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
- Investment
- Square footage
- 5200 sq ft
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
Heating & cooling
- Heating type
- Gas Hot Water
Garage & parking
- Garage
- Single Detached
- Total parking
- None
Taxes & other
- Property taxes
- $15,678/yr
- Tax year
- 2025
- Occupancy
- Tenant
- Possession
- TBD
- Cross street
- Centennial & Rideau Garden
- Neighbourhood
- 4405 - Ottawa East
More
- MLS® number
- X13022410
No matching details. Ask Will instead
No features listed yet.
- 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
Get directionsWhat’s nearbySchools nearby
Open this tab to load nearby schools.
Your commute
Enter where you go every day to see real drive times:
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.
Sold prices are for members. It’s free, takes a few seconds, and unlocks the sale history on every listing.
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 investment 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.
Does 54 Centennial Boulevard have a garage and parking?
Yes. The listing shows the garage as single detached. The listing does not include a parking space.
What style of home is 54 Centennial Boulevard?
54 Centennial Boulevard is an investment. Commercial property covers retail, office, industrial and investment buildings and businesses for sale or lease.
How is 54 Centennial Boulevard heated and cooled?
Heating is gas hot water. 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® X13022410). 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 (8+2 bed), 72 Pretoria Avenue at $1,985,000 and 1240 BANK Street at $1,475,000. 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.
Multiplex$1,850,00054 Centennial Boulevard, Glebe - Ottawa East and Area8+2 bed · 6 bath · 4405 - Ottawa EastCourtesy of: SLEEPWELL REALTY GROUP LTDView home →
Investment$1,985,00072 Pretoria Avenue, Glebe - Ottawa East and Area4402 - GlebeCourtesy of: RE/MAX HALLMARK REALTY GROUPView home →
Commercial retail$1,475,0001240 BANK Street, Glebe - Ottawa East and Area2 bath · 4403 - Old Ottawa SouthCourtesy of: RE/MAX HALLMARK REALTY GROUPView 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.