1 / 38

Investment signal

$1,900,000

54 CENTENNIAL BOULEVARD

Save this home

Beds

Baths

Sqft

—

Year

—

Type

Multi-family

Suite

Investment signal

Text Hasan Open map Ask a question

Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Ottawa. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

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 $102,316.92 and NOI of $73,429.92. 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 3) 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. (id:65958)

Subtype: Multi-family
Structure: Other
Community: 4405 - Ottawa East
Lot dimensions: 176.3 FT
Bedrooms: 8 above grade, 2 below grade
Parking: 7 total
Stories: 3
On market: Apr 20, 2026
Status changed: Apr 24, 2026
Annual tax: $15,678 (2025)
Photos: 38
MLS#: X13022406
Area: OTTAWA

Features and systems

Parking

Detached GarageGarage

Basement

Apartment in basementN/A

Appliances

WasherRefrigeratorDishwasherStoveDryer

Heating

Radiant heatNot knownNatural gas

Cooling

None

Exterior

Brick

Foundation

Concrete

Lot

Irregular lot sizeCarpet Free

Negative cash flow ~$2,002/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-6.32%

Cap rate

3.60%

GRM

16.7

Break-even rent

$11,608

Financing

Down payment$380,000

Loan amount$1,520,000

Mortgage$7,702/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$871

Insurance$80

Maintenance$1,583

CapEx reserve$792

Vacancy loss$475

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $7,702/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 24, 2026.