$ 2,599,000
-
$2,599,000
Price -
13
Bed -
9
Bath -
5,000
SqFt
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About the Listing 506801 -
Exceptional 9-unit multi-family property in the heart of Downtown Ottawa. Offering 4 two-bedroom units, 3 one-bedroom units, and 2 bachelor units, each featuring very spacious layouts, soaring ceilings, hardwood floors, and charming architectural details. Major upgrades include a new roof (2025). Each unit is separately metered for hydro, with tenants paying their own electricity, keeping operating costs low. Features include 9 hydro meters, 9 rented hot water tanks, a rented natural gas boiler with radiator heating, coin-operated laundry, and 9 surface parking spaces. Currently generating over $182,000 annually, with significant upside through rent increases as many units remain below market. Set on over 5,800 sq. ft. of valuable land, this property also offers strong long-term potential for redevelopment or expansion. The neighbourhood is one of Ottawa's most desirable: steps to the Museum of Nature, the Rideau Canal, Elgin Streets vibrant shops and restaurants, the Glebe, parks, schools, and excellent transit. Always in demand among professionals, retirees, and students, this location ensures strong tenant retention and future rent growth. A rare opportunity to acquire a centrally located, income-generating property with spacious units, proven performance, and outstanding upside potential.
Listing Highlights for 305 Waverley St
Status
Active
Days on Site
15
Property Type
Multi-Family
MLS ®
X12365393
Year Built
Total Square Footage
5,000
Lot/Acreage
0.13
Interior Details
- Bedrooms: 13
- Bathrooms: 9 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Partially Finished
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Roof: Tar and Gravel
- Others:
- Sewer: Sewer
Financial Details
- Tax Amount: $25,566
- Taxes w/Assessments: N/A
- Tax/Property ID: 041180139
- Tax Year: 2025
Payment Calculator
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Listing Location
Questions About..
305 Waverley St Ottawa Centre, ON K2P 0V9
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