54 Centennial Boulevard, Glebe - Ottawa East and Area, ON K1S 0M9
4405 - Ottawa East, Glebe - Ottawa East and Area · Near Centennial & Rideau Garden · View map
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 $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 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.
The home
- Type
- Multiplex
- Style
- 3-Storey
- Square footage
- 3500-5000 sq ft
- Bedrooms
- 8
- Basement bedrooms
- 2
- Bathrooms
- 6
- Kitchens
- 6
- Rooms
- 20
- Basement
- Apartment
- Faces
- South
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Exterior
- Brick
Heating & cooling
- Heating fuel
- Gas
- Heating type
- Radiant
- Fireplace
- No
Garage & parking
- Garage
- Detached
- Garage spaces
- 1
- Driveway spaces
- 6
- Total parking
- 7
- Parking features
- Available, Reserved/Assigned
Taxes & other
- Property taxes
- $15,678/yr
- Tax year
- 2025
- Occupancy
- Tenant
- Possession
- TBD
- Cross street
- Centennial & Rideau Garden
- Neighbourhood
- 4405 - Ottawa East
More
- Price per sq ft
- ~$435 (at 4,250 sq ft)
- MLS® number
- X13022406
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The home and its surroundings
- Carpet Free
- Separate Hydro Meter
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
54 Centennial Boulevard, Glebe - Ottawa East and Area, ON K1S 0M9
4405 - Ottawa East, Glebe - Ottawa East and Area · Near Centennial & Rideau Garden
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Listing history for 54 Centennial Boulevard
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 54 Centennial Boulevard
Answers come straight from this home’s MLS® listing.
How much is 54 Centennial Boulevard listed for, and what would it cost each month?
54 Centennial Boulevard is listed for $1,850,000. With 20% down ($370,000), the mortgage payment would be roughly $7,462 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $8,769 a month, all in. That figure is an illustration, not a quote.
Is 54 Centennial Boulevard freehold or a condo, and is there a monthly fee?
54 Centennial Boulevard is a multiplex in 4405 - Ottawa East, Glebe - Ottawa East and Area. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
How many bedrooms and bathrooms does 54 Centennial Boulevard have?
54 Centennial Boulevard has 8 bedrooms, plus 2 more bedrooms in the basement, and 6 bathrooms. The listing gives the style as 3-storey.
Does 54 Centennial Boulevard have a garage and parking?
Yes. The listing shows the garage as detached, with room for 1 car. The driveway adds 6 spaces. In total the listing counts 7 parking spaces.
Does 54 Centennial Boulevard have a finished basement?
The listing describes the basement as apartment. It counts 2 bedrooms on that level. A listing description is not proof of a legal second unit, so confirm zoning and permits with the municipality before counting on rental income.
What style of home is 54 Centennial Boulevard?
54 Centennial Boulevard is a multiplex. A multiplex holds two or more separate units under one roof, often bought to live in one unit and rent the others.
How big is 54 Centennial Boulevard?
The listing puts the home between 3,500 and 5,000 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement.
How is 54 Centennial Boulevard heated and cooled?
Heating is radiant (gas). The listing does not show air conditioning.
What are the property taxes for 54 Centennial Boulevard?
Property taxes are $15,678 a year (2025), or about $1,307 a month.
Where is 54 Centennial Boulevard?
54 Centennial Boulevard is in the 4405 - Ottawa East community of Glebe - Ottawa East and Area. The nearest main intersection is Centennial & Rideau Garden. The postal code is K1S 0M9.
Is 54 Centennial Boulevard still for sale?
Yes. It is an active listing (MLS® X13022406). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 54 Centennial Boulevard asking?
Similar properties for sale nearby right now include 54 Centennial Boulevard at $1,850,000, 72 Pretoria Avenue at $1,985,000 (8+3 bed) and 10 Chestnut Street at $2,275,000 (6 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 54 Centennial Boulevard sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 54 Centennial Boulevard?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar properties nearby
More properties for sale near 4405 - Ottawa East, picked by style, size and price.
Investment$1,850,00054 Centennial Boulevard, Glebe - Ottawa East and Area4405 - Ottawa EastCourtesy of: SLEEPWELL REALTY GROUP LTDView home →
Multiplex$1,985,00072 Pretoria Avenue, Glebe - Ottawa East and Area8+3 bed · 6 bath · 4402 - GlebeCourtesy of: RE/MAX HALLMARK REALTY GROUPView home →
Fourplex$2,275,00010 Chestnut Street, Glebe - Ottawa East and Area6 bed · 7 bath · 4407 - Ottawa EastCourtesy of: OTTAWA PROPERTY GROUP REALTY INC.View home →Courtesy of: SLEEPWELL REALTY GROUP LTD
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.