Listed by Royal Lepage Team Realty.

305 Waverley Street is a Multiplex, 3-Storey and is currently for Sale @ $2,599,000. Taxes in 2025 were $25,565.58.

More homes for sale under 2.6M in Ottawa

Exceptional 9-unit multi-family property in the heart of Downtown Ottawa. The 3-Storey on 305 Waverley Street has 13 bedrooms, 9 bathrooms, and is located on a 99 x 59 ft lot in the community of Ottawa Centre . 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.

9 Fridges, 9 Stoves, 9 Hood Fans

The address 305 Waverley Street was listed for sale (MLS# X12365393) on Tuesday, August 26, 2025.