shovel ready development site in one of Ottawa’s fastest intensifying urban corridors. Ideally positioned steps from Vanier Parkway and McArthur Avenue, the site benefits from excellent transit connectivity, proximity to downtown, and strong longterm rental fundamentals. The property is offered at $1.6M as land with approvals, featuring a demolition permit issued and fully approved architectural plans for a 9 unit residential building. All utilities have been fully disconnected, allowing for an immediate and efficient start to redevelopment. Estimated Project Economics (Upon Completion) Approximate Gross Monthly Rental Income: $20,600, Approximate Gross Annual Rental Income: $247,200, Estimated Stabilized Net Operating Income (NOI): ~$181,764 Capitalization Rate Applied: 5.50% Estimated Stabilized Value: ~$3.3M. A future value appraisal has been completed by an AACI designated appraiser, with valuation conclusions based on the above stabilized income assumptions, subject to construction in accordance with the approved plans. Preliminary construction cost guidance suggests approximately $1.8M, subject to final contractor pricing, scope confirmation, and purchaser due diligence. To obtain the final release of approved plans from the City, a known and fully disclosed municipal payment of approximately $95,000 remains outstanding.The project is eligible for CMHC MLI Select financing, offering the potential for below prime interest rates and amortization periods of up to 50 years, significantly enhancing leverage, cash flow, and long term return potential, subject to CMHC and lender approval. NDA required prior to the release of architectural drawings, appraisal materials, supporting documentation, or the scheduling of site visits (id:50982)