84 FOURTH AVENUE, Ottawa, Ontario, K1S 2L2

MLS® # X12937508

Investment For Sale In Glebe - Dows Lake, Ottawa, Ontario

$1,695,000

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84 Fourth Avenue, Ottawa, ON - Outdoor With Facade

84 Fourth Avenue, Ottawa, ON - Outdoor With Exterior

84 Fourth Avenue, Ottawa, ON - Indoor Photo Showing Kitchen

84 Fourth Avenue, Ottawa, ON - Indoor Photo Showing Living Room With Fireplace

84 Fourth Avenue, Ottawa, ON - Indoor Photo Showing Office

84 Fourth Avenue, Ottawa, ON - Indoor Photo Showing Bedroom

84 Fourth Avenue, Ottawa, ON - Indoor Photo Showing Bathroom

84 Fourth Avenue, Ottawa, ON - Indoor Photo Showing Other Room

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84 FOURTH AVENUE, Ottawa, Ontario, K1S 2L2

$1,695,000

Property Information:

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:27)

Building Features:

Style: Triplex
Building Type: Triplex
Basement Type: Full
Exterior Finish: Brick
Floor Space: 2500 - 3000 sqft
Foundation Type: Stone
Heating Type: Radiant heat
Heating Fuel: Natural gas
Cooling Type: None
Appliances: Dishwasher, Dryer, Stove, Refrigerator

Property Features:

Property Type: Multi-family
Features: Carpet Free
Floor Space (approx): 2500 - 3000 Square Feet
Irregular: Yes
Lot Depth: 102.8 Feet
Lot Frontage: 49.8 Feet
Lot Size: 49.9 x 102.9 FT
Sewer: Sanitary sewer
Parking Type: Detached garage, Garage, Covered
No. of Parking Spaces: 4

Courtesy of: SLEEPWELL REALTY GROUP LTD

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