american foursquare style home featuring a chimney, brick siding, and a shingled roof Features: concrete foundation, stoop, parking pad, brick siding, gas meter, dormer roof, chimney, shingle roof, electric meter 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   1
    Time on Jump  27 day

    AI Summary *

    • Fully tenanted multi-unit property in a desirable Ottawa neighborhood.
    • Four self-contained apartments providing immediate cash flow.
    • Modernized front unit with hardwood floors and granite countertops.
    • Updated mechanicals and utilities for hassle-free management.
    • Potential for future development with a possible five-plex conversion.




    A rare multi unit gem in one of ottawa's most coveted neighborhoods. Welcome to a premier, fully tenanted investment opportunity in old ottawa south. Perfectly positioned on an expansive 30' x 161' lot, this property offers the ultimate combination of immediate cash flow and future development potential. The property boasts a major 3,000 sq. Ft. Addition completed in 2017, bringing the total to four self-contained, high-yielding apartments (one 3 bed, two 2 beds, and one 1 bed). Every unit benefits from the convenience of private, in unit laundry, a massive draw for top tier tenants. The original front unit has been tastefully modernized with gleaming hardwood floors, granite countertops, contemporary cabinetry, and a renovated bath. Mechanically, this building is a dream for hands off investors. It features updated roofing (2017), a 2017 sump pump, and independent climate controls. Utilities are efficiently split across 3 hydro meters, 3 gas meters, and 1 water meter. Currently generating a strong $11,349. 31 in gross monthly rental income with a 6. 3% cap rate, this property is rock-solid. Best of all? The city of ottawa has indicated potential for a 5 plex conversion, giving you a clear path to instantly boost your equity and revenue whenever you're ready. 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 is.
    Listing IDX13199044
    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