Apartment Buildings for Sale in Ottawa

Ottawa Multifamily for Sale - Centretown-Byward

An exceptional investment opportunity awaits at 455-457 Somerset Street W, a turnkey six-unit multifamily property in the heart of Ottawa’s vibrant Centretown. This well-maintained asset generates a strong $125,496.90 NOI and trades at an attractive 5.60% cap rate, offering stable in-place cash flow with clear upside. One strategically vacant unit is positioned for renovation, offering immediate value-add potential and the ability to increase rents to market levels. Spacious, thoughtfully designed layouts across all six suites promote long-term tenant satisfaction and retention, while on-site parking provides additional revenue. The offering combines durability, income stability, and a defined pathway to enhanced returns. Located in Ottawa’s downtown core near Kent Street and just steps from Parliament Hill, the asset benefits from premier urban connectivity and infrastructure. Within 2 kilometres of Ottawa City Hall and the House of Commons of Canada, the building sits at the centre of Canada’s public-service employment base. Proximity to the University of Ottawa further strengthens rental demand from students and young professionals. Somerset Street offers immediate access to local restaurants, cafés, daily retail, and public transit, reinforcing consistent demand. The surrounding area serves more than 267,000 residents within a 5-kilometre radius, with projected population growth of 16% by 2033 and an average household income of approximately $97,000. Centretown continues to rank among Ottawa’s most resilient rental nodes, supported by a diverse tenant base that includes government employees, technology professionals, and international students. A large and stable public sector workforce reduces cyclical risk, while ongoing expansion from employers such as Nokia, Solink, Accenture, and Calian Group reinforces long-term job growth and housing absorption. Infrastructure investment and a growing technology ecosystem continue to elevate Ottawa’s profile as a stable capital market. 455-457 Somerset Street W delivers the rare combination of immediate income, upside, and premier downtown positioning.

Property Subtype:

Apartment

Date on Market:

2026-02-23

Gatineau Multifamily for Sale

50 Rue Jeanne-d’Arc offers a rare opportunity to acquire a fully rented, cash-flowing 6-unit multi-family property in Gatineau’s Lac des Fées/Wrightville neighborhood. Strategically positioned just off Boulevard St-Joseph, the asset provides secure operational stability while leaving room for revenue enhancement through turnover improvements. Bonus income streams include recently installed coin-operated laundry machines, contributing to consistent returns. The property has been meticulously maintained over the years, reflecting sound structural integrity and quality finishes such as poured concrete foundations and durable exterior materials. Located close to major amenities and public transit, this investment benefits from proximity to Highway access, schools, healthcare facilities, and recreation options. Hospitals, parks, and even ski hills add to the lifestyle appeal for tenants, reinforcing long-term demand. With municipal water and sewer connections, quality infrastructure, and a diversified tenant base, this asset positions an investor to enjoy reliable occupancy rates and capitalize on future upside. Offered at CAD $1,350,000, the building presents a turnkey addition to any portfolio while preserving optionality for value-add strategies.

Property Subtype:

Apartment

Date on Market:

2026-04-24

Vanier Multifamily for Sale - East Central

Prime Investment Opportunity: 6-Unit Multi-Residential Building. Located just a few blocks from vibrant Beechwood Avenue, this well-maintained 6-unit property presents a strong investment opportunity. Each unit offers one bedroom and one bathroom, with consistent updates and maintenance carried out over the years. Key features include: master key system for efficient access (no need for multiple keys), smart thermostat control, allowing for remote management via mobile app, long-time property manager in place if you wish to continue with them. Financial highlights: Gross rental income: $115,320, Operating expenses: $22,649, Net Operating Income (NOI): $92,671. Utilities: tenants pay their own hydro; landlord covers heat, water, and common area electricity. This property offers excellent cash flow with upside potential. Full investor package is available.

Property Subtype:

Apartment

Date on Market:

2025-10-21

Ottawa Multifamily for Sale - East Central

Prime Triplex Space in Ottawa. Property is owner occupied. Zoning changes incoming to Ottawa to open up property to various other options. One of largest triplexes in Ottawa and Ontario. Basement is unfinished but roughed and framed to add another 1-2 units to be converted to 4Plex/5Plex Owner is the builder. Building is incredibly well built with premium materials.

Property Subtype:

Apartment

Date on Market:

2025-09-18

Ottawa Multifamily for Sale - West Central

Space will be available for vacant possession on or before November 1, 2025. Both ground floor / street access off of Byron Ave., as well as building access off of Golden Ave., for elevator / handicap access and to the underground parking. Although there are two separately legal descriptions, such that the two parcels could technically be conveyed separately, the two properties are physically connected and are governed by a single occupancy permit. In Ottawa, the TM zoning designation, which is the "Traditional Mainstreet, Urban Exception 83," is a zoning zone that allows for a variety of uses, including commercial and residential, while also permitting specific additional uses defined in the urban exception. This zoning zone permits a wide range of uses, including retail, office, and residential, and the "Urban Exception 83" adds specific allowed uses, which can be obtained from the City of Ottawa. The owner would also consider leasing the unit at $23.00 per sq. ft. triple net. Condominium Fees also include gas and water. Heating System is actually Forced Air (Hydronic), not electric.

Property Subtype:

Apartment

Date on Market:

2025-06-04

Gatineau Portfolio of properties for Sale

This offering presents a rare opportunity to acquire a high-quality mixed-use property in the heart of Aylmer, Gatineau, one of the most desirable sectors in the National Capital Region. The asset combines a newly constructed multi-residential building with two fully renovated historic commercial properties, delivering a diversified income stream and long-term stability. The residential component at 75 Principale Street features 85 modern units across five stories, complemented by ground-floor commercial space. Built in 2022, the building offers superior soundproofing, energy efficiency, and climate-controlled suites with private balconies or terraces. Residents benefit from an indoor parking garage with 84 spaces and a full suite of contemporary amenities. The commercial component at 71-79 Principale Street includes multiple retail and hospitality spaces within historic buildings, providing strong street visibility and integration with the neighborhood’s established character. This vibrant corridor is recognized for its proximity to restaurants, services, and public transit, with future light rail connectivity planned. Located minutes from Ottawa and near the Ottawa River waterfront, the property is positioned to capture sustained residential and commercial demand, making it an attractive investment for those seeking stable returns and long-term value.

Property Subtype:

Mixed Types

Date on Market:

2026-04-02

Ottawa Multifamily for Sale - East Central

Unlock a High Density Investment Opportunity at 25 Pickering Place! We’re excited to announce that this development site strategically located in one of Ottawa’s most connected growth corridors, is now FOR SALE. Positioned for transformation, this site offers unmatched potential for visionary investors and developers. This development site offers a rare opportunity in one of Ottawa’s most connected, and yet undiscovered locations.

Property Subtype:

Apartment

Date on Market:

2025-11-14

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.

Property Subtype:

Mixed Types

Date on Market:

2025-04-09

Ottawa Multifamily for Sale - Centretown-Byward

ATTN INVESTORS!! Welcome to 108 Third Ave Unit 3 - A Prime Commercial Opportunity in the heart of the GLEBE. Discover this spacious 1947 sq ft commercial condo unit, currently tenant-occupied by Canada Post. Don't miss your chance to own a piece of commercial space in the highly south after are of the Glebe with a A+ tenant for a steady income stream!

Property Subtype:

Apartment

Date on Market:

2026-04-23

Ottawa Multifamily for Sale - Centretown-Byward

Turnkey 6-unit investment opportunity in a strong rental location with significant upside potential. This well-maintained building features 2 two-bed, 2 two-bed + den, and 2 one-bed units with a current gross income of $102,316.92 and NOI of $73,429.92. Recent capital improvements include a full roofing system replacement in 2025, extensive masonry repairs in 2025 including brick replacement, repointing and structural crack remediation, and front entrance landscaping and concrete work completed in 2024. The pride of ownership is evident throughout with meticulously maintained exterior, common areas and landscaping. Unit mix offers strong rental growth potential, with the most recent lease (Unit 3) achieving $2,000/month, highlighting upside on remaining two-bedroom units. The property includes 6 parking spaces and a garage currently used by the owner. A 2010 survey indicates potential for future development, with a large frontage and irregular lot allowing for reconfiguration of parking to unlock additional density. Additional value-add potential exists in the basement with storage and hydro meter rooms adjacent to Unit 1, offering the possibility of consolidation to enhance unit size or functionality. A rare opportunity to acquire a well-cared-for asset with both immediate income and long-term development potential.

Property Subtype:

Apartment

Date on Market:

2026-04-22

Ottawa Multifamily for Sale - East Central

Located at 393 Codd’s Road in Ottawa, this well-positioned property offers an excellent leasing opportunity in a highly accessible and sought-after area. Featuring a functional layout and versatile space, the property is ideal for a wide range of commercial or professional uses. Its strategic location provides quick access to major arterial roads, public transit, and nearby amenities, ensuring convenience for staff and clients alike. Well maintained and professionally presented, this property delivers both visibility and practicality, making it an outstanding choice for businesses seeking a prime Ottawa address.

Property Subtype:

Apartment

Date on Market:

2026-04-09

Gatineau Multifamily for Sale

Discover this 8-unit, one-bedroom apartment building located in the heart of downtown Hull, just 3 minutes from Ottawa. Generating over $118,000 in gross annual income with excellent financial ratios, this property is a top investment choice. Close to government offices, universities, schools, hospitals, and shops, it represents a rare opportunity in a highly sought-after area.

Property Subtype:

Apartment

Date on Market:

2026-04-08

Ottawa Multifamily for Sale - Centretown-Byward

$13M CMHC-insured 3.75% 40 year assumable Mortgage - A rare opportunity to acquire a purpose-built 40-unit building in the heart of Sandy Hill, within downtown Ottawa, delivering an impressive NOI of $715,980 and a major built-in value-add. Included with the offering is an approved, permit-ready addition directly beside the existing building, allowing for the development of 18 additional units, a future expansion opportunity exceptionally hard to find in today's market. All suites have been fully renovated since 2020, and along with the modernized finishes, unit layouts were thoughtfully optimized to improve livability and long-term rental performance. Previous ownership also completed substantial infrastructure upgrades, including hydro vault (2006), elevator rebuild to new (2010), roof (2012), lobby doors (2012), dual boilers (2014), and balcony updates (2015). These capital improvements significantly reduce near-term maintenance exposure while supporting premium furnished rents. The building offers a desirable mix of studio, one-bedroom, and two-bedroom suites, all fully furnished and with utilities included, attracting a strong and dependable tenant base of young professionals and students. Located along Laurier Avenue, the property benefits from unmatched proximity to downtown amenities, Ottawa University, government offices, and major transit corridors, making these units consistently easy to lease. This is a high-performing, centrally located multi-residential asset with a dynamic tenant pool, fully updated interiors, substantial capital improvements, and a shovel-ready expansion opportunity.

Property Subtype:

Apartment

Date on Market:

2026-03-26

Ottawa Portfolio of properties for Sale - East Central

Positioned within a well-connected area, the properties are just minutes from downtown Ottawa, the University of Ottawa, and Parliament Hill, making them attractive for both long-term rental demand and redevelopment potential. Public transportation options, including bus routes and VIA Rail connections, are easily accessible, and Ottawa International Airport is approximately 10 miles away. With appraisals completed in 2022 and strong upside for rent growth, these properties offer investors a compelling opportunity to secure income-producing assets in a high-demand urban market.

Property Subtype:

Multi Family

Date on Market:

2026-03-23

Ottawa Multifamily for Sale - Centretown-Byward

This off-market investment opportunity at 360 Friel Street in Ottawa offers a 16-unit, 20-bed multifamily property located within walking distance of the University of Ottawa. The asset is fully furnished and all-inclusive, catering to a strong student and young professional rental market. With a Walk Score of 98, Transit Score of 87, and Bike Score of 99, the property provides exceptional accessibility to public transportation, cycling routes, and essential amenities. The building features modern security measures, including cameras, intercom, and digital locks, ensuring tenant safety and convenience. A new addition was recently completed in Fall 2025, enhancing the property’s overall appeal and functionality. Surrounded by restaurants, pubs, grocery stores, and lifestyle amenities, the location supports consistent rental demand and long-term occupancy stability. Financially, the property demonstrates strong performance with projected annual revenue of approximately $399,916 and a projected net income of $294,690, representing a healthy operating margin. The current unit mix includes bachelor, one-bedroom, two-bedroom, and three-bedroom layouts, offering flexibility for various tenant needs. This property represents a rare chance to acquire a stabilized, income-generating asset in a high-demand urban market with proximity to major educational and employment hubs.

Property Subtype:

Apartment

Date on Market:

2026-02-27

Ottawa Multifamily for Sale - Centretown-Byward

Property Subtype:

Apartment

Date on Market:

2026-01-14

Ottawa Multifamily for Sale - East Central

Avison Young has been mandated to advise and manage the sale of 2491 Cleroux Cres., Ottawa, ON. This is an exceptional opportunity to acquire a renovated turnkey asset in an established rental market. - Total of 11 residential rental units - 7/8 townhomes fully renovated - Approximately 4.75% cap rate on in-place financials - 20 minute drive to Downtown Ottawa

Property Subtype:

Apartment

Date on Market:

2025-10-14

Ottawa Multifamily for Sale - East Central

High-visibility urban commercial investment offering stable income and long-term corridor appeal. Along Ottawa's established Bank Street commercial corridor, this 1,416 sq. ft. asset provides investors with exposure to a prominent main street location supported by surrounding residential density and consistent consumer activity. Its designation within a Major Transit Station Area and Mixed Use policy framework under the Official Plan further reinforces the property's connection to long-term urban growth and intensification. With one year remaining on the existing lease, the property is generating stable annual net income of approximately $47,500, while a two-year renewal option adds near-term continuity and future upside at rollover. Supported by durable demand drivers and a well-established corridor, this offering represents a disciplined acquisition for investors seeking resilient urban commercial real estate.

Property Subtype:

Apartment

Date on Market:

2025-09-25

Ottawa Portfolio of properties for Sale - Tunney's Pasture

CBRE Limited is pleased to act as the exclusive advisor, and offer for sale, on behalf of the Owners, the property municipally known as 402, 406, 408, 410 Preston Street, Ottawa, Ontario (the “Property”).Nestled on the most active corner in the Little Italy community of Ottawa, the Property is an attractive opportunity for mid-density, mixed-use development, with interim holding income.The Property is currently improved with 4 buildings, operating as 4 residential units and an automotive repair shop on the corner. On the south end of the Property is a laneway that can accommodate as many as 4 cars.Little Italy and the Preston Street corridor is Ottawa’s most exciting neighborhood. The Ottawa Hospital is actively constructing its new Civic Hospital Campus a short distance south of the Property. The City of Ottawa opened the updated Trillium north/south LRT line in Q4-2024, with the Dow’s Lake station 3 blocks away from the Property, and the Ottawa Senators have announced the relocation of its arena to LeBreton Flats, at the north end of the Preston corridor. Continued gentrification to this already vibrant neighbourhood creates an amazing opportunity to join the momentum of the area with the purchase of the Property. The Property site area is approximately 9,762 square feet, with frontage of 100 feet along Preston Street, and a depth of 100 feet. The Property is being offered on a first come, first served basis at an asking price of $5,000,000.

Property Subtype:

Mixed Types

Date on Market:

2025-09-22

Ottawa Multifamily for Sale - West Central

A golden opportunity in a high-demand infill location! This 66' x 121.47' lot (approx. 7,965 sq ft / 0.183 acres) is zoned R4N – Residential Fourth Density, permitting a wide range of residential building forms, including low-rise apartments and multi-unit dwellings. Potential for 9–10 Units! Tap into the strong rental and resale market with the possibility of building multiple residential units in a rapidly growing area.

Property Subtype:

Apartment

Date on Market:

2025-09-05

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.

Property Subtype:

Mixed Types

Date on Market:

2025-07-18

Ottawa Multifamily for Sale - Kanata

3 Bedale Drive, is a brand-new, 15-unit apartment building offering exceptional modern living in Ottawa’s coveted Crystal Beach neighborhood. This thoughtfully designed building features spacious, contemporary 2-bedroom apartments, perfect for individuals, couples, and small families seeking both comfort and convenience. Each apartment includes generously sized bedrooms, with the primary bedroom featuring an en suite bathroom and a spacious walk-in closet. The second bedroom also boasts a walk-in closet, providing ample storage space. For added convenience, each unit is equipped with in-unit laundry. The open-concept living areas are bright and welcoming, thanks to large windows that flood the space with natural light. Sleek kitchens with premium appliances, stylish cabinetry, and elegant fixtures enhance the overall modern aesthetic of the home. The building itself offers superior amenities, including elevators for easy access to all floors, secure entry, and underground parking, ensuring a comfortable and effortless living experience. Residents will enjoy proximity to local parks, shopping, dining, and excellent public transit links. With Britannia Beach and the picturesque Ottawa River just a short distance away, residents can enjoy a sense of escape from the bustle of city life with morning walks along the water, beach-side picnics in the afternoon, and unobstructed sunset views in the evening, all while still being close to urban amenities. 3 Bedale Drive offers the ideal blend of peaceful suburban living with access to all the modern conveniences of urban life, promising an elevated living experience in one of Ottawa’s most sought-after locations.

Property Subtype:

Apartment

Date on Market:

2025-06-10

Ottawa Multifamily for Sale - East Central

Superb location, located at 196 Beechwood Ave surrounded by restaurants, pubs, convenience, and grocery stores, constructed in 2021 with a brick from the exterior and Hardie Board on the side and the back of the property. This newly constructed building consists of 13 residential units + 1 commercial. units which are all individually metered. The building is secure with cameras, an intercom, digital locks, and bicycle storage space. The breakdown of units is ( 11 bachelor's units and 2-2 bedroom units) plus 1 commercial retail unit. All of the apartments in the building are fully furnished and are self-contained, with fridges and stoves, washers and dryers, dishwashers, and individual central heating and AC.

Property Subtype:

Apartment

Date on Market:

2024-11-22