For Sale - 26 Aylmer Avenue, Glebe - Ottawa East and Area, Ontario

Est payment $8,158/mo
Views   1
Time on Jump  40 day
  • Large multi-unit property in Old Ottawa South with great income potential.
  • Includes four tenanted apartments with various bedroom configurations.
  • Recent updates include hardwood floors, granite countertops, and modern amenities.
  • Legal status confirmed, with potential for future development into a 5-plex.
  • Current gross monthly rental income exceeds $11,000, providing solid returns.



Incredible investment opportunity in old ottawa south! Large multi-unit on expansive 30' x 161' lot newer 3,000 sqft addition containing 3 additional apartments plus main front house. All 4 apartments tenanted. One 3-bedroom unit, two 2-bedroom units and one 1 bedroom unit. The older front of home unit has been updated with hardwood floors, granite countertops and newer cabinetry and updated bathroom - it has it's own furnace (2020), a/c (2017) and hot water tank (rental). New addition completed in 2017 with 2 furnaces and 2 central air units. 3 hydro meters, 3 gas meters and 1 water meter. All units have in-unit laundry. Sump pump 2017, roof 2017. City of ottawa has suggested plan of a 5-plex for potential income increase. Building is legal as it stands. Current total gross monthly rental income is $11,349. 31. Annual gross income: $131,055. 00. Annual expenses: $24,288. 30. Annual net income: $106,766. 70. Motivated vendor. Property sold as is where. Cap rate: 6. 3%.
Listing IDX12812804
Address26 Aylmer Avenue
CityGlebe - Ottawa East and Area, Ontario
Price$1,699,000
Bed / Bath8 / 6 Full
Style3-Storey, Multiplex
ConstructionBrick, Vinyl Siding
TypeMulti-Family
StatusFor Sale
Subtype MultiplexIndoor Features OtherOwnership FreeholdBasement FinishedFoundation Concrete, StoneHeating / Cooling Forced AirHeating Fuel GasSewer Sewer
Parking 2.00
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Listing Agency:  ROYAL LEPAGE PERFORMANCE REALTY

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26 Aylmer Avenue
Glebe - Ottawa East and Area , Ontario
8 6 $1,699,000
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