309 Cyr Av 5 Unit Apartment Building Offered at $987,192 USD Ottawa, ON K1L 7N6

309 Cyr Avenue presents a rare opportunity to acquire a fully tenanted, income-generating 5-unit property in Ottawa’s established Vanier neighborhood. This turnkey multi-family asset offers a strong foundation for investors seeking immediate cash flow with long-term upside potential. Each of the five units is currently leased to quality tenants, ensuring consistent revenue from day one. The property has undergone recent exterior renovations, reducing near-term capital expenditures and enhancing curb appeal.
Positioned in a high-demand rental market, the building benefits from proximity to schools, shopping, public transit, and Ottawa’s downtown core. With under-market rents in place, there is significant potential to increase income through strategic updates and rent adjustments over time. The property sits on a 64 x 96 ft lot and includes five parking spaces, a full basement, and durable construction featuring brick and aluminum siding. Heating is provided by electric baseboard systems, and municipal water and sewer services are in place.
This is an excellent opportunity for investors to secure a stable, well-located asset with proven performance and room for value enhancement.