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

Ottawa Multifamily for Sale - Centretown-Byward

46 Carlyle Avenue presents the opportunity to acquire a well maintained, income producing seven unit multi-family asset consisting of six four-bedroom units and one two-bedroom unit in one of Ottawa’s most established and supply constrained rental corridors. The property’s large format unit mix is exceptionally well suited to the surrounding student and shared housing market, supporting strong rental demand, durable occupancy, and attractive income generation within a high barrier urban location. Located steps from Carleton University and surrounded by the Glebe, Old Ottawa South, and Bank Street amenities, the asset benefits from a deep and reliable tenant base driven by education, employment, transit connectivity, and lifestyle appeal. Supported by stable in place cash flow and future rental growth potential, 46 Carlyle Avenue offers investors a compelling combination of scale, income stability, and long term value creation within Ottawa’s resilient apartment market. Positioned between the Glebe and Old Ottawa South, the property is surrounded by some of Ottawa’s most established and walkable neighbourhoods, known for their vibrant retail streets, restaurants, green space, and enduring residential appeal. Residents enjoy immediate access to Bank Street, the Rideau River pathway network, public transit, and downtown Ottawa, reinforcing the property’s long term attractiveness to students, young professionals, and urban renters alike. For multi family investors, the location offers a compelling combination of stable tenancy, proven rental demand, and lasting neighbourhood desirability.

Property Subtype:

Apartment

Date on Market:

2026-05-26

Ottawa Multifamily for Sale - East Central

Luxury triplex for Sale with 100% occupancy with market rents. To be re-zoned to N4B Zoning which allows additional permitted uses Premium finishes with excellent construction materials and techniques Unit 1: 3 bedrooms, main-floor office, 3 full bathrooms, and exclusive rooftop access. Unit 2: 5 bedrooms plus den/office, 3.5 bathrooms, 3 separate entrances, and cold storage room. Unit 3: 4 bedrooms plus den, and 2.5 bathrooms

Property Subtype:

Multi Family

Date on Market:

2025-11-28

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

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 - East Central

Originally constructed as a duplex, this property has been fully gutted and professionally cleaned, offering a blank slate for redevelopment. All architectural drawings and plans are completed and ready for building permit submission. A recent survey is available. The property was previously zoned R4UD and has transitioned to N4B H(11), permitting the development of up to 10 residential units-an excellent opportunity for investors and developers. The existing structure features a layout that formerly included 2 bedrooms plus a den on the main level, 2 bedrooms on the upper level, and a basement with shared laundry and an additional large bedroom. With the current foundation and structure, there is strong potential to convert into a 4-unit building, or alternatively, pursue a full redevelopment into a new 10-unit project. Property is being sold in "as-is, where-is" condition with no warranties.

Property Subtype:

Apartment

Date on Market:

2026-06-10

Gloucester Multifamily for Sale - East Central

Outstanding Multi-Family Investment with Income & Future Potential. Located in Ottawas east end, this well-maintained 6-unit apartment building offers both stable rental income and exciting long-term growth opportunities. Sitting on a generously sized 0.24-acre lot (~80 ft frontage x ~132 ft depth), the property combines strong cash flow with excellent redevelopment potential. Currently fully occupied, the building generates over $10,031 in monthly rental income (~$120,372 annual), making it an attractive turnkey investment from day one. The unit mix is highly rentable and diverse: three 2-bedroom units, two 1-bedroom units, and one bachelor apartment. Recent improvements include a new 50-year roof installed in 2018 and modern renovations in several units, reducing future maintenance concerns and enhancing tenant appeal. The property is zoned R1WW[637], unlocking possibilities for future development while maintaining immediate income stability. The location is a major asset- just minutes from Highway 417, Blair and Cyrville LRT stations, shopping centres, restaurants, and everyday conveniences. Tenants benefit from excellent connectivity, while investors gain peace of mind knowing the property is situated in a desirable and growing area. Whether you are looking to expand your multi-family portfolio, secure a reliable cash-flowing property, or position yourself for redevelopment in the future, this building checks all the boxes. A rare opportunity to invest in a strong-performing asset with both present income and future upside.

Property Subtype:

Apartment

Date on Market:

2026-06-01

Ottawa Multifamily for Sale - Centretown-Byward

"The air of quiet dignity and seclusion suggested by the tasteful yet imposing entrance to Val Cartier apartments is well borne out by the pleasing interior of this apartment building erected in 1931 at the corner of Cartier and Somerset Streets... The 28 units in the building give a wide diversity of choice to the prospective tenant. These apartments are arranged with three, two and one bedrooms, and there is also a number of most attractive bachelor suites which are roomy, convenient and most inviting. The larger apartments have all the spaciousness that is associated with homes of the better sort." From the article about this "new" apartment building in the 1931 Ottawa newspaper The Evening Citizen. Wrought iron balconies, handsome stone entrance, 27 storage units,14 underground parking spaces, New on demand boiler system, New on demand domestic hot water system, Separate and Breaker panels for each apartment, hardwood floors in apartments, common hallways have tiled floors. Common areas available for showings without requiring tenant notice. 3 x 3 bedroom, 6 x 2 bedroom, 3 x 1 bedroom + den, 14 x 1 bedroom, 2 x bachelor

Property Subtype:

Apartment

Date on Market:

2026-05-27

Gatineau Portfolio of properties for Sale

This rare Gatineau investment opportunity comprises several strategically located properties forming a cohesive urban block within the thriving Hull district. Anchored along Boulevard Saint-Joseph and complemented by Rue Jogues frontage, the portfolio offers a unique chance to control a prime development site in one of Gatineau's most dynamic mixed-use corridors. Positioned within an established commercial and residential environment, the properties are surrounded by local retail, residential density, and green spaces, minutes from downtown Ottawa and major transportation arteries. The zoning designation permits development up to 10 floors, unlocking exceptional future growth potential for investors or developers. Current improvements include income-producing buildings featuring a balanced mix of retail and residential uses, generating steady cash flow while offering long-term redevelopment options. With direct frontage on Saint-Joseph and proximity to Autoroute des Allumettières, this portfolio combines strong visibility, connectivity, and adaptable urban zoning—ideal for repositioning or phased redevelopment.

Property Subtype:

Mixed Types

Date on Market:

2026-05-07

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

Turnkey 4-unit income property in the heart of the Glebe generating $96,724 in gross annual income with a strong NOI of $73,705, offering an exceptional opportunity for investors seeking stable cash flow and long-term upside in one of Ottawa's most sought-after rental markets. This well-maintained building features three legal units plus a fourth non-conforming basement suite, which includes a proper egress window providing a secondary means of escape. Current rents are highly attractive with Unit 1 (main floor 2 bed + den) at $2,700/month, Unit 2 (second level 2 bed + den) at $2,500/month, Unit 3 (third level 1 bed) at $1,891/month, and Unit 4 (basement 1 bed) at $969/month. Each of the upper three units enjoys private outdoor space, including an oversized patio for the main floor unit, significantly enhancing tenant appeal and retention. The property also offers shared laundry facilities and rare on-site parking for four vehicles-a premium feature in the Glebe-including a detached garage with two spaces and two additional surface spots. Beyond the numbers, the building stands out with its character, charm, and architectural presence, blending classic design with functional layouts that consistently attract high-quality tenants. Located in a prime, walkable neighbourhood with strong rental demand, this is an asset where vacancy is virtually nonexistent and tenant quality remains consistently high.

Property Subtype:

Apartment

Date on Market:

2026-04-02

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 - East Central

Property Subtype:

Apartment

Date on Market:

2026-02-26

Ottawa Multifamily for Sale - West Central

Cushman & Wakefield Ottawa has been retained as the exclusive agent by MSI Spergel Inc . as court -appointed receiver of Mushimpex Investments Inc . (the “Receiver” ), and is pleased to offer for sale a 100 % freehold interest in 336 Tweedsmuir Avenue (the “Property”) . Constructed in 2019 , the Property is a modern, purpose - built multi -family building comprised of 4 two -bedroom suites, featuring contemporary finishes, stainless steel appliances, and in - suite laundry . Located in the amenity - rich Westboro neighbourhood . REPRESENTATION AND WARRANTIES Neither the Advisor nor the Receiver make any representations and/or warranties regarding any aspect of the Property, including but not limited to the size of the building, size of the land, building and environmental condition, zoning, and financial information . The Property will be sold on an “as - is where - is” basis and all parties will be responsible to perform their own investigations and due diligence .

Property Subtype:

Apartment

Date on Market:

2026-01-27

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