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.
Address
305 Waverley Street
List Price
$2,599,000
MLS® Status
New
Expiration Date
2025-11-26
Property Type
Residential Freehold
Type of Dwelling
Multiplex
Style of Home
3-Storey
Transaction Type
For Sale
Area
Ottawa Centre
Sub-Area
4103 - Ottawa Centre
Region
Ottawa
Bedrooms
13
Bedrooms (Total)
13
Rooms Above Grade
9
Bathrooms
9
Floor Area
5000 + Sq. Ft.
Lot Size Source
MPAC
Lot Depth
99
Lot Size Units
Acres
Lot Width
59
Parcel Number
041180139
Occupant Type
Tenant
Cross Street
O'Connor Street and Waverley
MLS® Number
X12365393
Listing Brokerage
ROYAL LEPAGE TEAM REALTY
Basement Area
Partially Finished
Postal Code
K2P 0V9
Posession Details
Flexible
Parking Places (Total)
9
Parking Spaces
9
Tax Amount
$25,565.58
Tax Year
2025
Interior Features
None
Cable
Available
Central Vacuum
No
Family Room
No
Hydro
Yes
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Board Or Association
Ottawa Real Estate Board
Heat Source
Gas
Heat Type
Heat Pump
Cooling Features
None
Construction Materials
Brick
Direction Faces
South
Fireplace
No
Foundation Details
Stone
Garage
No
Garage Type
None
Kitchens Total
9
Kitchens Above Grade
9
Pool Features
None
Roof
Tar and Gravel
Tax 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, OV
Waterfront
No
Sewer
Sewer
