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

Petawawa, Ontario

A rare opportunity to acquire three well-maintained multi-residential buildings, each offering 8 fully self-contained units for a total of 24 rental apartments – all 2 bedroom, 1 bathroom units. All units are currently tenant occupied, providing immediate and consistent rental income in Petawawa’s strong rental market. Ideally located close to Garrison Petawawa, with convenient access to CNL and Pembroke, this property offers an excellent combination of location, stability and investment potential. Zoned R3-E8, the property provides a desirable multi-residential use with zoning provisions, along with detailed income and expense information upon request with a signed NDA. Each unit has separate hydro metering, with tenants responsible for their own heat and hydro costs, helping keep operating expenses manageable. Built new in 2012, the buildings offer a low-maintenance investment with modern construction and units that remain in demand. Convenient onsite storage is also available, with 18 separate storage units providing tenants with additional secure space for their belongings. Opportunity for higher rents with some units when tenants turnover. With 24 units, strong occupancy and a desirable Petawawa location, this is an exceptional opportunity for investors seeking a substantial multi-residential asset with established income. Gross Rents Yearly: $346,619.16. Operating Expenses Yearly: $117063.16. Net Income Yearly: $229,556.00. Please allow 48 hours irrevocable on all offers. (id:66888)

Ottawa, Ontario

Rarely offered in highly desirable Alta Vista, 2176 Blossom Avenue presents an exceptional opportunity to acquire a well-maintained 28-unit residential apartment building in an established Ottawa neighbourhood. The three-storey property offers a diverse unit mix of 19 one-bedroom units, 8 two-bedroom units and 1 bachelor apartment, providing a well-balanced rental profile. The property features 18 surface parking spaces and convenient on-site laundry facilities on both the ground and third levels. Recent improvements have enhanced the building’s common areas, including a refreshed main entrance with new ceramic tile, fresh paint and a distinctive accent reception wall. Common areas throughout the building have also been updated with new carpet and paint, creating a clean and welcoming atmosphere for residents. With its desirable location, 28-unit scale, diverse unit mix, parking and recent updates, 2176 Blossom Avenue offers a rare opportunity to acquire a well-maintained multi-residential asset in one of Ottawa’s established and desirable neighbourhoods. All additional information on property is available via Dropbox link upon request. Please sign the Non-Disclosure Agreement and return it via email for access to link. (id:66888)

Ottawa, Ontario

Rarely offered and truly one of a kind! This bungalow was taken right down to the studs and rebuilt from the inside out, and it’s now a luxury duplex with a detached coach home in the back. The renovation was led by a passionate real estate investor and done to code with care, quality, and long-term value in mind. The result is built to impress. Just completed, it offers exciting possibilities for investors, entrepreneurs, and multi-generational families alike.There are three self-contained living spaces, each with its own separate entrance and hydro meter:Main floor unit: 2 bedrooms, 1 bath, engineered hardwoodLower level unit: 2 bedrooms, 1 bath, fully finishedCoach home: 1 bedroom, engineered hardwood, private deck and fully fenced yardEvery unit has its own in-suite laundry, quartz countertops, stainless steel appliances and sinks, and designer tile. No corners were cut.Major updates, done for you:New framing and drywall throughoutElectrical, plumbing, and hydro service (2025)Roof, stucco, and foundation membrane with weeping tile (2025)All new fencing (2026)The lot gets beautiful sunlight, and it sits on a quiet, tree-lined street in the established, family-friendly neighbourhood of Elmvale Acres. It’s just minutes from The Ottawa Hospital General Campus, CHEO, and the Smyth Road medical district. Elmvale Acres Shopping Centre, parks, schools, and public transit are all close by, and Highway 417 gets you downtown in no time. Whatever your vision, this property is ready for it. (id:66888)

North Glengarry, Ontario

Turnkey 5-Unit Investment. Exceptional opportunity to own a fully renovated 5-unit residential building in Alexandria. Converted less than two years ago from office space, this property offers modern design, consistent high-end finishes, and strong rental income. The building features four fully leased units generating $6,900/month, with an additional 2,000 sq ft owner’s suite offering excellent potential for added income or owner occupancy. Each unit includes 2 bedrooms, 1.5 bathrooms, in-suite laundry, and energy-efficient heat pumps with A/C. All apartments are finished with granite countertops, quality cabinetry and durable modern flooring throughout. Tenants are on one year leases transitioning to month-to-month, providing both stability and flexibility. All tenants pay their own utilities. Low annual taxes of $6,000 and minimal capital expenditure make this a strong addition to any portfolio with a net income of approximately $90,000.00 per year if owner suite is rented. Located in the growing community of Alexandria, offering steady rental demand, affordability and convenient access to Cornwall, Ottawa, and Montreal. This opportunity is turnkey, low maintenance with strong income potential! (id:66888)

Welland, Ontario

Exceptional turnkey 17-unit apartment building in Welland offered at a 5.5% cap rate with approximately $3,300,000 in assumable financing at 4.75% through June 2029. Fully renovated throughout, all suites offer modern finishes, heat pumps, and in-suite laundry, with most units featuring private balconies. A major value driver is the 5 units added around 2022, which are exempt from Ontario rent control and create outstanding future rental growth potential. Professionally managed and highly stabilized, this is a rare opportunity to acquire a low-maintenance, cash-flowing multifamily asset with built-in upside and favourable debt already in place. (id:66888)

Brockville, Ontario

Rare chance to acquire a 24-unit Brockville multifamily asset offering immediate scale, stable in-place cash flow, and exceptional long-term upside at a 5.0% cap rate. The property features minimal landlord utility exposure with 24 hydro meters and 24 water meters, with nearly all tenants paying their own utilities. Major capital work has already been completed, including the 2022 roof, updated boiler system with new controls, backup boiler, and renovated suites with in-suite laundry. The true story here is the remarkable 61.6% gap-to-market rents, creating a clear path to substantial NOI growth and long-term equity appreciation in a strong Brockville location just off Highway 401. (id:66888)

Ottawa, Ontario

A rare income-generating opportunity in one of Ottawa’s most coveted neighbourhoods. This fully operational fourplex sits on an exceptionally large lot in the heart of Westboro, offering four well-appointed units, each with two bright bedrooms, a full bathroom, an open-concept living and dining area, a generous kitchen, and dedicated storage space – designed with modern tenants in mind.Outside, a spacious backyard provides room to relax or entertain, while the oversized lot opens the door to significant long-term development potential, including future additions or new builds.The Westboro location is second to none. A short walk or drive from boutique shops, independent cafés, restaurants, and everyday essentials, the neighbourhood draws a consistent pool of quality tenants. Outdoor lovers will appreciate easy access to Westboro Beach and the Ottawa River Pathway – ideal for cycling, kayaking, and waterside recreation year-round. Top-rated schools, vibrant community parks, and a thriving cultural scene round out the appeal. Whether you’re a seasoned investor or looking to enter the multi-family market, 244 Westhaven Crescent delivers immediate rental income with room to grow. (id:66888)

Ottawa, Ontario

Fully tenanted six-unit residential building in the heart of Hintonburg, within walking distance of local shops, cafés, everyday amenities and public transit. Each two-bedroom apartment offers approximately 550-600 sq. ft. and a private balcony. The property has an established rental history, with several long-term tenants and no reported vacancies over the past decade. Recent improvements include renovations to several suites and updates to the building exterior. Four apartments were fully renovated in 2023 with updated kitchens, bathrooms, flooring and appliances. On-site laundry and parking add convenience for tenants. An opportunity to acquire an income-producing property in one of Ottawa’s most walkable neighbourhoods. Financial details are available upon request. (id:66888)

St. Catharines, Ontario

Outstanding opportunity to acquire a solid 8-unit multifamily asset in a prime St. Catharines location, offered at a strong 5.6% cap rate with approximately $1,080,000 in assumable financing at 4.5% through March 2029. Many suites feature modern shaker kitchens, quartz counters, stainless steel appliances, updated baths, and LVP flooring, allowing investors to step directly into immediate cash flow with minimal near-term capital requirements. Tenants pay hydro individually, reducing landlord utility exposure, while remaining rental upside through natural turnover provides an excellent path to future NOI growth. A rare blend of turnkey stability, favourable debt, and long-term upside. (id:66888)

Ottawa, Ontario

BRAND NEW CUSTOM-BUILT Multigenerational Home built with top quality workmanship and materials, numerous upgrades and features to mention all here! Large premium lot (65′ X 100′), poured concrete foundation, fully replaced underfloor water and waste management, above water table floor, no water ingress for 56 years, double floor on main level, full foam insulation, all woodwork painted four times, damage protection, Mitsubishi heat pump for both heat and air conditioning with every room having its own unit, full to ceiling tile in bathrooms with tile floors, All bathrooms are fully waterproofed with Kerdi systems to help prevent water leakage and no mold Possibilities .heat floors in bathrooms, sound management between floors to code, full fire separation, top code commercial grade flooring on lower level, full hardwood on upper level,2 X 200 amp electrical services, internet service installed, top floor has 3 bedroom and 2 full bathrooms, lower level has one large bedroom which can be changed to 2 with full bathroom. Walk to Algonquin College, Shopping Center, schools, churches and all amenities! A must see! Call now! (id:66888)

Ottawa, Ontario

Impressive 3-storey circa 1916 triplex income property in a highly sought-after, mature trees neighbourhood near the Experimental Farm, Civic and Royal Ottawa Hospitals, University of Ottawa Heart Institute, Dow’s Lake, LRT, schools, and key employment centres. The largest unit will soon be vacant and ready for new owner/occupant. Fully and professionally renovated from top to bottom, this exceptionally well-managed triplex offers true owner/investor peace of mind, with attention to maintenance, durability, and ease of administration. Ideal for an owner-occupant investor: live-in one unit while tenants help offset ownership costs. One rental unit per floor: a 1-bedroom main-level unit, two spacious 2-bedroom units on the 2nd and 3rd floors, plus a bonus rentable main-floor home office/den with separate access and its own 2-piece bathroom. Potential yearly gross income of $99,000 and NOI of approx. $77,680 with the front office/den and 4th parking space income added. Updated kitchens & bathrooms, quality appliances including dishwashers, granite counters in the largest unit, hardwood floors, updated windows and doors, skylight, two gas fireplaces, four maintenance-free fiberglass/aluminum decks with glass railings including around front veranda, Berber-carpeted halls over ceramic tile, intercom system, and separate basement storage for each unit. Excellent utility separation with five hydro meters, three gas meters, three HVAC units, tenant-paid hot water tanks, and basement laundry with separate hot water connections for each unit. All electrical fixtures, blinds, and shutters included. Sprinkler-irrigated lawn and flower beds add curb appeal. Four paved parking spaces, including one unused for extra income potential. Quick Queensway access & proximity to major employment nodes help support strong tenant demand. A rare totally renovated central Ottawa triplex combining solid income, thoughtful renovations, and lifestyle flexibility, main unit soon ready to move-in! (id:66888)

Ottawa, Ontario

An exceptional investment opportunity in Ottawa’s vibrant West Centretown, ideally situated near Little Italy and Chinatown. 315-317 Booth Street is a well-maintained four-unit property offering spacious accommodations, ample parking, on-site storage, and an enviable central location. Comprising four units with a total of four kitchens and eight bedrooms, the property offers versatile living arrangements and strong tenant appeal. Each residence has been thoughtfully maintained, featuring new flooring, updated bathrooms, and functional layouts. Nine-foot ceilings on both the main and second floors enhance the sense of space and openness, complemented by excellent flow throughout. The property features two two-bedroom apartments and two additional two-bedroom units, each offering eat-in areas and kitchens. Established tenancies provide an existing income stream, while two detached single-car garages and additional surface parking for six vehicles add exceptional convenience. A dry basement and evident pride of ownership further enhance this attractive offering. Residents enjoy easy access to Preston Street’s renowned restaurants, cafés, and specialty shops, as well as the dining and everyday conveniences of Somerset Street. Nearby amenities include Plant Recreation Centre, Pimisi LRT station, LeBreton Flats, downtown Ottawa, Dow’s Lake, the Rideau Canal, and Ottawa River pathways, with convenient access to Highway 417. Combining functional layouts, impressive ceiling heights, substantial parking, and General Mixed Use zoning, this property presents an outstanding opportunity to acquire an established income property in a dynamic, amenity-rich neighbourhood. Please allow 48 hours irrevocable on all offers. Some photos have been virtually staged. (id:66888)