54 Centennial Boulevard
Glebe - Ottawa East and Area, ON
- 10 bed
- 6 bath
- approx. 3500-5000 sqft
- Multiplex
- 151 days on market
Turnkey 6-unit investment opportunity in a strong rental location with significant upside potential. This well-maintained building features 2 two-bed, 2 two-bed + den, and 2 one-bed units with a current gross income of $106,540.92 and NOI of $77,653.92. Recent capital improvements include a full roofing system replacement in 2025, extensive masonry repairs in 2025 including brick replacement, repointing and structural crack remediation, and front entrance landscaping and concrete work completed in 2024. The pride of ownership is evident throughout with meticulously maintained exterior, common areas and landscaping. Unit mix offers strong rental growth potential, with the most recent lease (Unit 5) achieving $2,000/month, highlighting upside on remaining two-bedroom units. The property includes 6 parking spaces and a garage currently used by the owner. A 2010 survey indicates potential for future development, with a large frontage and irregular lot allowing for reconfiguration of parking to unlock additional density. Additional value-add potential exists in the basement with storage and hydro meter rooms adjacent to Unit 1, offering the possibility of consolidation to enhance unit size or functionality. A rare opportunity to acquire a well-cared-for asset with both immediate income and long-term development potential.
Listing Details
- Taxes (2025)
- $15,678
- Originally Listed
- $1,900,000
- Listed
- April 20, 2026
Price History
Listing history
Sign in to view
Property
- Style
- 3-Storey
- Construction
- Brick
- Roof
- Flat
- Foundation
- Concrete
- Interior
- Carpet Free, Separate Hydro Meter
Parking
- Garage
- Detached
- Covered Spaces
- 1
- Total Parking
- 7
Utilities
- Sewer
- Sewer
- Heat Source
- Gas
Location & Legal
- Cross Street
- Centennial & Rideau Garden
- Parcel Number
- 042030616
- Possession
- Flexible
- Occupancy
- Tenant
Included
- Inclusions
- 6 fridge, 6 stove, 2 dishwasher, coin op washer, coin op dryer
- Exclusions
- Tenant belongings
- Rental Items
- 6 HWT's
Schools
Elementary
- Immaculata Intermediate School1.1 km
Catholic · Ottawa CSB · 490 students
- First Avenue Public School1.2 km
Public · Ottawa-Carleton DSB · 175 students
Grade 3 reading: 100% met the provincial standard · Grade 6 math: 67% met the provincial standard
- École élémentaire catholique Coeur d'Ottawa1.2 km
French Catholic · CSDC du Centre-Est de l'Ontario · 195 students
Grade 3 reading: 100% met the provincial standard · Grade 6 math: 100% met the provincial standard
Secondary
- Immaculata High School1.1 km
Catholic · Ottawa CSB · 855 students
Grade 10 literacy: 87% met the provincial standard
- Glebe Collegiate Institute2 km
Public · Ottawa-Carleton DSB · 1315 students
Grade 10 literacy: 93% met the provincial standard
- École secondaire catholique Franco-Cité2.3 km
French Catholic · CSDC du Centre-Est de l'Ontario · 1010 students
Grade 10 literacy: 92% 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.
Property Insights
AI-generated from listing photos. Not professional advice.
Community
Postal area K1S
- Population
- 31,257
- Private dwellings
- 15,662
- Median age
- 39.2
- Average household size
- 2.1
- Median household income
- $106,000
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 Glebe - Ottawa East and Area · last 12 months
- Median sold price
- $1,047,500
- Homes sold
- 260
- Median days on market
- 15
- Sale-to-list price
- 99.2%
Based on 260 recorded sales of residential freehold properties in Glebe - Ottawa East and Area over the last 12 months.
Listed by
SLEEPWELL REALTY GROUP LTD
Walk Score
Walk
Transit
Bike
Scores by Walk Score®
Location
Street View
Mortgage Calculator
$370,000
Estimated Monthly Payment
$9,088
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: $9,088/mo (20% down, 5.5%)
Taxes: $1,307/mo · Insurance: $463/mo
Estimates only. Consult a financial advisor.
Reita | Assistant
Online
Reita is an automated assistant, not a licensed real estate agent. I can help you explore neighbourhoods, understand the market, and find our free tools. What are you looking for?