CAONOttawa84 Fourth Ave
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84 Fourth Ave, Ottawa, ON

House

For Sale

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642

MLS® X12937508

  • Key Facts
  • Description
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Key Facts

Type Triplex
Levels Residential
Size -
Garage Detached
Taxes $12,264
Days Active 2
Lot Size 
Approx. Age 
MLS® Number X12937508

Property Address: 84 Fourth Ave, Ottawa, ON, K1S2L2

Average square foot calculated using Size range provided by listing agent.

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.Show Description
MLS® NumberX12937508
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageDetached
Approx. Age
BasementFull
DrivewayGarage Type:Detached
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

00/00/0000End Date
$XXX,XXXSold Price
Top Secret
00/00/0000List Date
$XXX,XXXList Price

Home Appraisal

This property is estimated to sell between: $1,584,000 and $1,893,000.
Similar properties in this area sold on average for: $1,584,166
Expected to sell in 61 days. Similar properties sold in 63 days. This home has been on eXp Realty for 2 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

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