Address
84 Fourth Avenue, Ottawa, ON
Price
$ 1,650,000
Property Attributes
- ID#X12937508
- TypeMulti-Family
- Listing Status Active
- MunicipalityOttawa
- CityOttawa
- Area4402 - Glebe
- Neighbourhood4402 - Glebe
- Postal CodeK1S 2L2
- Style
- Price$ 1,650,000
- Bedrooms5+1
- Bathrooms4
- Half Bathrooms0
Data Source:
Canadian Real Estate Association (CREA)
Property Description
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. (id:7434)
General Features
| Features | Carpet Free |
|---|---|
| Property Type | Multi-family |
| CommunityName | 4402 - Glebe |
| Building Appliances | Dishwasher, Dryer, Stove, Two Washers, Refrigerator |
| Building Cooling Type | None |
| Location Description | Cross Streets: Fourth and Bank. ** Directions: Heading South on Bank St, turn left onto Fourth Ave. Heading North, turn right onto Fourth Ave. |
| Parking Space Total | 4 |
| Foundation Type | Stone |
| Building Type | Triplex |
| Building.StoriesTotal | 3 |
Interior Features
| Building Fireplace Present | False |
|---|---|
| Building Heating Type | Radiant heat |
| Building Heating Fuel | Natural gas |
| Basement Type | Full |
| Living Area Range | 2500 |
| Bedrooms | 5+1 |
Exterior Features
| Sewer | Sanitary sewer |
|---|---|
| Exterior Finish | Brick |
Amenities
- Views
- New Construction
- Adult 55+
- Lease To Own
- No Strata Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in K1S 2L2
Price
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