american foursquare style home with a chimney and brick siding Features: fence More Photos

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

    Est payment $8,158/mo
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    Views   2
    Time on Jump  41 day

    AI Summary *

    • Great investment in Old Ottawa South with full occupancy and good income.
    • Features four self-contained apartments with diverse unit sizes for tenants.
    • Modern updates in the front unit, including hardwood floors and granite countertops.
    • Recent construction improves efficiency with multiple furnaces and A/C units.
    • Potential for future development into a 5-plex for increased rental income.




    Incredible investment opportunity in the heart of old ottawa south! This fully tenanted multi-unit property sits on an expansive 30' x 161' lot and features a newer 3,000 sq. Ft. Addition, creating four self-contained apartments in total. The building includes one spacious 3-bedroom unit, two well-appointed 2-bedroom units, and one 1-bedroom unit. The original front unit has been tastefully updated with hardwood floors, granite countertops, modern cabinetry, and a renovated bathroom. It also features its own furnace (2020), a/c (2017), and rented hot water tank. The 2017 addition was thoughtfully constructed with two furnaces and two central a/c units. Additional improvements include roof (2017) and sump pump (2017). The property is serviced by 3 hydro meters, 3 gas meters, and 1 water meter. All units offer the convenience of in-unit laundry. Currently generating $11,349. 31 in gross monthly rental income with a 6. 3% cap rate. The property is legal as it stands, and the city of ottawa has suggested potential for a 5-plex configuration, offering future upside for increased income.
    Listing IDX12813150
    Address26 Aylmer Avenue
    CityGlebe - Ottawa East and Area, Ontario
    Price$1,699,000
    StyleInvestment
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype InvestmentBasement 1Heating / Cooling Gas Forced Air Open

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    Listing Agency:  ROYAL LEPAGE PERFORMANCE REALTY

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    26 Aylmer Avenue
    Glebe - Ottawa East and Area , Ontario
    $1,699,000
    Get more info