Homes for Sale

14 Listings
455-457 Somerset Street, Ottawa Centre
13+4
BEDS
7
BATHS
$2,240,000
FOR SALE
Welcome to 455/457 Somerset Street West a rare opportunity to acquire a turnkey 6-unit building in one of Ottawa's most vibrant and in-demand rental locations. This well-maintained property generates a strong NOI of $122,631.90, with a 5.47% cap rate, and bonus immediate upside: 1 purposely positioned vacant unit is ready for renovation, allowing the next owner to quickly increase rental income and unlock further value. Each of the six units offers a spacious, thoughtfully designed layout that promotes long-term tenant satisfaction. With a tenant profile geared toward young professionals and transient renters, there is considerable potential to elevate rents to market levels with minimal capital investment. Situated in the heart of Centretown, steps to shops, restaurants, universities, and transit, this asset benefits from both premium location and consistent rental demand. Investors will appreciate the mix of stability and opportunity ideal for portfolio growth or as a high-performing entry into Ottawa's multi-residential market. Feature sheet available which breaks down all unit sizes and lease information. Vacant unit rent assumed in listed NOI.
553 Gilmour Street, Ottawa Centre
6
BEDS
3
BATHS
$1,685,000
FOR SALE
Welcome to 553 Gilmour Street, a rare & remarkable 6-bed, 2.5-bath home in the heart of Centretown, combining timeless charm w/ generous living spaces across 3 beautifully appointed levels. From the moment you step into the expansive foyer, this home sets a memorable tone. To one side, a grand living room welcomes you w/ soaring ceilings, a large picture window framing the charming streetscape & a cozy gas fireplace.Across the hall, the formal dining room offers an impressively sized space, truly a host's dream! The spacious kitchen features SS appliances, abundant cabinetry & ample counter space for cooking and entertaining. Just off the kitchen, a second set of stairs provides additional access to the upper level. The rear of the home features a mudroom, adding everyday convenience with direct access to the backyard & parking.Beneath the main staircase is a charming, multi-purpose nook, perfect for outerwear storage or a cozy reading corner. Upstairs, the 2nd floor offers 3 generously sized bedrooms (one w/ a private balcony!), each filled with natural light from the home's beautiful windows. An updated 3-piece bathroom completes this level. The 3rd level truly elevates the home's character, w/ stunning hardwood floors & charming architectural lines. Here, you'll find two additional bdrms, incl. the primary suite, complete w/ a spacious walk-in closet. A beautifully renovated 4-piece bath, ft. dual sinks, a freestanding tub & a large walk-in shower. The finished basement provides valuable additional living space, perfect as a family room, or flex space. Outside, the private backyard offers a quiet escape ideal for summer gatherings or simply relaxing. Situated moments fromOttawa's most vibrant neighbourhoods and countless shops & restaurants, this location offers unmatched walkability. A truly rare opportunity to own a grand, character-filled home in one of Ottawa's most well-connected communities.
121 Macdonald Street, Ottawa Centre
4
BEDS
4
BATHS
$2,349,000
FOR SALE
An exceptional urban residence in Ottawa's prestigious Golden Triangle, 121 MacDonald Street presents a rare opportunity to acquire a refined home offering privacy, security, and walkable access to the city's most celebrated amenities. Built in 2008, this elegant property is distinguished by its sophisticated design, generous scale, and premium features rarely found in such a central location. The residence is filled with natural light and features heated floors throughout all levels, including the garage, providing discreet luxury and year-round comfort. A two-car garage complemented by additional two-car driveway parking makes this home uniquely suited for embassy use, executive households, or automobile enthusiasts-an exceptional advantage in this sought-after neighbourhood. Ideally located just moments from the Rideau Canal and a short walk to Elgin Street's fine dining, boutiques, and cultural institutions, the home offers both tranquility and immediate access to Ottawa's diplomatic, governmental, and commercial core. Private east- and west-facing balconies extend from the primary and guest bedrooms, offering serene outdoor spaces for morning and evening enjoyment. The second-floor loft provides remarkable flexibility and can be seamlessly converted into an additional bedroom, private office, or formal sitting room. A well-appointed bedroom on the same level features its own cheater ensuite bath, ideal for guests or family members. The full-height lower level, complete with a fireplace, adds an inviting layer of living space suitable for entertaining, a private guest suite, or secure staff accommodations. With its intelligent layout, abundant parking, and prestigious address, this home effortlessly meets the demands of international buyers seeking comfort, discretion, and proximity to Ottawa's diplomatic and cultural landmarks. A rare and compelling offering in one of the capital's most distinguished enclaves. 2nd flr office can be converted to a 4th bedroom.
395 Mcleod Street, Ottawa Centre
5
BEDS
4
BATHS
$899,900
FOR SALE
395 McLeod Street represents a compelling investment opportunity in the heart of Centretown, one of Ottawa's most established and consistently in demand urban neighbourhoods. As of July 2025, the property generated $59,582.64 in gross rental income, with total operating expenses of $19,510.59, resulting in a strong net income of $40,072.05. These figures reflect stable performance, efficient cost management, and dependable cash flow, making the property well suited for investors seeking both income reliability and long term value preservation.Centrally located, the property benefits from exceptional walkability and proximity to downtown Ottawa, Parliament Hill, major employment hubs, and key transit routes. The surrounding area is anchored by the vibrant commercial corridors of Bank Street and Elgin Street, offering a wide range of restaurants, retail, and daily amenities. This location continues to attract a diverse and stable tenant base, including government employees, professionals, and students, supporting consistent rental demand and favourable long term growth potential. With its strong financials and prime urban setting, 395 McLeod Street is a solid addition to a well balanced real estate investment portfolio.
46 James Street, Ottawa Centre
6
BEDS
15
BATHS
$1,074,900
FOR SALE
An investment property you would be proud to own. Welcome to 46 James Street, ideally situated in the heart of Ottawa. This property presents a compelling blend of character, functionality, and location, making it a sound addition to an investment portfolio.The building features well-maintained rental units that have demonstrated consistent performance. In 2025, the property generated gross rental income of $83,447.64. Total operating expenses for the same period amounted to $23,761.80, inclusive of insurance, property taxes, utilities, repairs and maintenance, management, and bank fees. This results in a net operating income of $59,685.84, reflecting stable and reliable cash flow based on actual historical figures.The property is located within an established urban neighbourhood with convenient access to public transit routes, nearby shopping and services, parks, and downtown Ottawa amenities. Its central location supports ongoing rental demand and aligns with the City of Ottawa's focus on intensification and walkable communities.This offering represents a well-balanced opportunity for investors seeking proven income, manageable operating costs, and a centrally located asset within the Ottawa market, suitable for both experienced investors and those looking to expand their holdings with a property backed by real performance data.
698 Cooper Street, Ottawa Centre
6
BEDS
4
BATHS
$1,640,000
FOR SALE
Exceptional mixed-use fourplex prominently positioned on the corner of Cooper and Percy in the heart of high-demand Centretown. This income-generating asset features three residential units (one 3-bedroom, one 2-bedroom, and one 1-bedroom) plus a street-level commercial space currently leased to a barber shop until the end of 2027. The main floor offers excellent flexibility, currently configured as a three-bedroom residential unit with full basement alongside the commercial storefront. The second floor includes two well-appointed apartments, each with access to its own rooftop space and common washer/dryer. Residential units 1, 2 & 3 were renovated in 2021, with a new roof and new windows (3-bedroom unit) completed the same year. All appliances, light fixtures, HWT, and A/C units are included. Current rents: Barbershop approx. $35,670/year; 2-bedroom $23,400/year; 1-bedroom $19,680/year; 3-bedroom was recently owner-occupied (previously rented at $3,100/month) and is now vacant. Residential Neighbourhood Commercial zoning; buyer to complete due diligence regarding zoning and permitted uses under Ottawa zoning by-laws. Located steps to public transit and within walking distance to shops, restaurants, Chinatown, Little Italy, Lebreton Flats, and directly across from the Rideau Curling Club. A high-visibility corner property primed for growth-ideal for investors seeking stable income, value-add potential, or an owner-occupier opportunity. Check out our video tour.
256 Kent Street, Ottawa Centre
2
BEDS
2
BATHS
$1,150,000
FOR SALE
Opportunity to own a Duplex on a great downtown corner lot with 2 parking spaces. This property would be great for any owner wanting to live in one of the units. Hardwood flooring with ceramic in the kitchen. Large windows and high ceilings. R4UD zoned allowing for multiple development potential. Easy access to the 417 Hwy, fabulous for commuting. Walking distance to groceries, shopping, the Glebe, Golden Triangle, Ottawa Downtown, Bank Street, Elgin Street. Both units currently configured as 2 bedroom units, both having their own patio / balcony. Both units have been leased for over 1 year - now month to month. Potential GOI: $52,800 / Current GOI: $33,600 / Current Expenses:$6,900 / Potential NOI: $44,844
258 Kent Street, Ottawa Centre
3
BEDS
5
BATHS
$975,000
FOR SALE
Opportunity to own a Fourplex with nostalgic Barber Shop (could be retail) on the Ground floor. Hardwood flooring with ceramic in the kitchens. R4T[479] zoned allowing for multiple development potential. Easy access to the 417 Hwy, fabulous for commuting. Walking distance to groceries, shopping, the Glebe, Golden Triangle, Ottawa Downtown, Bank Street, Elgin Street. Two - 1 Bedroom units on the second and third floor, Two - Bachelor units located behind the barber shop (access via driveway) the other through the main building door on the ground level. Parking in private driveway for up to 3 vehicles. Tenants are all long time tenants - Month to Month. Separate Hydro meters. Showings available Mon-Fri 10am-4pm. Showing Requests require 48 hours notice. Potential GOI: $52,440 / Expenses:$9,300 / NOI: $42,091
498 Gladstone Avenue, Ottawa Centre
4
BEDS
2
BATHS
$819,900
FOR SALE
Positioned on a high-visibility corner in the heart of downtown Ottawa, this fully vacant duplex offers a rare & flexible opportunity in one of the city's most connected, walkable & rapidly evolving neighbourhoods. Featuring two 2-bed units, along with four on-site parking spaces, the property provides immediate options for investors, developers, or owner-occupiers, with strong potential for redevelopment. Set on a northwest-facing corner lot the property benefits from Traditional Mainstreet zoning [TM14 H(17)], allowing for a variety of residential or mixed-use possibilities. This zoning supports everything from low- to mid-rise residential & boutique multi-unit projects to commercial space with residential above, making it well suited for thoughtful growth in line with the City's long-term vision. Full municipal services are already in place, offering a smooth path for both current use & future plans. A rare advantage in this urban setting is the four owned off-street parking spaces with access from Lyon Street, adding everyday convenience & long-term value. The corner lot layout also allows for flexible, efficient building design & strong street presence. The location truly sets this property apart. With Walk Scores in the mid to high 90s, everyday amenities such as groceries, cafés, restaurants, parks, boutiques & essential services are just steps away. The property is well served by multiple OC Transpo routes & is moments from Lyon LRT Station, providing quick access to downtown, major employment centres & the wider city. Surrounded by ongoing & future development, this central location continues to benefit from strong demand & long-term growth. Whether you're looking for a duplex with immediate potential, a smart land holding, or a prime infill opportunity, this is a compelling chance to secure a highly visible corner property in Ottawa's urban core.
270 Arlington Avenue, Ottawa Centre
5+1
BEDS
4
BATHS
$1,488,000
FOR SALE
Located in the heart of Centretown, this very well-maintained fourplex offers a rare combination of strong in-place income and owner-occupier flexibility. The owner-occupied main unit features 2 bedrooms plus a den, access to a large private deck, and offers potential rental income of approximately $2,400/month, making it ideal for an investor or buyer seeking a live-in investment opportunity. The remaining units include a 2-bedroom second-floor apartment currently rented at $2,280/month, a spacious one-bedroom third-floor unit rented at $1,880/month, and a recently renovated one-bedroom basement apartment rented at $1,640/month. Each unit includes the convenience of its own in-unit laundry. A standout feature of this property is the rare six on-site parking spaces, along with a garage currently used as a workshop, offering additional flexibility. The space may present an opportunity for future rental income or conversion back to a garage, subject to buyer due diligence and any required approvals. Ideally located close to transit, shops, restaurants, and downtown amenities, this property represents a compelling opportunity for investors or owner-occupiers looking to establish themselves in one of Ottawa's most sought-after central neighbourhoods.
342 Frank Street, Ottawa Centre
20
BEDS
7
BATHS
$2,495,000
FOR SALE
Rarely available purpose built multi unit investment property in prime Centretown location. 196K Gross income. Fully rented. Six 3-bedroom unit+ one 2-bedroom unit . 3 Storey brick building. Large, well-maintained units. Easy walking to Bank street, Elgin and Parliament hill. New boiler 2025
66 Delaware Avenue, Ottawa Centre
6
BEDS
4
BATHS
$1,499,000
FOR SALE
Welcome to 66 Delaware Avenue, Golden Triangle Ottawa! In an area with easy access to winter and summer sports, shopping, dining, entertainment, parks, bike baths, and more sits this lovely, well maintained four unit architecturally interesting building. The ground floor holds Apt.1 - 2 bedroom, 1 4pc bath, gourmet kitchen w/four appliances and inside access to basement laundry and storage. 2nd floor is home to large 1 bedroom, 3 piece bath, custom newer kitchen w/4 appliances and also a lovely large two room studio apartment with south facing deck, 2 kitchen appliances included. 3rd floor features a large 2 bedroom unit, with 2 kitchen appliances. Units 2 @ 3 pay hydro. The building is efficiently heated by hot water natural gas radiant heat. High ceilings all newer vinyl tilt & clean windows. N. Gas Boiler and all Asphalt Shingled roofs have been re done over the past 12 years.
222 Argyle Avenue, Ottawa Centre
3+2
BEDS
5
BATHS
$1,899,000
FOR SALE
Welcome to this exceptional investment opportunity in the heart of Ottawa Centre! This multi-unit income property features 4 + 1 units-one studio, three 1-bedroom apartments and one 2-bedroom apartment. The building underwent a complete gut job, and the roof was done in 2018. The gross yearly income is $115,764 with a net income of $92,954 for 2024. Perfect for investors seeking strong rental income and long-term growth potential in a highly desirable location with a 98% walk score and a 100% bike score, with a bus stop less than a 2-minute walk away. It is close to all amenities, transit and downtown conveniences.
220 Argyle Avenue, Ottawa Centre
6+1
BEDS
6
BATHS
$1,899,000
FOR SALE
Welcome to this exceptional investment opportunity in the heart of Ottawa Centre! This multi-unit income property features 5 + 1 units-one studio and five 1-bedroom apartments. The gross yearly income is $115,260 with a net of $92,740 for 2024. All kitchens and bathrooms have been updated, and the roof was completed in 2018.Perfect for investors seeking strong rental income and long-term growth potential in a highly desirable location, this property offers a 98% walk score and a 100% bike score, with a bus stop less than a 2-minute walk away. It is close to all amenities, transit, and downtown conveniences.
DIALOG CONTENT
Would you like to receive Similar Listing Alerts as soon as they are uploaded to MLS®?
How would you rate our website?
Would you like to rate us on Google?
Yes
97323020