Downtown Apartment Buildings for Sale

Multifamily in Downtown available for sale

Downtown Apartment Building for Sale

455 Somerset St W

Ottawa, ON K1R 5J7

Multifamily for Sale
$2,240,000 CAD
5,500 SF

Ottawa Multifamily for Sale - Centretown-Byward

Welcome to 455/457 Somerset Street West a rare opportunity to acquire a turnkey 6-unit building in one of Ottawa's most vibrant and in-demand rental locations. This well-maintained property generates a strong NOI of $122,631.90, with a 5.47% cap rate, and bonus immediate upside: 1 purposely positioned vacant unit is ready for renovation, allowing the next owner to quickly increase rental income and unlock further value. Each of the six units offers a spacious, thoughtfully designed layout that promotes long-term tenant satisfaction. With a tenant profile geared toward young professionals and transient renters, there is considerable potential to elevate rents to market levels with minimal capital investment. Situated in the heart of Centretown, steps to shops, restaurants, universities, and transit, this asset benefits from both premium location and consistent rental demand. Investors will appreciate the mix of stability and opportunity ideal for portfolio growth or as a high-performing entry into Ottawa's multi-residential market. Feature sheet available which breaks down all unit sizes and lease information. Vacant unit rent assumed in listed NOI.

Contact:

Sleepwell Property Management

Property Subtype:

Apartment

Date on Market:

2026-02-23

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186 James St

Ottawa, ON K1R 5M7

Multifamily for Sale
$3,195,000 CAD
10,000 SF

Air Conditioning

Ottawa Multifamily for Sale - Centretown-Byward

Discover a beautifully restored, fully rented, 11-unit multi-family building ideally situated in the heart of Ottawa. This fully modernized property presents a turn-key investment with strong tenant appeal and minimal ongoing capital requirements. Each suite showcases thoughtful design and durable finishes, blending heritage charm with modern functionality — a rare balance that ensures lasting desirability and consistent rental demand. In 2015, the building underwent significant upgrades, including a new boiler, a replaced roof, and the addition of air conditioning and a common laundry room. Two on-site parking spaces further enhance its appeal in this central urban setting. Positioned within walking distance of grocery stores, restaurants, nightlife, Chinatown, and the Elgin Street corridor — and minutes from Highway 417 — this property benefits from exceptional accessibility and strong location fundamentals. With its combination of historic character, quality upgrades, and steady income potential, 186 James Street represents a secure, long-term addition to any investor’s multi-residential portfolio.

Contact:

District Realty Corporation, Brokerage

Property Subtype:

Apartment

Date on Market:

2025-11-14

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101 Queen Street & 108-116 Sparks Street

Mixed Types for Sale
3 Properties | Mixed Types

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.

Contact:

Cushman & Wakefield Ottawa

Property Subtype:

Mixed Types

Date on Market:

2025-04-09

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Cobourg St

Ottawa, ON K1N 8G8

Multifamily for Sale
$1,190,000 CAD
4,552 SF

Ottawa Multifamily for Sale - Centretown-Byward

For sale is a well-maintained, fully occupied 4-unit multifamily property, originally built in 1920 and thoughtfully renovated multiple times over the years. This classic building blends historic charm with modern updates, making it a truly turn-key investment opportunity. Each unit is currently rented, offering immediate and stable cash flow for the new owner. The property has been carefully cared for, with visible pride of ownership throughout. Whether you're a seasoned investor or just starting your real estate portfolio, this is a rare chance to acquire a solid, income-producing asset that requires no immediate work. Don’t miss out on this opportunity—schedule a showing or request more information today.

Contact:

Re/Max Hallmark Realty Group

Property Subtype:

Apartment

Date on Market:

2025-08-21

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Prime Investment

Mixed Types for Sale
$1,925,000 CAD
3 Properties | Mixed Types

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.

Contact:

First Estate Realty Ltd

Property Subtype:

Mixed Types

Date on Market:

2025-07-18

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255 Fifth Ave

Ottawa, ON K1S 4B5

Multifamily for Sale
$2,200,000 CAD
5,000 SF

Ottawa Multifamily for Sale - Centretown-Byward

TURNKEY FOURPLEX + 5% CAP RATE + COVETED LOCATION in the heart of The Glebe with it's vibrant lifestyle and unbeatable walkability ~ shops, restaurants, pubs, music venues, bakeries, coffee shops, top-tier schools ~ green space including pathways along the Rideau Canal and several parks including Brown's Inlet Park (with 2 beautiful ponds that flow into the Rideau Canal) and Lansdowne Park, where you can enjoy sports events, concerts, restaurants & community spaces. Easy access to Carleton University, Dows Lake and downtown. PROFITABLE ADDITION to any real estate investment portfolio with steady income and superior LONG-TERM GROWTH POTENTIAL with it's ideal location and easy rentability. Strong demand and FULLY RENTED at market rental rates. Blend of modern conveniences and historic charm make this an ideal owner-occupied property. Great curb appeal with it's all-brick exterior and spacious covered balconies. FOUR UNITS each with 2 storeys, hardwood floors and in-unit laundry ~ 2- 5 bedrooms units and 2- 4 bedroom units. Garage and driveway parking further add to rentability. Visit our 360 tour under attached link "Unbranded Virtual Tour". Do not miss this opportunity to own an excellent investment opportunity in one of Ottawa's top rental markets. Call today for a private viewing and for financials. This is THE ONE!

Contact:

RE/MAX Hallmark Realty Group

Property Subtype:

Apartment

Date on Market:

2025-09-11

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Apartment Buildings for Sale in Downtown

View All Available Listings

How many apartment buildings are available for sale in Downtown?

There are currently 6 apartment buildings available for sale in Downtown, offering a unique opportunity for businesses to establish a presence.

How big are the apartment buildings available for sale in Downtown?

The average size of apartment buildings available for sale in Ottawa is about 61,560 SF. The largest apartment buildings available to buy is 331,416 SF and the smallest is 4,552 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 apartment buildings in Downtown?

The average market cap rate for apartment buildings for sale is about 5.20% based on data provided in Downtown. Learn more about how cap rates are calculated.

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