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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Wilson Hon

Wilson Hon

+1(416) 889-0886
$ 1,790,000
Est. payment | /mo

6 Beds

4 Baths

Save
$ 1,790,000
Est. payment | /mo
Save

6 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 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

Nearby Locations

Wilson Hon

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

+1(416) 889-0886

wilson.hon@exprealty.com

50 Leek Cres, Richmond Hill, ON, L4B 4J3, CAN

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84 Fourth AVE