84 Fourth AVE, Glebe - Ottawa East And Area, ON K1S 2L2
84 Fourth AVE, Glebe - Ottawa East And Area, ON K1S 2L2
84 Fourth AVE, Glebe - Ottawa East And Area, ON K1S 2L2
84 Fourth AVE, Glebe - Ottawa East And Area, ON K1S 2L2
84 Fourth AVE, Glebe - Ottawa East And Area, ON K1S 2L2
84 Fourth AVE, Glebe - Ottawa East And Area, ON K1S 2L2
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Madison Bould

Madison Bould

+1(647) 960-7779
$ 1,650,000
Est. payment | /mo

5 Beds

4 Baths

Save
$ 1,650,000
Est. payment | /mo
Save

5 Beds

4 Baths

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 2500-3000

Subdivision 4402 - Glebe

MLS Listing ID X12937508

Style 3-Storey

Bedrooms 5

Annual Tax Amount $12,263

Tax Year 2025

Property Sub-Type Triplex

Property Description

Turnkey investment opportunity in the heart of the Glebe! This character-filled legal triplex with a fourth non-conforming basement unit offers an attractive combination of strong rental income, desirable location, and long-term investment potential. Generating $96,724 in gross annual income with a strong NOI of $73,705, the property presents an excellent opportunity for investors seeking stable cash flow in one of Ottawa's most sought-after rental markets. The building features three legal residential units, including Unit 1 (main floor, 2 bed + den) renting for $2,700/month, Unit 2 (second floor, 2 bed + den) at $2,500/month, and Unit 3 (third floor, 1 bed) at $1,891/month. The fourth, non-conforming basement unit is currently vacant and being intentionally left vacant, providing the purchaser with flexibility to determine its future use. Previously rented for $969/month, this rental income has been included in the advertised gross income and NOI figures. Each of the three upper units enjoys private outdoor space, including an oversized patio for the main floor unit, adding to the property's appeal. Additional features include shared laundry facilities and parking for four vehicles, consisting of a detached two-car garage and two adjacent surface parking spaces, a valuable amenity in this highly desirable neighbourhood. Showcasing classic architectural charm, well-designed layouts, and a prime walkable location, this property offers an excellent opportunity to acquire an established income-producing asset with flexibility and long-term potential in the heart of the Glebe.

Location

Province ON

County Ottawa

Area Ottawa

Rooms

Family Room No

Basement Full

Kitchen 4

Separate Den/Office 1

Interior

Interior Features Carpet Free

Cooling None

Fireplace No

Heat Source Gas

Exterior

Parking Features Private, Reserved/Assigned, Covered

Garage Spaces 2.0

Pool None

Roof Type Asphalt Shingle

Lot Frontage 49.94

Lot Depth 102.91

Total Parking Spaces 4

Building

Foundation Stone

Others

ParcelsYN No

Listed by SLEEPWELL REALTY GROUP LTD

Nearby Locations

Madison Bould

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(647) 960-7779

madison.bould@theagencyre.com

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84 Fourth AVE