New price! Outstanding opportunity in the glebe, halfway between the rideau canal and bank streets shops, cafés, and transit. This legal 4-unit solid brick building combines classic charm with smart, income-generating potential in one of ottawa's most desirable neighbourhoods. Featuring two 2-bedroom units and two 3-bedroom units (with dishwashers!), each suite is bright, spacious, and well-maintained, ideal for professional tenants. The property offers multiple balconies, a two-car garage, and a coin-operated laundry for added convenience and income. Recent system updates ensure efficiency and peace of mind, while original character elements -- very high ceilings, transom windows, hardwood floors, wonderful original trim, updated antique light fixtures, and large windows -- enhance the property's timeless appeal. This building represents a rare combination of stability, location, and upside potential. Investors will appreciate the solid rental history and strong tenant demand, while those seeking an owner-occupied option will find the generous main-floor or upper units ideal for personal use with income support from the remaining apartments. The property sits mid-block on strathcona avenue, just steps to the canal pathways, lansdowne park, parks, schools, and all the amenities of bank and elgin streets. A truly turnkey investment or flexible live-in opportunity offering the perfect balance of lifestyle and long-term value in the heart of the glebe. Updated systems. Long term owner. Close to everything. Two outdoor plus two garage parking spaces. Private drive. Amazing opportunity! Gross income: $108,300/year. Expenses 2024: $24,887
Listing IDX12452627
Address101 Strathcona Avenue
CityGlebe - Ottawa East and Area, Ontario
Price$1,595,000
Bed / Bath10 / 4 Full
Style3-Storey, Fourplex
ConstructionBrick
Land Size4568.07
TypeMulti-Family
StatusFor Sale