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

Ottawa, Ontario

Investment opportunity in the heart of Ottawa’s Centre town West/Little Italy. This well-positioned six-unit multi-residential property offers a strong combination of current income and future upside. Featuring three 2-bedroom units, two 3-bedroom units, and one 1-bedroom unit, the property generates approximately $129,600 in gross annual rental income. The property benefits from rear parking, generous unit layouts, and opportunities to further optimize rents and operating expenses. Located steps from Preston Street and Chinatown, with convenient access to restaurants, retail, transit, and ongoing infill development throughout the surrounding area. A solid income-producing asset in a central Ottawa location with long-term investment potential. (id:66888)

Ottawa, Ontario

Exceptional Purpose-Built Fourplex in Sought-After Westboro. An outstanding opportunity to own a custom-built, three-storey fourplex in the highly desirable, walkable community of Westboro. Offering over 4,000 square feet above grade and built in 2018, this impressive income property combines quality construction, upscale finishes, and exceptional investment potential. Each luxury two-bedroom, two-bathroom unit features a bright, open-concept layout, ensuite bathrooms, in-unit laundry, quartz countertops, and high-quality finishes throughout. Spacious private balconies enhance the above-grade units. Separate heating and hydro help streamline utility management. Ideal for investors, owner-occupiers, or multi-generational families, this versatile property offers the opportunity to live in one unit while generating rental income from the remaining three, or to maximize its potential as a pure investment property. Annual rental income of $128,628. Two parking spaces are located at the rear. Walkable amenities, shops, restaurants, and convenient access to transit, this is a rare opportunity to acquire a substantial, high-quality multi-unit property in one of Ottawa’s most sought-after neighbourhoods (id:66888)

Ottawa, Ontario

Rarely offered for sale, this purpose-built 6-plex is ideally located in one of Ottawa’s most desirable rental neighbourhoods, just a 15-minute walk to Westboro Village and with equally convenient access to Wellington Village. Exceptionally well maintained by its owner, the property has been thoughtfully cared for over the years, with each of the six units updated. The spacious unit mix includes two 4-bedroom units, three 2-bedroom units and one 1-bedroom unit. All units feature hardwood flooring, eat-in kitchens and generous living spaces. A particularly rare feature is the 5-bay detached garage plus 3 additional surface parking areas, providing excellent parking and storage options, along with individual storage lockers for each apartment. This combination of dedicated garage space and private storage is an uncommon offering for a property of this type and location. The purpose-built building offers convenient access to all units through the front stairwell, with a separate rear stairwell providing access to the garage parking and shared paid laundry facilities. The property currently generates a strong Net Operating Income, with additional upside potential based on today’s market rents. (id:66888)

Ottawa, Ontario

Rarely offered for sale, this purpose-built 6-plex is ideally located in one of Ottawa’s most desirable rental neighbourhoods, just a 15-minute walk to Westboro Village and with equally convenient access to Wellington Village. Exceptionally well maintained by its owner, the property has been thoughtfully cared for over the years, with each of the six units updated. The spacious unit mix includes two 4-bedroom units, three 2-bedroom units and one 1-bedroom unit. All units feature hardwood flooring, eat-in kitchens and generous living spaces. A particularly rare feature is the 5-bay detached garage plus 3 additional surface parking areas, providing excellent parking and storage options, along with individual storage lockers for each apartment. This combination of dedicated garage space and private storage is an uncommon offering for a property of this type and location. The purpose-built building offers convenient access to all units through the front stairwell, with a separate rear stairwell providing access to the garage parking and shared paid laundry facilities. The property currently generates a strong Net Operating Income, with additional upside potential based on today’s market rents. (id:66888)

Ottawa, Ontario

Located in highly sought-after Lindenlea, this substantial side-by-side duplex presents an exceptional opportunity for investors or owner-occupiers seeking a versatile income-producing property in one of Ottawa’s most established residential areas. Offering two well-appointed units with bright interiors, functional modern floor plans, hardwood and laminate flooring, granite finishes, and two private rear gardens, the property provides excellent flexibility. Live comfortably in one side while generating income from the other, accommodate multi-generational living, or operate the property as a traditional long-term rental investment. Both units also feature walk-out lower levels, providing valuable additional living space ideal for a family room, home office, teenage retreat, or other flexible uses. The lower levels may also offer potential for additional rental income.The location is equally compelling. Just minutes from the restaurants, cafés, and shops of Beechwood Village, excellent schools in Rockcliffe Park, Rideau Hall, Global Affairs Canada, Parliament Hill, and Ottawa’s downtown business centre, the property offers convenient access to major employment, institutional, and cultural destinations. Nearby parks, pathways, and cycling routes further enhance the area’s residential appeal.With two independent residences, private outdoor spaces, flexible living arrangements, and the ability to combine home ownership with rental income, this property offers a rare combination of lifestyle, flexibility, and investment potential. See it today! (id:66888)

Ottawa, Ontario

PROJECTED 5.37% CAP RATE AT $2,100,000. 64 Delaware Avenue: fully furnished, restored 5-plex in Ottawa’s sought-after Golden Triangle. Projected annual gross income of $143,100 and NOI of $112,807, based on the following pro forma: 1 x 2-bedroom suite at $2,700/month, 4 x 1-bedroom suites at $2,150/month, plus $7,500/year from 5 parking spaces. Apartment rents total $11,300/month or $135,600/year. Deducting 3% vacancy/collection loss ($4,293), property taxes ($16,000), insurance ($5,000) and general maintenance ($5,000) yields the projected NOI above. Currently vacant, offering the opportunity to establish new tenancies at market-supported rents. Extensive updates, furnished suites and preserved architectural character complement this central location near the Rideau Canal, Elgin Street, shops and restaurants. Income figures are projections, not an existing rent roll. Cap rate is before financing; additional owner-paid utilities, management and replacement reserves are excluded. Buyers to verify achievable rents and complete operating costs. (id:66888)

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, New Roof April/2022, Cash Cow. (id:66888)

Ottawa, Ontario

Exceptional Purpose-Built Fourplex in Sought-After Westboro. An outstanding opportunity to own a custom-built, three-storey fourplex in the highly desirable, walkable community of Westboro. Offering over 4,000 square feet above grade and built in 2018, this impressive income property combines quality construction, upscale finishes, and exceptional investment potential. Each luxury two-bedroom, two-bathroom unit features a bright, open-concept layout, ensuite bathrooms, in-unit laundry, quartz countertops, and high-quality finishes throughout. Spacious private balconies enhance the above-grade units. Separate heating and hydro help streamline utility management. Ideal for investors, owner-occupiers, or multi-generational families, this versatile property offers the opportunity to live in one unit while generating rental income from the remaining three, or to maximize its potential as a pure investment property. Annual rental income of $127,548. Two parking spaces are located at the rear. Walkable amenities, shops, restaurants, and convenient access to transit, this is a rare opportunity to acquire a substantial, high-quality multi-unit property in one of Ottawa’s most sought-after neighbourhoods. (id:66888)

Ottawa, Ontario

Don’t miss this fantastic Investment Opportunity! All brick side-by-side 3 Storey Fourplex, located in the heart of Centretown. Well-maintained, convenient walkable location attracts high-quality tenants. Severance into two semi-detached duplexes is also an option with separate hydro, furnaces, and water meters. Each semi has a one-bedroom main floor unit with full basement, laundry & rear deck + a three-bedroom 2nd/3rd floor unit with front porch. Income $107k. Parking for 6 vehicles at rear of property means additional parking income.An exceptional asset in an urban setting . Whether you’re looking to expand your investment portfolio, create multi-generational housing, or generate income while living downtown, this property offers tons of versatility. (id:66888)

Ottawa, Ontario

Don’t miss this fantastic Investment Opportunity! All brick side-by-side 3 Storey Fourplex, located in the heart of Centretown. Well-maintained, convenient walkable location attracts high-quality tenants. Severance into two semi-detached duplexes is also an option with separate hydro, furnaces, and water meters. Each semi has a one-bedroom main floor unit with full basement, laundry & rear deck + a three-bedroom 2nd/3rd floor unit with front porch. Income $107k. Parking for 6 vehicles at rear of property means additional parking income. An exceptional asset in an urban setting . Whether you’re looking to expand your investment portfolio, create multi-generational housing, or generate income while living downtown, this property offers tons of versatility. (id:66888)

Ottawa, Ontario

Purpose-built FOURPLEX on a 66′ x 99′ lot with N4B H zoning (formerly R4UD). This property offers both strong in-place income and excellent future development potential. This well-maintained property features four fully occupied residential units – two one-bedroom and two two-bedroom suites-plus a separately rented garage/warehouse currently used for storage, with flexibility for alternative uses such as a studio, loft-style space, or traditional parking. The building provides multiple income streams and tenant-friendly amenities, including designated parking for all tenants, storage lockers, coin-operated laundry, a utility room, and a convenient common powder room, for an annual total income of $90,600.00 (Cap rate of 5.5%). Outdoor spaces include an upper deck and a private front garden patio with lattice screening, reflecting pride of ownership throughout this long-held asset. Key updates include thermopane windows (2006 with some windows also replaced within last 5 years), flat roof (2006, with metal roof on garage), fire retrofit (2010), and an owned boiler with water storage tank (2015). The property is fully upgraded with a 100 AMP breaker panel, additional fuse panel, and no knob-and-tube wiring. Offering an ideal location at the corner of Vanier Parkway and Montreal Road, tenants love to be centrally located just steps from downtown Ottawa. The property offers easy access to shopping, transit, schools, parks, and recreational amenities, making it highly attractive to tenants. The downtown core is easily reachable by foot, bike, car, or public transit. INCLUDES: 4 fridges, 4 stoves, 2 hood fans, 1 microwave/hood fan, 1 dishwasher, 1 coin-operated washer, 1 coin-operated dryer, owned boiler, and 6 hydro meters. Note: 48-hour irrevocable required on all offers. (id:66888)

Ottawa, Ontario

Few properties in Ottawa carry the locational weight of 161-163 Gilmour Street. Fronting directly onto Minto Park in the heart of the Golden Triangle, steps from Elgin Street, the Rideau Canal, and Parliament Hill, this is the kind of address that keeps units filled and tenants renewing. This fully occupied 5-unit multiplex generates $11,358 per month in gross rent, $136,302 annually, with a Net Operating Income of approximately $96,584 and a cap rate of 4.83%. It has been continuously occupied since the current owner’s purchase in 2019, with rents adjusted annually in accordance with the Landlord and Tenant Board guideline and no vacancy at any point during that period. The unit mix includes a 3 bedroom/2 bathroom, two 2 bedroom/1 bathroom units, and two 1 bedroom/1 bathroom units; a diversified range of price points within a single asset, each with its own large outdoor patio. Over $275,000 has been invested since 2020, covering two new boilers (2022), seven hot water tanks with 10-year warranties (2020/21), a full exterior restoration including brick re-pointing, rebuilt front arches, interlock walkway, and a complete repaint (2023), full asphalt paving of the parking area and laneway (2025), an ongoing window replacement program, individual unit renovations across multiple floors, refreshed building hallways, and a new coin-operated laundry (2026). The building is on active professional service contracts for snow removal, annual HVAC maintenance, and fire safety inspections; run like an investment, not a hobby. Parking is included for four of the five units. Full financial detail and a complete capital improvement history are available; investor package attached. The Golden Triangle draws government workers, downtown professionals, and students year-round, and with multiple OC Transpo routes at the door and virtually everything within walking distance, the tenant pool here is deep and the vacancy risk is about as low as it gets in this city. (id:66888)