Mirna Botros
613-600-2626634 Gladstone Avenue - $978,000
634 Gladstone Avenue - $978,000
634 Gladstone Avenue
$978,000
4103 - Ottawa Centre
Ottawa, OntarioK1R5P4
5 beds
5 baths
2 parking
MLS#: X13216242Listed: 3 months agoUpdated:3 months ago
Description
This exceptional parkside property offers a rare blend of urban character, immediate cash flow, and premium location. Operating as a fiveplex with a non-conforming fifth basement suite (property taxes from the city come for five units), the building features a highly rentable layout anchored by a large two bedroom unit with a spacious living area, and a mix of different sized one bedroom apartments. Location is an incredible selling point here, sitting directly in front of a vibrant park and community recreation centre, being one of the greenest areas in downtown environment, just a short walk to the best of Chinatown, Little Italy, and the Glebe. The investment delivers total peace of mind with approximately $64,020 in yearly rent income, fully occupied by respectful young professionals. This property has been meticulously maintained with high-value updates already completed, including a new roof and eavestroughs in November 2023, an updated main electrical panel in 2015, and a steady history of interior refreshes to the flooring, washrooms, and appliances. This is a turnkey addition to any portfolio, offering massive long term value and clear rental upside based on its irreplaceable setting and solid condition. The lot comes with two parking spaces: one is designated for tenant use, and the other is a legal easement reserved for the neighboring property. (id:58075)Details
Details for 634 Gladstone Avenue, Ottawa, Ontario- Property Type
- Multi Family
- Building Type
- Other
- Storeys
- 2.5
- Neighborhood
- 4103 - Ottawa Centre
- Land Size
- 24 x 99.1 FT
- Year Built
- -
- Annual Property Taxes
- $8,406
- Parking Type
- No Garage
Inside
- Appliances
- Refrigerator, Stove
- Rooms
- -
- Bedrooms
- 5
- Bathrooms
- 5
- Fireplace
- -
- Fireplace Total
- -
- Basement
- Finished, N/A
Building
- Architecture Style
- -
- Direction
- Gladstone Avenue east of Bronson Avenue.
- Type of Dwelling
- other
- Roof
- -
- Exterior
- Brick
- Foundation
- Stone
- Flooring
- -
Land
- Sewer
- Sanitary sewer
- Lot Size
- 24 x 99.1 FT
- Zoning
- -
- Zoning Description
- TM14H(14.5)
Parking
- Features
- No Garage
- Total Parking
- 2
Utilities
- Cooling
- None
- Heating
- Forced air, Natural gas
- Water
- Municipal water
Feature Highlights
- Community
- -
- Lot Features
- -
- Security
- -
- Pool
- -
- Waterfront
- -
Rooms
Rooms for 634 Gladstone Avenue, Ottawa, OntarioMap
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