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305 WAVERLEY STREET
Ottawa Ontario K2P0V9 Canada

$2,499,000

Active Listing ID X12365393
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13 bed
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9.00 Bath
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Multi-family

$2,499,000

Active Listing ID X12365393
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305 WAVERLEY STREET Exceptional 9-unit multi-family property in the heart of Downtown Ottawa. Offering 4 two-bedroom units, 3 one-bedroom units, and 2 bachelor units, each featuring very spacious layouts, soaring ceilings, hardwood floors, and charming architectural details. Major upgrades include a new roof (2025). Each unit is separately metered for hydro, with tenants paying their own electricity, keeping operating costs low. Features include 9 hydro meters, 9 rented hot water tanks, a rented natural gas boiler with radiator heating, coin-operated laundry, and 8 surface parking spaces. Currently generating over $182, 000 annually, with significant upside through rent increases as many units remain below market. Set on over 5, 800 sq. ft. of valuable land, this property also offers strong long-term potential for redevelopment or expansion. The neighbourhood is one of Ottawa's most desirable: steps to the Museum of Nature, the Rideau Canal, Elgin Streets vibrant shops and restaurants, the Glebe, parks, schools, and excellent transit. Always in demand among professionals, retirees, and students, this location ensures strong tenant retention and future rent growth. A rare opportunity to acquire a centrally located, income-generating property with spacious units, proven performance, and outstanding upside potential. (id:203)

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Property Features

  • Facts
  • Property Sub-type: Multi-family
  • Features
  • Cooling System: None
  • Exterior Finish: Brick
  • Heating Systems: Heat Pump, Not known, Electric, Natural gas
  • Additional Features
  • Basement
Listing Changed: 12/4/2025 5:35:28 PM GMT
Source Updated Date: 12/7/2025 4:20:47 PM GMT

Courtesy of: Andrea Gil, Salesperson, ROYAL LEPAGE TEAM REALTY