Downtown Apartment Buildings for Sale

Multifamily in Downtown available for sale

Downtown Apartment Building for Sale

186 James St

Ottawa, ON K1R 5M7

Multifamily for Sale
$3,195,000 CAD
10,000 SF

Air Conditioning

Ottawa Multifamily for Sale - Centretown-Byward

Discover a beautifully restored, fully rented, 11-unit multi-family building ideally situated in the heart of Ottawa. This fully modernized property presents a turn-key investment with strong tenant appeal and minimal ongoing capital requirements. Each suite showcases thoughtful design and durable finishes, blending heritage charm with modern functionality — a rare balance that ensures lasting desirability and consistent rental demand. In 2015, the building underwent significant upgrades, including a new boiler, a replaced roof, and the addition of air conditioning and a common laundry room. Two on-site parking spaces further enhance its appeal in this central urban setting. Positioned within walking distance of grocery stores, restaurants, nightlife, Chinatown, and the Elgin Street corridor — and minutes from Highway 417 — this property benefits from exceptional accessibility and strong location fundamentals. With its combination of historic character, quality upgrades, and steady income potential, 186 James Street represents a secure, long-term addition to any investor’s multi-residential portfolio.

Contact:

District Realty Corporation, Brokerage

Property Subtype:

Apartment

Date on Market:

2025-11-14

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125 Somerset St W

Ottawa, ON K2P 1J3

Multifamily for Sale
$9,000,000 CAD
32,208 SF

Ottawa Multifamily for Sale - Centretown-Byward

125 Somerset Street West presents a rare opportunity to acquire a 30-unit multi-family property paired with 3 commercial units, strategically located in the heart of Centretown Ottawa. This asset offers the stability of residential income and the upside potential of retail frontage in one of the city’s most dynamic urban corridors. Positioned within walking distance of Parliament Hill, University of Ottawa, and Elgin Street’s amenities, the property benefits from constant tenant demand and foot traffic. Residents enjoy immediate access to transit, employment hubs, and lifestyle services — essentials that drive strong rental absorption and long-term value appreciation. The Golden Triangle in Centretown is Ottawa’s most established and densely populated urban neighbourhood, offering investors a walkable, amenity-rich location surrounded by government, tech, and institutional employers. With sustained population growth, high transit connectivity, and a renter-heavy demographic, Centretown delivers stable cash flow fundamentals and long-term capital upside — making it one of the city’s most resilient submarkets for multi-family and mixed-use investment.

Contact:

District Realty Corporation, Brokerage

Property Subtype:

Apartment

Date on Market:

2025-08-19

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101 Queen Street & 108-116 Sparks Street

Mixed Types for Sale
3 Properties | Mixed Types

Ottawa Portfolio of properties for Sale - CBD

TD Cornerstone Commercial Realty Inc. and Cushman & Wakefield Ottawa (collectively, the “Advisors”), have been retained on an exclusive basis by KSV Restructuring Inc. in its capacity as receiver and manager (the "Receiver") of the property, assets and undertaking of Ashcroft Urban Developments Inc. including its interest in the real property known municipally as 101 Queen Street and 108-116 Sparks Street, Ottawa, Ontario (the "Property" or "Offering"). The Offering is located within a recently completed, modern mixed-use development steps away from Parliament Hill in downtown Ottawa and offers investors the opportunity to acquire and operate an established extended stay hotel property or reposition as a luxury rental apartment building.

Contact:

Cushman & Wakefield Ottawa

Property Subtype:

Mixed Types

Date on Market:

2025-04-09

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Cobourg St

Ottawa, ON K1N 8G8

Multifamily for Sale
$1,190,000 CAD
4,552 SF

Ottawa Multifamily for Sale - Centretown-Byward

For sale is a well-maintained, fully occupied 4-unit multifamily property, originally built in 1920 and thoughtfully renovated multiple times over the years. This classic building blends historic charm with modern updates, making it a truly turn-key investment opportunity. Each unit is currently rented, offering immediate and stable cash flow for the new owner. The property has been carefully cared for, with visible pride of ownership throughout. Whether you're a seasoned investor or just starting your real estate portfolio, this is a rare chance to acquire a solid, income-producing asset that requires no immediate work. Don’t miss out on this opportunity—schedule a showing or request more information today.

Contact:

Re/Max Hallmark Realty Group

Property Subtype:

Apartment

Date on Market:

2025-08-21

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Prime Investment

Mixed Types for Sale
$1,925,000 CAD
3 Properties | Mixed Types

Ottawa Portfolio of properties for Sale - Centretown-Byward

An exceptional opportunity to own a rare package of three properties that are sold together in one of Ottawa's most vibrant and high traffic neighbourhoods. 622 Somerset is a residential 4 plex, 628 is an ongoing retail business and 634 Somerset is an ongoing restaurant. Phase 2 environment in file, and a copy upon receiving an offer. Zoning is TM (Traditional Mainstreet) offering flexible mixed use potential. Total lot size is 11,440 SF. Prime site for future intensification. High pedestrian and vehicle traffic. Located in the heart of Chinatown, minutes to downtown and transit. Properties are sold as is. Whether you want to invest in passive income, run a business or redevelop down the road, this is your chance to secure a large urban footprint in a merging and diverse area.

Contact:

First Estate Realty Ltd

Property Subtype:

Mixed Types

Date on Market:

2025-07-18

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279 St. Andrew St

Ottawa, ON K1N 5G8

Multifamily for Sale
$1,499,000 CAD
7,000 SF

Ottawa Multifamily for Sale - Centretown-Byward

This solid 6-unit property, located in a prime neighborhood within walking distance to Foreign Affairs, Parliament Hill, and Byward Market, offers an excellent investment opportunity. The building consists of five 1-bedroom units and one 3-bedroom unit. The listing price includes the adjacent land, presenting significant development potential for the future. The property is being sold in 'as-is, where-is' condition, making it an ideal option for investors or developers looking to capitalize on its prime location and potential for growth.

Contact:

Power Marketing Real Estate

Property Subtype:

Apartment

Date on Market:

2025-02-14

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204 Bruyere St

Ottawa, ON K1N 5E3

Multifamily for Sale
$3,895,000 CAD
11,590 SF

Controlled Access

Ottawa Multifamily for Sale - Centretown-Byward

Solid 15-unit building, which includes 6-2 bedrooms, 8-1 bedrooms, and 1 bachelor apartment.. Many updates have been completed in most of the units in the last 9 years including bathrooms and kitchen. The roof was redone in 2016, All units are above ground with 8 covered parking and 4 surface parking spaces. in the Mortgage Details: CMCH 1st Mortgage / First National $1,637,000 Maturity: September 1,2026 at 2.47% Payments: P/I $7949 monthly

Contact:

Coldwell Banker Commercial Sarazen Realty

Property Subtype:

Apartment

Date on Market:

2024-06-24

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255 Fifth Ave

Ottawa, ON K1S 4B5

Multifamily for Sale
$2,450,000 CAD
5,000 SF

Ottawa Multifamily for Sale - Centretown-Byward

TURNKEY FOURPLEX + 5% CAP RATE + COVETED LOCATION in the heart of The Glebe with it's vibrant lifestyle and unbeatable walkability ~ shops, restaurants, pubs, music venues, bakeries, coffee shops, top-tier schools ~ green space including pathways along the Rideau Canal and several parks including Brown's Inlet Park (with 2 beautiful ponds that flow into the Rideau Canal) and Lansdowne Park, where you can enjoy sports events, concerts, restaurants & community spaces. Easy access to Carleton University, Dows Lake and downtown. PROFITABLE ADDITION to any real estate investment portfolio with steady income and superior LONG-TERM GROWTH POTENTIAL with it's ideal location and easy rentability. Strong demand and FULLY RENTED at market rental rates. Blend of modern conveniences and historic charm make this an ideal owner-occupied property. Great curb appeal with it's all-brick exterior and spacious covered balconies. FOUR UNITS each with 2 storeys, hardwood floors and in-unit laundry ~ 2- 5 bedrooms units and 2- 4 bedroom units. Garage and driveway parking further add to rentability. Visit our 360 tour under attached link "Unbranded Virtual Tour". Do not miss this opportunity to own an excellent investment opportunity in one of Ottawa's top rental markets. Call today for a private viewing and for financials. This is THE ONE!

Contact:

Re/Max Hallmark Realty Group

Property Subtype:

Apartment

Date on Market:

2025-09-11

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Apartment Buildings for Sale in Downtown

View All Available Listings

How many apartment buildings are available for sale in Downtown?

There are currently 8 apartment buildings available for sale in Downtown, offering a unique opportunity for businesses to establish a presence.

How big are the apartment buildings available for sale in Downtown?

The average size of apartment buildings available for sale in Ottawa is about 50,262 SF. The largest apartment buildings available to buy is 318,856 SF and the smallest is 4,552 SF. The size of the space you'll need will depend on a variety of factors including number of employees, amenities required, parking requirements, etc.

What's the cap rate for apartment buildings in Downtown?

The average market cap rate for apartment buildings for sale is about 4.87% based on data provided in Downtown. Learn more about how cap rates are calculated.

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