54 Centennial Boulevard
Glebe - Ottawa East and Area, ON
- 5,200 sqft
- Investment
- 150 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
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Parking
- Garage
- Single Detached
Location & Legal
- Cross Street
- Centennial & Rideau Garden
- Zoning
- R1MM
- 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
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
Commercial in Glebe - Ottawa East and Area · last 12 months
- Median sold price
- $1,045,000
- Homes sold
- 259
- Median days on market
- 14
- Sale-to-list price
- 99.2%
Based on 259 recorded sales of commercial properties in Glebe - Ottawa East and Area over the last 12 months.
Listed by
SLEEPWELL REALTY GROUP LTD
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Commercial figures
- Building area
- 5,200 sq ft
- Price per sq ft
- $355.77
- Annual property tax
- $15,678
- Tax per sq ft
- $3.02
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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