$1,650,000 | Available For Sale - 84 Fourth Avenue , Glebe - Ottawa East and Area, K1S 2L2, Ottawa

$1,650,000

Available - For Sale

Listing ID: X12937508

Description
General Details
Room & Interior
Exterior
Utilities

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.

Price	$1,650,000
Taxes:	$12,263.76
Assessment Year:	2025
Occupancy by:	Tenant
Address:	84 Fourth Avenue , Glebe - Ottawa East and Area, K1S 2L2, Ottawa
Directions/Cross Streets:	Fourth and Bank

Rooms:	17
Rooms +:	4
Bedrooms:	5
Bedrooms +:	1
Washrooms:	4
Family Room:	F
Basement:	Full

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Property Type:	Triplex
Style:	3-Storey
Exterior:	Brick
Garage Type:	Detached
(Parking/)Drive:	Private, R
Drive Parking Spaces:	2
Park #1
Parking Type:	Private, R
Park #2
Parking Type:	Private
Park #3
Parking Type:	Reserved/A
Pool:	None
Approximatly Square Footage:	2500-3000

CAC Included:	N
Water Included:	N
Cabel TV Included:	N
Common Elements Included:	N
Heat Included:	N
Parking Included:	N
Condo Tax Included:	N
Building Insurance Included:	N
Fireplace/Stove:	N
Heat Type:	Radiant
Central Air Conditioning:	None
Central Vac:	N
Laundry Level:	Syste
Ensuite Laundry:	F
Sewers:	Sewer

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SLEEPWELL REALTY GROUP LTD

84 Fourth Avenue , Glebe - Ottawa East and Area, K1S 2L2, Ottawa

Maria Tompson

Sales Representative

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416-548-7854

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Type:	Freehold - Triplex
Area:	Ottawa
Municipality:	Glebe - Ottawa East and Area
Neighbourhood:	4402 - Glebe
Style:	3-Storey
Lot Size:	x 102.91(Feet)
Approximate Age:
Tax:	$12,263.76
Maintenance Fee:	$0
Beds:	5+1
Baths:	4
Garage:	0
Fireplace:	N
Air Conditioning:
Pool:	None

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	Maria Tompson Sales Representative Re/Max Example Inc, Brokerage Independently owned and operated. Cell: 416-548-7854 \| Office: 416-548-7854

Maria Tompson

Sales Representative

Re/Max Example Inc, Brokerage

Independently owned and operated.

support@bestforagents.com

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