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$1,695,000
Ontario,Ottawa
For Sale Active
84 FOURTH AVENUE, Ottawa, Ontario K1S2L2
  • 6
  • 4
  • 2500 - 3000Square Feet
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Basic Details
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:62650)

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Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: X12937508
  • Price: $1,695,000
  • Bedrooms: 6
  • Bathrooms: 4
  • Square Footage: 2500 - 3000 Sqft
  • Status: Active
  • Property Attached Yn: 1
  • Property Sub Type: Multi-family
  • Office Key: 295233
Features & Appliances
Features
  • Heating System: Natural gas, Radiant heat
  • Cooling System: None
  • Basement: Full
  • Parking: Detached Garage, Garage, Covered
  • Exterior Features: Brick
  • Sewer: Sanitary sewer
Address Map
  • Location: CA, Ontario, Ottawa, K1S2L2
  • Street: Fourth
  • Street Number: 84
  • Street Suffix: Avenue
  • Longitude: W76° 18' 47.8''
  • Latitude: N45° 24' 9.4''
Additional Information
  • Water Source:
  • Foundation Details:
  • Lot Features:
  • Lot Size Dimensions: 49.9 x 102.9 FT
  • Stories: 3.0
Financial
  • Tax Annual Amount: 12263.76
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Listing updated: 2026-07-06 13:38:08
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Listing Information
  • List Agent Key: 1921575
  • List Office Key: 295233
  • Modification Timestamp: 2026-05-28T16:40:19Z
  • Originating System Name: Ottawa Real Estate Board
  • Status Change Timestamp: 2026-05-28T16:33:54Z
Powered by REALTOR.ca
Listing updated: 2026-07-06 13:38:09
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