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    For Sale - 84 Fourth Avenue, Glebe - Ottawa East and Area, Ontario

    Est payment $7,923/mo
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    Views   4
    Time on Jump  186 day

    AI Summary *

    • Turnkey 4-unit income property in a sought-after rental market.
    • Generates $96,724 gross income with low vacancy and high demand.
    • Attractive rents with private outdoor spaces for upper units.
    • Includes rare on-site parking for four vehicles and a garage.
    • Well-maintained building with character and long-term investment potential.




    Turnkey 4-unit income property in the heart of the glebe generating $96,724 in gross annual income with a strong noi of $73,705, offering an exceptional opportunity for investors seeking stable cash flow and long-term upside in one of ottawa's most sought-after rental markets. This well-maintained building features three legal units plus a fourth non-conforming basement suite, which includes a proper egress window providing a secondary means of escape. Current rents are highly attractive with unit 1 (main floor 2 bed + den) at $2,700/month, unit 2 (second level 2 bed + den) at $2,500/month, unit 3 (third level 1 bed) at $1,891/month, and unit 4 (basement 1 bed) at $969/month. Each of the upper three units enjoys private outdoor space, including an oversized patio for the main floor unit, significantly enhancing tenant appeal and retention. The property also offers shared laundry facilities and rare on-site parking for four vehicles-a premium feature in the glebe-including a detached garage with two spaces and two additional surface spots. Beyond the numbers, the building stands out with its character, charm, and architectural presence, blending classic design with functional layouts that consistently attract high-quality tenants. Located in a prime, walkable neighbourhood with strong rental demand, this is an asset where vacancy is virtually nonexistent and tenant quality remains consistently high.
    Listing IDX12937508
    Address84 Fourth Avenue
    CityGlebe - Ottawa East and Area, Ontario
    Price$1,650,000
    Bed / Bath6 / 4 Full
    Style3-Storey, Triplex
    ConstructionBrick
    TypeMulti-Family
    StatusFor Sale

    Subtype TriplexIndoor Features Carpet FreeOwnership FreeholdBasement FullFoundation StoneHeating / Cooling RadiantHeating Fuel GasSewer Sewer

    Parking 4.00
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    Listing Brokerage: SLEEPWELL REALTY GROUP LTD

    * 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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    84 Fourth Avenue
    Glebe - Ottawa East and Area , Ontario
    6 4 $1,650,000
    Get more info