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    For Sale - 634 GLADSTONE Avenue, Ottawa Centre, Ontario

    Est payment $4,696/mo
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    Time on Jump  39 day

    AI Summary *

    • Well-maintained fiveplex with a mix of one and two bedroom units.
    • Strong rental income of approximately $64,020 per year, fully occupied.
    • Prime location next to a vibrant park and recreation center.
    • Recent updates include a new roof and updated electrical panel.
    • Includes two parking spaces, convenient for tenants and neighbors.




    This exceptional parkside property offers a rare blend of urban character, immediate cash flow, and premium location. Operating as a fiveplex with a non-conforming fifth basement suite (property taxes from the city come for five units), the building features a highly rentable layout anchored by a large two bedroom unit with a spacious living area, and a mix of different sized one bedroom apartments. Location is an incredible selling point here, sitting directly in front of a vibrant park and community recreation centre, being one of the greenest areas in downtown environment, just a short walk to the best of chinatown, little italy, and the glebe. The investment delivers total peace of mind with approximately $64,020 in yearly rent income, fully occupied by respectful young professionals. This property has been meticulously maintained with high-value updates already completed, including a new roof and eavestroughs in november 2023, an updated main electrical panel in 2015, and a steady history of interior refreshes to the flooring, washrooms, and appliances. This is a turnkey addition to any portfolio, offering massive long term value and clear rental upside based on its irreplaceable setting and solid condition. The lot comes with two parking spaces: one is designated for tenant use, and the other is a legal easement reserved for the neighboring property.
    Listing IDX13216242
    Address634 GLADSTONE Avenue
    CityOttawa Centre, Ontario
    Price$978,000
    Bed / Bath5 / 5 Full
    Style2 1/2 Storey, Multiplex
    ConstructionBrick
    TypeMulti-Family
    StatusFor Sale

    Subtype MultiplexIndoor Features OtherOwnership FreeholdBasement FinishedFoundation StoneHeating / Cooling Forced AirHeating Fuel GasSewer Sewer

    Parking 2.00
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    Listing Agency:  ROYAL LEPAGE INTEGRITY 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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