305 Waverley Street Ottawa, Ontario K2P 0V9
$2,599,000
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. (id:49712)
Property Details
| MLS® Number | X12365393 |
| Property Type | Multi-family |
| Neigbourhood | Golden Triangle |
| Community Name | 4103 - Ottawa Centre |
| Equipment Type | Water Heater, Furnace |
| Parking Space Total | 9 |
| Rental Equipment Type | Water Heater, Furnace |
Building
| Bathroom Total | 9 |
| Bedrooms Above Ground | 13 |
| Bedrooms Total | 13 |
| Appliances | Hood Fan, Stove, Refrigerator |
| Basement Development | Partially Finished |
| Basement Type | N/a (partially Finished) |
| Exterior Finish | Brick |
| Foundation Type | Stone |
| Heating Fuel | Natural Gas |
| Heating Type | Heat Pump |
| Stories Total | 3 |
| Size Interior | 5,000 - 100,000 Ft2 |
| Type | Other |
| Utility Water | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Irregular | 59 X 99 Acre |
| Size Total Text | 59 X 99 Acre |
Utilities
| Cable | Available |
| Electricity | Installed |
| Sewer | Installed |
https://www.realtor.ca/real-estate/28779113/305-waverley-street-ottawa-4103-ottawa-centre
3101 Strandherd Drive, Suite 4
Ottawa, Ontario K2G 4R9
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August 26 2025 09:26:02
Ottawa Real Estate Board
Royal LePage Team Realty
