Space
Finished area and layout
- Square Feet
- 2,500-3,000 sqft
- Bedrooms
- 6
- Bathrooms
- 4
+15 more
6
Bedrooms
4
Bathrooms
2,500-3,000 sqft
Square Feet
49.9 x 102.9 ft
Lot
4
Parking
Property Snapshot
Key details for this listing
MLS #X12937508
Property
Type, style and structure
- Type
- residential
- Style
- multi-family / Multiplex
- Ownership
- Freehold
- Basement
About This Property
This 6-bedroom, 4-bathroom multi-family in Ottawa offers 2,500-3,000 sqft of square feet on a 49.9 x 102.9 ft lot. 3 storeys. The property has lot dimensions of 49.9 x 102.9 FT. The home features radiant heat, natural gas heating, none, a full basement.
MLS Remarks
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:60351)
Inclusions
4 fridge, 4 stove, 2 dishwasher, 2 washer, 1 dryer
Looking for Something Similar?
We can help you find properties matching your criteria, including exclusive listings not yet on the market.
Save favorites, track showings, view sold data & get market alerts — Free account — 100% free
