Residentiae.
For Sale · Ottawa

309 CYR AVENUE

Ottawa · K1L7N6

$1,250,000

8Bedrooms
5Bathrooms
5Parking
3,500Sq Ft
2Storeys

About this residence

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. (id:61366)

Property details

Property type
Multi-family
Style
Other
Bedrooms
8 (8 above)
Bathrooms
5
Storeys
2
Living area
3,500–5,000 sq ft
Lot size
64 x 96 FT
Frontage
64 feet
Parking
5 spaces
Annual tax
$8,759
MLS®
X12905856
Board
Ottawa
Status
Active
Listed
Mar 21, 2026
Updated
Jun 10, 2026

Room dimensions

RoomLevelDimensions
Living roomMain level3.35 × 2.13 m
BathroomMain level2.44 × 1.53 m
Laundry roomBasement4.3 × 2.77 m
DenBasement3.97 × 2.77 m
Living roomMain level2.76 × 4.59 m
Dining roomMain level2.45 × 2.76 m
KitchenMain level2.29 × 2.44 m
BedroomMain level3.36 × 3.06 m
BathroomMain level2.74 × 3.36 m
Bedroom 2Second level3.67 × 4.9 m
Living roomMain level4.59 × 3.05 m
KitchenMain level2.13 × 3.38 m
Dining roomMain level2.45 × 4.28 m
KitchenMain level2.44 × 2.44 m
BathroomMain level2.75 × 3.35 m
BedroomMain level2.75 × 3.67 m
DenMain level3.38 × 2.45 m
Living roomSecond level3.69 × 3.38 m
BedroomMain level3.35 × 2.44 m
Dining roomSecond level1.84 × 2.44 m
KitchenSecond level3.69 × 3.06 m
BathroomSecond level1.52 × 2.16 m
BedroomSecond level3.66 × 3.96 m
Bedroom 2Second level3.66 × 3.38 m
Bedroom 2Main level3.35 × 3.05 m
BathroomMain level2.44 × 2.13 m
DenBasement4.27 × 3.35 m
Laundry roomBasement2.74 × 2.13 m
Living roomMain level5.82 × 2.74 m
KitchenMain level1.86 × 3.67 m
BedroomMain level2.77 × 3.67 m

Features & finishes

Appliances

  • Washer
  • Refrigerator
  • Dryer
  • Stove
  • Hood Fan

Heating

  • Baseboard heaters
  • Electric

Basement

  • Full

Exterior

  • Brick
  • Aluminum siding

Foundation

  • Concrete

Parking

  • No Garage

Sewer & Utilities

  • Sanitary sewer

Financing

Mortgage calculator

Estimated monthly payment

$5,846/mo

Amortization

Loan amount

$1,000,000

Down payment

$250,000

Estimate only. Rates and terms vary by lender and qualification.

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Location & area

Ottawa

About the area

Census · K1L
18,213
Population
41
Median age
$63,200
Median income
$480,000
Median home value
33%
Home ownership
26 min
Avg. commute

Age distribution

0–14
11%
15–24
10%
25–44
33%
45–64
25%
65+
20%

Tenure

33% owners67% renters

Neighbourhood statistics for the property’s forward sortation area. Figures are census-derived estimates.

Powered by Neighbourly.io
Good to know

Frequently asked questions

What is the asking price for 309 CYR AVENUE?

309 CYR AVENUE is listed for $1,250,000, in Ottawa.

How many bedrooms and bathrooms does 309 CYR AVENUE have?

It offers 8 bedrooms and 5 bathrooms.

What type of home is 309 CYR AVENUE?

309 CYR AVENUE is a Multi-family, Other set over 2 storeys.

How large is 309 CYR AVENUE?

The home offers approximately 3,500–5,000 sq ft of living space on a lot measuring 64 x 96 FT.

What would the monthly mortgage payment be?

With a 20% down payment at a 5.0% interest rate over a 25-year amortization, the estimated monthly payment is about $5,846. Use the mortgage calculator above to model your own scenario.

What are the annual property taxes?

Property taxes are approximately $8,759 per year.

Is there parking?

Yes — 309 CYR AVENUE includes 5 parking spaces.

What is the Ottawa area like?

Ottawa has a population of about 18,213, a median age of 41, a 33% home-ownership rate, with an average commute of about 26 minutes.

What is the average home value in Ottawa?

The median dwelling value in this area is approximately $480,000, based on census data via Neighbourly.

What is the median household income in Ottawa?

The median household income in this area is approximately $63,200.

Private viewings

Arrange a private viewing of 309 CYR AVENUE.

Our advisors offer discreet, personal guidance from first viewing through to closing. We’d be delighted to assist.

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