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$ 1,790,000
Est. payment /mo
Active
84 Fourth AVE Glebe - Ottawa East And Area, ON K1S 2L2
6 Beds
4 Baths
UPDATED:
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 6
Annual Tax Amount $12,263
Tax Year 2025
Property Sub-Type Triplex
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.
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
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