84 Fourth Avenue,Glebe - Ottawa East and Area, ON K1S 2L2
Glebe - Ottawa East and Area, ON K1S 2L2
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.
Details
| MLS # | X12937508 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Extension |
| Year | 0 |
| Days On Site | 162 |
| Listing Provided By | SLEEPWELL REALTY GROUP LTD | X12937508 509100 |
Features
| Bed(s) | 6 |
|---|---|
| Bath(s) | 4 |
| Garage | 2 |
| Basement | Y |
| Story(s) | 3 |
| Acreage | 0.12 |
Interior
| Interior Features | Carpet Free |
|---|---|
| Cooling | None |
| Heat Source | Gas |
| Fireplace Yes / No | No |
Exterior
| Roof | Asphalt Shingle |
|---|---|
| Foundation Details | Stone |
| Construction Materials | Brick |
Parking
| Garage Yes / No | Yes |
|---|---|
| Parking Features | Private, Reserved/Assigned, Covered |
Utilities
| Sewer | Sewer |
|---|
Taxes
| Tax Annual Amount | 12263.76 |
|---|---|
| Tax Legal Description | LOT 33, PL 35085, S/S FOURTH AVE; OTTAWA/NEPEAN |
| Tax Year | 2025 |
Area Information
| Province | ON |
|---|---|
| County | Ottawa |
| City | Glebe - Ottawa East and Area |
| Postal Code | K1S 2L2 |
| Area | 4402 Glebe |
| Listing VS Median (in K1S 2L2) | |
Price: $1,650,000 low | high Med: $0 On site: 162 low | high Med: | |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Ottawa |
| City | Glebe - Ottawa East and Area |
| Postal Code | K1S 2L2 |
| Area | 4402 Glebe |
| Listing VS Median (in K1S 2L2) | |
Price: $1,650,000 low | high Med: $0 On site: 162 low | high Med: | |
