54 Centennial Boulevard, Glebe - Ottawa East and Area, ON K1S 0M9
Glebe - Ottawa East and Area
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.
Estimate only - excludes property tax, condo fees, utilities and home insurance. Rates vary by lender and term; based on semi-annual compounding.
Walkability, transit, and bike-friendliness for 54 Centennial Boulevard, Glebe - Ottawa East and Area, ON K1S 0M9
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MLS# X13022410
Listed by SLEEPWELL REALTY GROUP LTD
On market since Apr 20, 2026
54 Centennial Boulevard, Glebe - Ottawa East and Area, ON K1S 0M9 is listed for $1,900,000 CAD.
54 Centennial Boulevard, Glebe - Ottawa East and Area, ON K1S 0M9 is a Investment, 5,200 sq ft.
54 Centennial Boulevard, Glebe - Ottawa East and Area, ON K1S 0M9 is in Glebe - Ottawa East and Area, Ontario.
54 Centennial Boulevard, Glebe - Ottawa East and Area, ON K1S 0M9 is currently for sale.
Contact Alex Morgan at +16471112222 to arrange a private showing of 54 Centennial Boulevard, Glebe - Ottawa East and Area, ON K1S 0M9 (MLS# X13022410). You can also send a message through the contact form on this site.
