$2,599,000
16.38 BTC
Photos
305 Waverley Street, Ottawa Centre
$2,599,000
PRICE
13
BEDROOMS
9
BATHROOMS
X12365393
MLSID

305 Waverley Street, Ottawa Centre

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 9 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.
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Summary

Address
305 Waverley Street
MLSID
X12365393
Property Type
Multiplex
Property Category
Bedrooms
13
Bathrooms
9
Kitchens
9
Taxes (Annual)
$25,565.58
Tax Year
2025
Published
August 26, 2025
Days on Market
20 Days
Possession Type
Flexible
Possession Details
Flexible
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Inclusions

9 Fridges, 9 Stoves, 9 Hood Fans

Exclusions

Tenants Belongings

Details

Basement
Partially Finished
Interior Features
None
Parking Spaces
9
Parking Total
9
Architectural Style
3-Storey
Roof
Tar And Gravel
Construction Materials
Brick
Lot Size
0
Lot Width
59 Acres
Lot Depth
99 Acres
Water
Municipal
Heat Source
Gas
Heat Type
Heat Pump
New Construction
No
Occupant Type
Tenant
Private Entrance
No
Sauna
No
Seasonal Property
No
Hot Tub / Spa
No
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