Commercial Real Estate in Downtown available for sale
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Multifamily Property for Sale near Downtown

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Downtown Multifamily Property for Sale

More details for 125 Somerset St W, Ottawa, ON - Multifamily for Sale

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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Multifamily Properties for Sale Within 10 kilometers of Downtown

More details for 595 Byron Av, Ottawa, ON - Multifamily for Sale

Westboro Station - 595 Byron Av

Ottawa, ON K2A 4C4

  • Office for Sale
  • $1,795,000 CAD
  • 3,600 SF
  • 1 Unit Available
  • Security System
  • Controlled Access
  • Kitchen
  • Roof Terrace

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.

Contact:

CDN Global (Ottawa) Ltd., Brokerage

Property Subtype:

Apartment

Date on Market:

2025-06-04
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More details for 2019 Bank St, Ottawa, ON - Multifamily for Sale

2019 Bank St

Ottawa, ON K1V 0N1

  • Retail for Sale
  • $825,000 CAD
  • 1,416 SF
  • 1 Unit Available

Ottawa Multifamily for Sale - East Central

Corner retail investment on Ottawa's Bank Street: three connected ground-floor commercial condo units totaling 1,416 sq. ft. with prominent corner exposure, open retail floorplan, broad storefront glazing, and dedicated sign boxes above each unit; on-site customer parking and a professionally managed condo setting support efficient operations and predictable carrying costs. Minutes to South Keys Shopping Centre and the Heron Bank retail corridor high-traffic destinations anchored by national brands (Walmart/Best Buy; Home Depot/Canadian Tire)with steady demand from Greenboro, Blossom Park, South Keys and Alta Vista, plus commuter flows via Hunt Club Road and Airport Parkway and established transit along Bank Street. The property is leased, generating stable annual income of approximately $47,500 net, with a two-year renewal option positioning this asset for durable cash flow today and sensible upside at rollover.

Contact:

DRM Real Estate & Developments; Brokered By RE/MAX

Property Subtype:

Apartment

Date on Market:

2025-09-25
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More details for 1340-1350 Hemlock Rd, Ottawa, ON - Multifamily for Sale

1340-1350 Hemlock Rd

Ottawa, ON K1K 5C2

  • Retail for Sale
  • $250,000 CAD
  • 428 SF
  • 1 Unit Available
  • Air Conditioning
  • Security System
  • Controlled Access
  • Kitchen
  • Smoke Detector

Ottawa Multifamily for Sale - East Central

Position your business in the fast-growing Wateridge Village at 1340 Hemlock Rd.a prime 428 sq. ft. ground-level retail space in a newly constructed mid-rise residential building. Located in the heart of a master-planned community with thousands of new homes, this unit offers direct access to a built-in customer base and growing foot traffic. Be surrounded by complementary businesses such as Pharmasave and East Ottawa Compounding Pharmacy PharmaChoice, with Phintopia Coffee & Tea, Dentistree, Waterridge Dentist, Rockliffe Chiropractic, and a boutique Fitness Centre all coming soon. Ideal for service-based businesses, boutique retailers, or professional offices seeking to establish a presence within a vibrant and expanding residential neighbourhood

Contact:

DRM Real Estate & Developments; Brokered By RE/MAX

Property Subtype:

Apartment

Date on Market:

2025-07-07
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LoopNet Canada Ontario Ottawa Multifamily Properties For Sale in Downtown, Ottawa, Canada

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Multifamily Properties for Sale in Downtown

View All Available Listings
How many multifamily properties are available for sale in Downtown?
There are currently 7 multifamily properties available for sale in Downtown, offering a unique opportunity for businesses to establish a presence.
How big are the multifamily properties available for sale in Downtown?
The average size of multifamily properties available for sale in Ottawa is about 56,284 SF. The largest multifamily properties available to buy is 318,856 SF and the smallest is 5,000 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 multifamily properties in Downtown?
The average market cap rate for multifamily properties for sale is about 4.71% based on data provided in Downtown. Learn more about how cap rates are calculated.
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