305 Waverley Street, Ottawa Centre, ON K2P 0V9, Ottawa Centre, ON
Bed 13
Bath 9
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 8 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.
Property Highlights
For Sale
MLS NO.
X12365393
Type
Residential Freehold
Sub Type
Multiplex
Bedrooms
13
Bathrooms
9
Parking
8.0
Complete Property Details
Property Type
Residential Freehold
Sub Type
Multiplex
Transaction Type
For Sale
Status
Expired
Contract Status
Unavailable
MLS® Number
X12365393
Living Area Range
5000 +
Total Bedrooms
13
Bedrooms Above Grade
13
Total Bathrooms
9
Total Kitchens
9
Kitchens Above Grade
9
Rooms Above Grade
9
Interior Features
None
Fireplace
No
Central Vacuum Yn
No
Construction
Brick
Roof
Tar and Gravel
Lot Width
59.0
Lot Size
0.13
Parking Total
8.0
Covered Spaces
0.0
Garage Type
None
Garage
No
Pool
None
Direction Facing
South
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 Street
Country
CA
List Price
$2,499,000
Annual Taxes
$25,566
Tax Year
2025
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 WARREN, GARRY DAWSON AND FRIED, STEVEN ARI AND HIRSCH, ALLAN THEODORE, OVER PART 2 ON PLAN 4R-20191, AS IN OC449407.
Possession Type
Flexible
Possession Details
Flexible
Listing Office
ROYAL LEPAGE TEAM REALTY
Board
Ottawa Real Estate Board
Original Entry
2025-08-26T20:19:50Z
Media Updated
2025-09-05T16:55:24Z
Photos Updated
2025-08-26T20:19:50Z
Last Modified
2026-01-27T05:15:22Z
System Modified
2026-01-27T05:15:22.617349Z
MLS Status
Expired
Architectural Style
3-Storey
Basement
Partially Finished
Ddfyn
Yes
Expiration Date
2026-01-26
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
8
Public Remarks
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 8 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.
