45 photos


$1,250,000
ActiveAbout this Property
- This well-maintained 5-plex offers a versatile mix of spacious, updated units occupied by quality tenants
Prime Investment Opportunity in Ottawa Turnkey 5-Plex with Excellent Returns: Welcome to 309 Cyr Avenue, an exceptional chance to secure a fully tenanted, income-producing 5-unit property in a desirable Ottawa neighbourhood. Whether you're an experienced investor or looking to grow your portfolio, this asset delivers reliable cash flow today with strong upside potential. This well-maintained 5-plex offers a versatile mix of spacious, updated units occupied by quality tenants. The exterior has been recently renovated, boosting curb appeal and minimizing capital expenditures in the years ahead. Inside, with room to further enhance rents and maximize income, this property has much upside potential. With steady income in place and under-market rents, this property is perfectly positioned for a new owner to unlock additional value through strategic updates and rental increases over time. Key Features: Five fully rented units with strong tenancy history; Newly renovated exterior low maintenance for years to come; Excellent location close to schools, transit, shopping, and Ottawas downtown core;; Opportunity to increase revenues and build long-term equity This is your chance to acquire a turnkey multi-unit property in one of Ottawas most robust rental markets. Properties of this calibre and income potential rarely become available. Don't wait, schedule your private tour today and see everything 309 Cyr Avenue has to offer! Contact the listing agent for full financial statements, rent rolls, and to arrange a confidential viewing.
Listed by SUTTON GROUP - OTTAWA REALTY · MLS# X12905856
About Vanier
Vanier is a compact urban neighbourhood located just east of the Rideau River from downtown Ottawa, undergoing a significant revitalization that has caught the attention of savvy buyers, investors, and first-time homeowners looking for affordable central living with strong appreciation potential. Once a separate francophone municipality before amalgamation, Vanier retains a distinctive French-Canadian cultural identity while embracing the multicultural diversity that has become one of its defining characteristics.
Features & Details
Property details of 309 Cyr Avenue, Ottawa, ON
Market Insights for Multiplex in Ottawa
Based on 4 sales in the last 90 days · Showing city-wide data
Seller’s Market
Properties are selling quickly (avg 17 days). Buyers should be prepared to act fast and may face competition.
New Listings
4
Avg Days on Market
17 days
Avg Price/Sq Ft
$344
Location
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Cash Flow Analysis
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Akash Sharma
REALTOR® · Ali Realty Group Inc.
Ottawa's trusted real estate partner with 170+ successful transactions and $30M+ in sales.
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