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Key Facts
Key facts for 54 Centennial Boulevard
Property Type
Apartment, 3-Storey
Parking
Detached 1 garage, 7 parking
MLS #
X13022406
Size
3500-5000 sqft
Basement
Apartment
Listed on
2026-04-20
Lot size
176 x 0.0
Tax
$15,678 /yr
Days on Market
190
Approximate Age
-
Maintenance Fee
-
Description
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 roo...fing 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.
Full Property Details
Interior
Bedrooms
8
Bedrooms Plus
2
Total Bedrooms
10
Washrooms
6
Square Footage
3500-5000 sqft
Basement
Apartment
Heating Source
Gas
Heating Fuel
Radiant
Air Conditioning
None
Family Room
No
Kitchens
4
Kitchens Plus
2
Total Kitchens
6
Fireplace Features
No
Bedrooms
8
Bedrooms Plus
2
Total Bedrooms
10
Washrooms
6
Square Footage
3500-5000 sqft
Basement
Apartment
Heating Source
Gas
Heating Fuel
Radiant
Air Conditioning
None
Family Room
No
Kitchens
4
Kitchens Plus
2
Total Kitchens
6
Fireplace Features
No
Exterior
Depth
0.0
Front
176.3
Driveway
Available,Reserved/Assigned
Lot Size
176 x 0.0 ft
Pool
None
Parking Spaces
7
Total Parking Spaces
7.00
Parking Description
Detached
Garage Spaces
1
Depth
0.0
Front
176.3
Driveway
Available,Reserved/Assigned
Lot Size
176 x 0.0 ft
Pool
None
Parking Spaces
7
Total Parking Spaces
7.00
Parking Description
Detached
Garage Spaces
1
Building Description
Style
3-Storey
Home Type
Apartment
Subtype
Multiplex
Property Orientation
South
Exterior Finish
Brick
Sewers
Sewer
Water Supply
Municipal
Possession Date
No Data
Style
3-Storey
Home Type
Apartment
Subtype
Multiplex
Property Orientation
South
Exterior Finish
Brick
Sewers
Sewer
Water Supply
Municipal
Possession Date
No Data
Community
Community
Ottawa East
Community
Ottawa East
Taxes & Fees
Taxes
$15,678 /yr
Tax Year
2025
Occupancy
Tenant
Taxes
$15,678 /yr
Tax Year
2025
Occupancy
Tenant
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