38
$1,850,000 Sale
Listed 189 days ago
54 Centennial Boulevard
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Listing History
Buy/Sell/Terminated/Expired listing history for 54 Centennial Boulevard
Key Facts
Key facts for 54 Centennial Boulevard
Property Type
Commercial
Parking
Single Detached
MLS #
X13022410
Size
-
Basement
-
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.
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Courtesy of: SLEEPWELL REALTY GROUP LTD