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

238 Laurier Avenue East presents a rare opportunity to acquire a fully renovated mixed-use investment property in the heart of Ottawa’s highly sought-after Sandy Hill neighbourhood. The asset comprises six furnished residential apartments and two established ground-floor retail units, creating a diversified income stream supported by a strong mix of residential and commercial tenancy. Thoughtfully modernized while preserving its historic character, the property offers investors a turnkey asset with minimal near-term capital requirements. The residential component features four one-bedroom and two bachelor suites designed to appeal to students, young professionals, and urban renters, while the commercial units benefit from strong street presence and shared lower-level amenities including storage, washrooms, and freezer space. Together, the property’s balanced tenancy profile and strategic mixed-use configuration provide a compelling long-term investment opportunity in one of Ottawa’s most resilient rental markets.

Property Subtype:

Apartment

Date on Market:

2026-07-24

Ottawa Multifamily for Sale - Centretown-Byward

An exceptional opportunity to acquire a multi-family asset in Sandy Hill, one of Ottawa’s most storied and sought-after neighbourhoods. The property comprises 14 bachelor units and one spacious four-bedroom apartment, offering a diverse unit mix well-suited to the surrounding rental market. Positioned just 400 metres from the University of Ottawa, the building draws consistent demand from students and young professionals, underpinning strong and reliable occupancy. Residents benefit from an unmatched walkable lifestyle — with restaurants, museums, parks, and the vibrant ByWard Market all steps away, alongside everyday essentials including grocery stores, the LCBO, and Shoppers Drug Mart. For investors, this property represents a rare chance to establish stable, long-term cash flow in one of the capital’s most enduring and in-demand urban communities. Interior photos available by request. Showings can be arranged with 48 hours of notice.  Price: $3,150,000.00

Property Subtype:

Apartment

Date on Market:

2026-06-22

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 - Centretown-Byward

CDN GLOBAL (OTTAWA) LTD. is proud to present 144 Renfrew Avenue, a rare and sophisticated investment opportunity situated at the high-visibility corner of Renfrew and Bronson Avenue. This meticulously maintained, three-storey mixed-use building caters to the city's increasing demand for modern, open-concept living, while the ground-floor retail space benefits from the continuous foot traffic of the Bronson Avenue corridor. Constructed to modern standards, the building features a striking exterior of red brick and grey stucco finishes complemented by sleek, flat rooflines and expansive floor-to-ceiling windows. The property offers a diverse and well-balanced unit mix, consisting of 13 residential apartments, ranging from efficient bachelors to a spacious three-bedroom suite, alongside a prime ground-floor commercial unit currently occupied by Sandy’s Flowers & More. Every residential unit is designed with an open-concept layout and premium finishes, including stainless steel appliances, in-suite laundry, and contemporary kitchens, while the stunning rooftop deck provides an exclusive amenity space with panoramic views of the surrounding cityscape. Beyond its aesthetic appeal, the property is professionally managed to ensure regular upkeep and high-quality renovations during tenant turnover. With its combination of income diversity, modern construction, and an unbeatable location, 144 Renfrew Avenue represents a high-caliber addition to any investment portfolio.

Property Subtype:

Apartment

Date on Market:

2026-05-21

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 Multifamily for Sale

Savills is pleased to present an exceptional opportunity to acquire 75 Principale Street, a recently constructed multi-residential property located in the heart of the Aylmer district in Gatineau, the fourth-largest city in Québec and adjacent to Ottawa. The property offers investors a stable income stream. The property benefits from a highly sought-after location along Principale Street, in the western sector of the city. This vibrant commercial corridor is recognized for its strong visibility, historic character, proximity to neighbourhood services, restaurants, and public transit, as well as nearby riverfront parks along the Ottawa River. This desirable location, combined with proximity to the national capital, supports residential leasing demand, contributing to the long-term stability and resilience of the asset. The multi-residential building at 75 Principale Street, constructed in 2022, comprises a total of 85 residential units spread over five storeys, along with select ground-floor commercial spaces. The steel-and-concrete structure offers superior soundproofing and energy efficiency and includes an indoor parking garage with 84 spaces. The contemporary, climate-controlled suites feature private balconies or terraces, a full suite of modern appliances, and a range of additional amenities. 75 Principale Street represents a rare opportunity to acquire a high-quality asset requiring no short- to medium-term capital investment, located in one of Gatineau’s most sought-after sectors. Opportunity to acquire commercial buildings on same parcel, consisting of income producing hotel and commercial spaces.

Property Subtype:

Apartment

Date on Market:

2026-07-20

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

An exceptional opportunity in the heart of Ottawa's vibrant ByWard Market - this semi-detached property offers BOTH 294 & 292 Clarence Street for sale together. Rarely does a full side-by-side building become available in this prime downtown location. Whether you're an investor looking to expand your portfolio, a buyer seeking multi-generational living, or someone wanting to live in one unit while generating rental income from the other, this property delivers flexibility and long-term upside. Situated steps from the Market, restaurants, cafés, public transit, and Ottawa's core amenities, the location ensures strong rental demand and walkability. With two separate units under one roof, the possibilities include: dual income streams, redevelopment, sever the buildings and re-list one half, or future value appreciation in one of the city's most established neighbourhoods. Property being sold in as-is condition. This semi-detached property offers BOTH 294 & 292 Clarence Street for sale together. ***Please contact Adam Lariviere for all listing inquiries - adam@liamswords.com or 343-305-5354***. Please book all appointments online via ShowingTime.

Property Subtype:

Apartment

Date on Market:

2026-07-30

Ottawa Multifamily for Sale - East Central

Investment Opportunity in the Heart of Findlay Creek! Newly completed and fully leased 12-unit residential apartment building offering immediate cash flow in one of Ottawa's fastest-growing communities. Located at 33 Salamander Way, this modern purpose-built rental features twelve spacious two-storey stacked townhouse units, each offering 2 bedrooms, 2.5 bathrooms, open-concept layouts, quartz countertops, stainless steel appliances, ensuite baths, private balconies, and in-unit laundry. Built in 2025, the property comprises approximately 14,652 sq. ft. of rentable area and benefits from stabilized occupancy, low-maintenance construction, and tenants pay their own utilities. Situated steps from parks, schools, retail amenities, grocery stores, and major transportation corridors, the property is ideally positioned to benefit from continued growth throughout the Findlay Creek and South Ottawa market. Condominium registration provides future flexibility, allowing units to be sold individually. Rare opportunity to acquire a turnkey multifamily asset with strong long-term appreciation potential. Buyer will have the option to acquire additional apartment buildings within the development. Building is currently condominiumized.

Property Subtype:

Apartment

Date on Market:

2026-07-01

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

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

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 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

A rare find! Luxe 2-storey semi-detached duplex in the heart of Ottawa, just minutes from ByWard Market. Legal 2-unit property featuring a spacious 4-bedroom upper unit currently rented at $4,750/month, and a high-end 2-bedroom lower unit rented for $2,500/month. Bright and modern layout with dual quartz kitchens, custom fireplaces, spa-like bathrooms, and soundproof windows. Enjoy panoramic skyline views from the private rooftop patio. The NOI of $76,835.00 and a strong 5.69% CAP rate. Turnkey opportunity ideal for live-in owners, investors, or both. The seller removed the direct staircase connecting the basement to the upper unit; however, a buyer can always reinstall it if they wish to create direct access between the two levels via the entrance from the garage.

Property Subtype:

Multi Family

Date on Market:

2025-10-14