Mirna Botros
613-600-262684 Fourth Avenue - $1,790,000
84 Fourth Avenue - $1,790,000
84 Fourth Avenue
$1,790,000
4402 - Glebe
Ottawa, OntarioK1S2L2
6 beds
4 baths
4 parking
MLS#: X12937508Listed: about 3 hours agoUpdated:about 2 hours ago
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:58075)Details
Details for 84 Fourth Avenue, Ottawa, Ontario- Property Type
- Multi Family
- Building Type
- Triplex
- Storeys
- 3
- Neighborhood
- 4402 - Glebe
- Land Size
- 49.9 x 102.9 FT
- Year Built
- -
- Annual Property Taxes
- $12,264
- Parking Type
- Detached Garage, Garage, Covered
Inside
- Appliances
- Refrigerator, Dishwasher, Stove, Dryer, Two Washers
- Rooms
- -
- Bedrooms
- 6
- Bathrooms
- 4
- Fireplace
- -
- Fireplace Total
- -
- Basement
- Full
Building
- Architecture Style
- -
- Direction
- Cross Streets: Fourth and Bank. ** Directions: Heading South on Bank St, turn left onto Fourth Ave. Heading North, turn right onto Fourth Ave.
- Type of Dwelling
- triplex
- Roof
- -
- Exterior
- Brick
- Foundation
- Stone
- Flooring
- -
Land
- Sewer
- Sanitary sewer
- Lot Size
- 49.9 x 102.9 FT
- Zoning
- -
- Zoning Description
- -
Parking
- Features
- Detached Garage, Garage, Covered
- Total Parking
- 4
Utilities
- Cooling
- None
- Heating
- Radiant heat, Not known, Natural gas
- Water
- Municipal water
Feature Highlights
- Community
- -
- Lot Features
- Carpet Free
- Security
- -
- Pool
- -
- Waterfront
- -
Rooms
Rooms for 84 Fourth Avenue, Ottawa, OntarioMap
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