309 Cyr Avenue
Vanier and Kingsview Park, ON
- 8 bed
- 5 bath
- approx. 3500-5000 sqft
- Multiplex
- 173 days on market
Prime Investment Opportunity in Ottawa Turnkey 5-Plex with Excellent Returns: Welcome to 309 Cyr Avenue, an exceptional chance to secure a fully tenanted, income-producing 5-unit property in a desirable Ottawa neighbourhood. Whether you're an experienced investor or looking to grow your portfolio, this asset delivers reliable cash flow today with strong upside potential. This well-maintained 5-plex offers a versatile mix of spacious, updated units occupied by quality tenants. The exterior has been recently renovated, boosting curb appeal and minimizing capital expenditures in the years ahead. Inside, with room to further enhance rents and maximize income, this property has much upside potential. With steady income in place and under-market rents, this property is perfectly positioned for a new owner to unlock additional value through strategic updates and rental increases over time. Key Features: Five fully rented units with strong tenancy history; Newly renovated exterior low maintenance for years to come; Excellent location close to schools, transit, shopping, and Ottawas downtown core;; Opportunity to increase revenues and build long-term equity This is your chance to acquire a turnkey multi-unit property in one of Ottawas most robust rental markets. Properties of this calibre and income potential rarely become available. Don't wait, schedule your private tour today and see everything 309 Cyr Avenue has to offer! Contact the listing agent for full financial statements, rent rolls, and to arrange a confidential viewing.
Listing Details
- Taxes (2025)
- $8,759
- Originally Listed
- $1,375,000
- Listed
- March 20, 2026
Price History
Listing history
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Property
- Style
- 2-Storey
- Age
- 51-99
- Construction
- Brick, Aluminum Siding
- Roof
- Flat
- Foundation
- Concrete
- Interior
- None
- Lot Size
- 64 x 96 Feet
Parking
- Garage
- None
- Covered Spaces
- 0
- Total Parking
- 5
Utilities
- Sewer
- Sewer
- Heat Source
- Electric
Location & Legal
- Cross Street
- Montreal Road
- Parcel Number
- 042380034
- Possession
- Immediate
- Occupancy
- Tenant
Included
- Inclusions
- 5 refrigerators, 5 stoves, 5 hood fans, 5 washers, 5 dryers
- Exclusions
- Tenants belongings
Schools
Elementary
- Assumption Catholic Elementary School0.2 km
Catholic · Ottawa CSB · 260 students
Grade 3 reading: 78% met the provincial standard · Grade 6 math: 26% met the provincial standard
- École élémentaire catholique Horizon-Jeunesse0.3 km
French Catholic · CSDC du Centre-Est de l'Ontario · 465 students
Grade 3 reading: 90% met the provincial standard · Grade 6 math: 71% met the provincial standard
- École élémentaire publique Mauril-Bélanger0.4 km
French public · CÉP de l'Est de l'Ontario · 245 students
Grade 3 reading: 47% met the provincial standard · Grade 6 math: 30% met the provincial standard
Secondary
- Ottawa Technical Secondary School1.4 km
Public · Ottawa-Carleton DSB · 330 students
Grade 10 literacy: 48% met the provincial standard
- École secondaire publique De La Salle1.7 km
French public · CÉP de l'Est de l'Ontario · 950 students
Grade 10 literacy: 93% met the provincial standard
- École secondaire catholique de l’innovation2.3 km
French Catholic · CSDC du Centre-Est de l'Ontario · 95 students
Grade 10 literacy: 71% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area K1L
- Population
- 18,213
- Private dwellings
- 10,797
- Median age
- 41.2
- Average household size
- 1.8
- Median household income
- $63,200
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Residential Freehold in Vanier and Kingsview Park · last 12 months
- Median sold price
- $540,000
- Homes sold
- 176
- Median days on market
- 30
- Sale-to-list price
- 97.2%
Based on 176 recorded sales of residential freehold properties in Vanier and Kingsview Park over the last 12 months.
Rooms
5 × 3-piece on Ground
Second
- Bathroom5' x 7'1"
- Bedroom12' x 13'
- Bedroom 212' x 11'1"
- Bedroom 212' x 16'1"
- Dining Room6' x 8'
- Kitchen12'1" x 10'
- Living Room12'1" x 11'1"
Main
- Bathroom8' x 5'
- Bathroom8' x 7'
- Bathroom9' x 11'
- Bathroom9' x 11'
- Bedroom9' x 12'
- Bedroom11' x 8'
- Bedroom9'1" x 12'
- Bedroom11' x 10'
- Bedroom 211' x 10'
- Den11'1" x 8'
- Dining Room8' x 9'1"
- Dining Room8' x 14'1"
- Kitchen8' x 8'
- Kitchen7' x 11'1"
- Kitchen7'6" x 8'
- Kitchen6'1" x 12'
- Living Room11' x 7'
- Living Room15'1" x 10'
- Living Room19'1" x 9'
- Living Room9'1" x 15'1"
Basement
- Den13' x 9'1"
- Den14' x 11'
- Laundry9' x 7'
- Laundry14'1" x 9'1"
Listed by
SUTTON GROUP - OTTAWA REALTY
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Mortgage Calculator
$250,000
Estimated Monthly Payment
$6,141
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $6,141/mo (20% down, 5.5%)
Taxes: $730/mo · Insurance: $313/mo
Estimates only. Consult a financial advisor.
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