84 FOURTH AVENUE, Ottawa
- Multi-Family
- Spacious 6-bedroom layout
- 4-car parking
- Ottawa location
Ask Peter Sagos about this property
About This Property
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:66401)
Property Details
Building & Features
Building
- Building type
- Triplex
- Storeys
- 3
- Exterior
- Brick
- Foundation
- Stone
Interior
- Basement
- Full
- Bedrooms above grade
- 5
- Bedrooms below grade
- 1
- Heating
- Radiant heat, Natural gas
- Cooling
- None
- Fireplace
- No
- Appliances
- Refrigerator, Dishwasher, Stove, Dryer, Two Washers
Parking
- Garage and parking
- Detached Garage, Garage, Covered
Lot and land
- Lot dimensions
- 49.9 x 102.9 FT
- Frontage
- 49.1 ft
- Lot features
- Carpet Free
- Water
- Municipal water
- Sewer
- Sanitary sewer
Location
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