Glebe - Ottawa East and Area K1S 1X5 Ontario
MLS: X12452627
Added 3 hours ago | For Sale
Listed by: OTTAWA URBAN REALTY INC.
Outstanding opportunity in the Glebe, halfway between the Rideau Canal and Bank Streets shops, cafés, and transit. This legal 4-unit solid BRICK building combines classic charm with smart, income-generating potential in one of Ottawa's most desirable neighbourhoods. Featuring two 2-bedroom units and two 3-bedroom units (with dishwashers!), each suite is bright, spacious, and well-maintained, ideal for professional tenants. The property offers multiple balconies, a two-car garage, and a coin-operated laundry for added convenience and income. Recent system updates ensure efficiency and peace of mind, while original character elements -- very high ceilings, transom windows, hardwood floors, wonderful original trim, updated antique light fixtures, and large windows -- enhance the property's timeless appeal. With a projected cap rate above 5.1%, this building represents a rare combination of stability, location, and upside potential. Investors will appreciate the solid rental history and strong tenant demand, while those seeking an owner-occupied option will find the generous main-floor or upper units ideal for personal use with income support from the remaining apartments.The property sits mid-block on Strathcona Avenue, just steps to the Canal pathways, Lansdowne Park, parks, schools, and all the amenities of Bank and Elgin streets. A truly turnkey investment or flexible live-in opportunity offering the perfect balance of lifestyle and long-term value in the heart of the Glebe. Updated systems. Long term owner. Close to everything. Two outdoor plus two garage parking spaces. Private drive. Amazing opportunity! Gross Income: $111,900/year. Expenses 2024: $24,887
| Level | Type | Features | Dimensions |
|---|---|---|---|
| Main | Living Room | Imitation Fireplace | 19 ft x 12 ft, 8 in |
| Kitchen | B/I Dishwasher | 11 ft x 8 ft, 11 in | |
| Bathroom | 4 Pc Bath | 0 ft x 0 ft | |
| Bedroom | 10 ft, 8 in x 10 ft, 3 in | ||
| Bedroom | 12 ft, 8 in x 9 ft, 9 in | ||
| Bedroom | 9 ft, 4 in x 8 ft, 8 in | ||
| Second | Living Room | 15 ft, 7 in x 12 ft, 6 in | |
| Kitchen | B/I Dishwasher | 9 ft, 9 in x 9 ft, 2 in | |
| Bedroom | 12 ft, 9 in x 11 ft, 10 in | ||
| Bedroom | 12 ft, 8 in x 9 ft, 9 in | ||
| Bedroom | Balcony | 12 ft, 7 in x 10 ft, 1 in | |
| Bathroom | 4 Pc Bath | 0 ft x 0 ft | |
| Third | Great Room | Combined w/Living, Combined w/Dining | 20 ft, 1 in x 12 ft |
| Kitchen | 8 ft, 8 in x 8 ft, 4 in | ||
| Bedroom | 10 ft, 10 in x 9 ft, 10 in | ||
| Bedroom | 9 ft, 10 in x 8 ft, 8 in | ||
| Bathroom | 4 Pc Bath | 0 ft x 0 ft | |
| Basement | Living Room | Open Concept | 14 ft, 5 in x 11 ft, 4 in |
| Dining Room | Open Concept | 10 ft, 11 in x 8 ft, 4 in | |
| Kitchen | Open Concept | 8 ft, 9 in x 7 ft, 1 in | |
| Bathroom | 4 Pc Bath | 0 ft x 0 ft | |
| Bedroom | 12 ft, 4 in x 11 ft, 1 in | ||
| Bedroom | 12 ft, 4 in x 8 ft, 10 in |
No property rooms available.
