305 WAVERLEY Street, Ottawa Centre, ON K2P 0V9, Ottawa Centre, ON
Bed 13
Bath 9
Rare Investment Opportunity 9-Unit Multi-Family Property in Prime Downtown Ottawa! This rarely offered 9-unit investment property is a fantastic opportunity in one of Ottawa's most central and desirable neighbourhoods. The building consists of 4 two-bedroom units, 3 one-bedroom units, and 2 bachelor units, all featuring high ceilings, hardwood floors, and charming architectural details that add character and appeal. With below-market rents, this property presents an excellent opportunity for future rent increases, offering strong potential for greater returns. Each unit is separately metered for hydro, with tenants responsible for their own electricity, ensuring lower operational costs for the owner. The property is equipped with 9 hydro meters, 9 rented hot water tanks, and a rented natural gas boiler with radiator heating. A shared coin-operated laundry is conveniently located in the basement for additional income. The property also offers 9 surface parking spaces at the front and back, a rare feature in this prime downtown location. Sitting on over 5,800 sq. ft. of valuable downtown development land, this site holds future potential for redevelopment or expansion. Ideally situated just minutes from the Museum of Nature, Downtown Ottawa, the Rideau Canal, and the Glebe, the property is within walking distance to grocery stores, banks, parks, and public transit, ensuring high demand among tenants. Don't miss this incredible opportunity to invest in a well-located, income-generating property with long-term potential currently bringing $181K in income!
Property Highlights
For Sale
MLS NO.
X12132963
Type
Residential Freehold
Sub Type
Multiplex
Bedrooms
13
Bathrooms
9
Parking
9.0
Complete Property Details
Property Type
Residential Freehold
Sub Type
Multiplex
Transaction Type
For Sale
Status
Expired
Contract Status
Unavailable
MLS® Number
X12132963
Living Area Range
5000 +
Total Bedrooms
13
Bedrooms Above Grade
13
Total Bathrooms
9
Total Kitchens
9
Kitchens Above Grade
9
Rooms Above Grade
24
Interior Features
Water Heater
Fireplace
No
Central Vacuum Yn
No
Construction
Brick, Stone
Roof
Flat, Tar and Gravel
Lot Width
58.92
Parking Features
Front Yard Parking, Lane
Parking Total
9.0
Covered Spaces
0.0
Garage Type
None
Garage
No
Pool
None
Direction Facing
West
Cooling
None
Heat Source
Gas
Heat Type
Heat Pump
Internet Address Display Yn
Yes
Internet Entire Listing Display Yn
Yes
Full Address
305 WAVERLEY Street, Ottawa Centre, ON K2P 0V9
City
Ottawa Centre
Neighbourhood
4103 - Ottawa Centre
County / Region
Ottawa
Province / State
ON
Postal Code
K2P 0V9
Cross Street
O'Connor Street and Waverley
Directions
Corner of O'Connor Street and Waverley
Country
CA
List Price
$2,599,000
Annual Taxes
$24,891
Tax Year
2024
Legal Description
PT LTS 12 & 13, PL 15558 , N/S WAVERLEY ST; AS IN N436714; OTTAWA/NEPEAN. TOGETHER WITH AN EASEMENT OVER PART 1 ON PLAN 4R-20191, AS IN OC449398. SUBJECT TO AN EASEMENT IN FAVOUR OF WARRE
Possession Type
30-59 days
Possession Details
Flexible
Listing Office
ROYAL LEPAGE TEAM REALTY
Board
Ottawa Real Estate Board
Original Entry
2025-05-08T13:10:45Z
Media Updated
2025-07-11T17:55:44Z
Photos Updated
2025-05-08T13:10:46Z
Last Modified
2025-08-09T05:15:08Z
System Modified
2025-10-12T09:45:11.219124Z
MLS Status
Expired
Architectural Style
3-Storey
Basement
Full
Ddfyn
Yes
Expiration Date
2025-08-08
Foundation Details
Stone
Heat Source Multi
Gas
Heat Type Multi
Heat Pump
Hstapplication
In Addition To
Occupant Type
Tenant
Originating System Id
A00001796
Parcel Number
041180139
Parking Spaces
9
Property Features
Public Transit, Park, School, School Bus Route, Rec./Commun.Centre
Public Remarks
Rare Investment Opportunity 9-Unit Multi-Family Property in Prime Downtown Ottawa! This rarely offered 9-unit investment property is a fantastic opportunity in one of Ottawa's most central and desirable neighbourhoods. The building consists of 4 two-bedroom units, 3 one-bedroom units, and 2 bachelor units, all featuring high ceilings, hardwood floors, and charming architectural details that add character and appeal. With below-market rents, this property presents an excellent opportunity for future rent increases, offering strong potential for greater returns. Each unit is separately metered for hydro, with tenants responsible for their own electricity, ensuring lower operational costs for the owner. The property is equipped with 9 hydro meters, 9 rented hot water tanks, and a rented natural gas boiler with radiator heating. A shared coin-operated laundry is conveniently located in the basement for additional income. The property also offers 9 surface parking spaces at the front and back, a rare feature in this prime downtown location. Sitting on over 5,800 sq. ft. of valuable downtown development land, this site holds future potential for redevelopment or expansion. Ideally situated just minutes from the Museum of Nature, Downtown Ottawa, the Rideau Canal, and the Glebe, the property is within walking distance to grocery stores, banks, parks, and public transit, ensuring high demand among tenants. Don't miss this incredible opportunity to invest in a well-located, income-generating property with long-term potential currently bringing $181K in income!
