Description
Turnkey 4-unit income property in the heart of the Glebe generating $96,724 in gross annual income with a strong NOI of $73,705, offering an exceptional opportunity for investors seeking stable cash flow and long-term upside in one of Ottawa's most sought-after rental markets. This well-maintained building features three legal units plus a fourth non-conforming basement suite, which includes a proper egress window providing a secondary means of escape. Current rents are highly attractive with Unit 1 (main floor 2 bed + den) at $2,700/month, Unit 2 (second level 2 bed + den) at $2,500/month, Unit 3 (third level 1 bed) at $1,891/month, and Unit 4 (basement 1 bed) at $969/month. Each of the upper three units enjoys private outdoor space, including an oversized patio for the main floor unit, significantly enhancing tenant appeal and retention. The property also offers shared laundry facilities and rare on-site parking for four vehicles-a premium feature in the Glebe-including a detached garage with two spaces and two additional surface spots. Beyond the numbers, the building stands out with its character, charm, and architectural presence, blending classic design with functional layouts that consistently attract high-quality tenants. Located in a prime, walkable neighbourhood with strong rental demand, this is an asset where vacancy is virtually nonexistent and tenant quality remains consistently high. (id:13843)
Details
| MLS # | X12937508 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 212 |
| Listing Provided By | SLEEPWELL REALTY GROUP LTD | Adam Pearce |
Features
| Bed(s) | 6 |
|---|---|
| Bath(s) | 4 Total |
| SQ Feet | 2,500 |
| Garage | 4 |
| Basement | Y |
| Story(s) | 3 |
Interior
| Cooling | None |
|---|---|
| Heating | Radiant heat, Natural gas |
| Appliances | Refrigerator, Dishwasher, Stove, Dryer, Two Washers |
| Fireplace Yes / No | No |
Exterior
| Lot Features | Carpet Free |
|---|---|
| Foundation Details | Stone |
Parking
| Parking Features | Detached Garage, Garage, Covered |
|---|---|
| Parking Total | 4 |
Utilities
| Sewer | Sanitary sewer |
|---|---|
| Water Source | Municipal water |
Taxes
| Tax Annual Amount | 12263.76 |
|---|---|
| Tax Year | 2025 |
Area Information
| Province | ON |
|---|---|
| City | Ottawa |
| Postal Code | K1S2L2 |
| Listing VS Median (in K1S2L2) | |
Price: $1,650,000 low | high Med: $1,350,000 sqft: 2,500 low | high Med: 2,000 $ / sqft: $660 low | high Med: $675 On site: 212 low | high Med: 103 | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | Ottawa |
| Postal Code | K1S2L2 |
| Listing VS Median (in K1S2L2) | |
Price: $1,650,000 low | high Med: $1,350,000 sqft: 2,500 low | high Med: 2,000 $ / sqft: $660 low | high Med: $675 On site: 212 low | high Med: 103 | |
 | $1,350,00080 Fourth AvenueOttawa, ON K1S2L2 |
