84 FOURTH AVENUE, Ottawa, Ontario, K1S2L2
MLS: X12937508 | Triplex
$1,790,000
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:64974)
Quick Facts
- Property Type: Triplex
- Bedrooms: 6 (5 above, 1 below)
- Bathrooms: 4
- Attached: Yes
- Parking: 4.0 spaces (Detached Garage, Garage, Covered)
- Frontage: 49 ft (15 m)
Costs
- Annual Taxes: $12,263.76 (2025)
Listing Provided by: SLEEPWELL REALTY GROUP LTD
Board: Ottawa Real Estate Board
Data provided via CREA DDF®.
Detailed Features
Interior & Systems
- Heating: Radiant heat, Not known, Natural gas
- Cooling: None
- Basement: Full
- Appliances: Refrigerator, Dishwasher, Stove, Dryer, Two Washers
Exterior & Construction
- Exterior: Brick
- Foundation: Stone
- Sewer: Sanitary sewer
- Water: Municipal water
Lot & Land
- Frontage: 49 ft (15 m)
- Features: Carpet Free
Community & Neighbourhood
- Neighbourhood: 4402 - Glebe
Listing Information
Listing History
MLS listing activity for 84 FOURTH AVENUE, Ottawa, Ontario, K1S2L2 — dates reflect when changes were recorded in the DDF
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Mortgage & Cost Calculators
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84 FOURTH AVENUE, Ottawa, Ontario, K1S2L2