5 unit building in the heart of Centertown. Discover a rare investment opportunity with a solid brick building, perfectly situated in the vibrant heart of Centertown. Offering timeless character and strong income potential, this gem features five apartments, each with unique charm and architectural details that echo the building's heritage. From the original brick façade and large sash windows to the high ceilings and hardwood floors, the property exudes classic appeal while offering modern comfort. The spacious units ranging from one to two bedrooms are thoughtfully laid out and filled with natural light, making them highly desirable for long-term tenants and professionals seeking downtown living. Conveniently located steps from shops, restaurants, public transit, and cultural attractions, this building offers both lifestyle and location. Whether you're an investor looking to expand your portfolio or a visionary seeking a boutique residential project, this property delivers on every front. Key Features: 5 self-contained apartments, Prime Centertown location, Historic brick architecture, High tenant demand area, Excellent walkability and transit access, Potential for increased rental income. Don't miss this opportunity to own a piece of Centertown's history with solid returns and endless potential. Unit mix consists of 3-3 bedrooms, 2-1 bedroom units. Gross income: $117,078.88 Net Income: $79,532.12, Expenses- Hydro $685, Gas $5659, Property taxes-$13,473.76, Insurance-10,875, Snow 1385 , Water 1680, Property Management- 5469.
For sale
C$1,375,000
315 Waverley St W, Ottawa, ON K2P 0V9
8beds
5baths
Multi Family
Built in ----
-- sqft lot
$-- Zestimate®
C$--/sqft
C$-- HOA
What's special
Solid brick buildingLarge sash windowsHigh ceilingsHardwood floorsSpacious unitsFilled with natural light
- 27 days
- on Zillow |
- 35 |
- 0 |
Zillow last checked: 7 hours ago
Listing updated: July 15, 2025 at 04:31am
Listed by:
RE/MAX HALLMARK SAM MOUSSA REALTY
Source: TRREB,MLS®#: X12271223
Originating MLS®#: Ottawa Real Estate Board

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 5
Heating
- Water, Gas
Cooling
- None
Features
- None
- Basement: Unfinished
- Has fireplace: No
Interior area
- Living area range: 5000 + null
Video & virtual tour
Property
Parking
- Total spaces: 2
Features
- Stories: 3
- Pool features: None
Lot
- Size: 5,322.89 Square Feet
Details
- Parcel number: 041180140
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
- Foundation: Stone
- Roof: Flat
Utilities & green energy
- Sewer: Sewer
Community & HOA
Location
- Region: Ottawa
Financial & listing details
- Annual tax amount: C$13,473
- Date on market: 7/8/2025
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