Welcome to 514 & 516 Bay Street, an excellent opportunity to own a well-maintained 5+1-unit building in the heart of Centretown, offering a solid 6.4% cap rate and positive cash flow. This property combines stable income with immediate rental upside. Located on the corner of Bay and Gladstone, the building sits in a desirable residential pocket surrounded by established single-family homes and multi-unit properties. Just steps to downtown offices, shops, restaurants, and public transit, this prime location continues to attract consistent tenant demand. The property features four 2-bedroom units and two 1-bedroom units, providing a strong rental mix. One unit is currently vacant, offering the new owner the opportunity to set rent at today's market rate. There is a shared driveway with parking for three vehicles, adding further tenant appeal. Major updates were completed in 2022, including new subfloors, flooring, upgraded kitchens and bathrooms, lighting, insulation, and new appliances in three units. The roof was replaced in 2023, helping reduce near-term capital expenses. For owner-occupiers, the vacant unit also presents the option to move in while the remaining units generate income to significantly offset or potentially cover your mortgage. (id:2493)More details
Did someone say luxury 2 story condo with 2 parking spaces, 4 storage lockers, natural gas bbq line, private terrace, ample unit storage, floor to ceiling wine cellar, south facing natural lighting, electric blinds, designer finishings AND conveniently located off Elgin. You heard right! This incredible 2 + den condo with 2.5 bathrooms does not fall short in your luxury condo expectations. Don't settle when you can have your cake and eat it too, with close proximity to shops, dining and local experiences, all conveniently steps away from your front door on Elgin, parliament hill, Rideau canal, Otrain, and much more for you to discover. This building offers unique exclusivity, with only 20 units available in the building. With convenient court yard access to amenities such as a gym, pool, sauna, change rooms, party room, bbqs and more including guest suites and roof top terrace with panoramic city views and parliament.Dont wait, schedule a viewing today. (id:2493)More details
Welcome to The Slater, ideally located in the heart of Ottawa's Financial District, just steps from Parliament Hill. Enjoy unparalleled convenience with everything at your doorstep - walking distance to restaurants, shops, and major attractions including the Byward Market, Rideau Centre, National Arts Centre, museums, the University of Ottawa, and the LRT station just minutes away. This exquisitely built condo offers one bedroom, one full bathroom, and one storage locker, along with spectacular views of the downtown skyline. The sun-filled living room features 9-foot ceilings and designer floor-to-ceiling windows, creating a bright and modern living space. The chef-inspired kitchen is equipped with built-in appliances, quartz countertops, and a functional island, perfectly suited for contemporary living. The spacious primary bedroom includes a stylish sliding door and a large closet. The main bathroom is finished with a stone countertop and a glass shower, while in-suite laundry adds everyday convenience. Residents enjoy access to premium building amenities, including a large terrace with natural gas BBQs, a fully equipped fitness centre, party room, whirlpool, screening room, billiards room, and concierge service. An exceptional opportunity for downsizers, first-time buyers, or investors, this unit offers modern comfort, luxury amenities, and a prime downtown location-truly urban living at its finest. (id:2493)More details
Data was last updated March 27, 2026 at 10:45 PM (UTC)
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