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84 Fourth Avenue, Ottawa
$1,650,000
6 Beds ⋅ 4 Baths ⋅ X12937508 MLS® #
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:5764)

84 Fourth Avenue, Ottawa

Listing courtesy of SLEEPWELL REALTY GROUP LTD.

80 Fourth Avenue, Ottawa
$1,350,000
4 Beds ⋅ 3 Baths ⋅ X13580146 MLS® #
Welcome to 80 Fourth Avenue, an exceptional opportunity to create your dream home in the heart of the Glebe. Whether you envision transforming the entire property into a stunning single-family residence or living in one suite while benefiting from the rental income from the other, this property offers incredible flexibility and endless potential in one of Ottawa's most sought-after neighbourhoods. The vacant main floor, complete with exclusive use of the basement, is ready for immediate occupancy or renovation, allowing you to customize the space to suit your lifestyle and vision. The second and third floors are occupied by a long-term tenant, providing reliable rental income to help offset monthly expenses while you enjoy your home or complete future improvements. The property features three hydro meters, with one dedicated to each unit, as well as a rare detached two-car garage at the rear of the property. Whether you need secure parking, additional storage, a workshop, or simply appreciate the convenience of a spacious garage in the Glebe, this is a feature that is becoming increasingly difficult to find. Perfectly positioned on one of the Glebe's most desirable streets, you'll enjoy being just steps from Bank Street's vibrant shops, cafés, restaurants, and local boutiques. Lansdowne Park, TD Place, the Rideau Canal, excellent schools, parks, and countless walking and cycling paths are all within easy reach, offering an unmatched urban lifestyle in one of Ottawa's most established and prestigious communities. Whether you're searching for your forever home, a renovation project with exceptional upside, or a property that combines homeownership with income potential, 80 Fourth Avenue presents a rare opportunity to make your vision a reality in a location that continues to be one of Ottawa's most desirable places to call home. (id:5764)

80 Fourth Avenue, Ottawa

Listing courtesy of SLEEPWELL REALTY GROUP LTD.

86 Fourth Avenue, Ottawa
$1,180,000
4 Beds ⋅ 4 Baths ⋅ X13492274 MLS® #
Imagine owning a classic Glebe home and transforming it into the home you've always dreamed of. 86 Fourth Avenue presents a rare opportunity to purchase a timeless red brick property in one of Ottawa's most sought-after neighbourhoods while enjoying the flexibility of its current duplex configuration. Occupy either the main floor or upper suite and continue renting the other to help offset your mortgage, renovate one level at a time at your own pace, or transform the property into the extraordinary single-family residence you've always envisioned. Conceptual architectural floor plans have already been prepared, providing inspiration for a stunning four-bedroom family home while still giving you the freedom to personalize every detail and create a home that is uniquely your own. Rich in character and timeless architectural appeal, this classic residence showcases original hardwood flooring, beautiful wood trim, generous room proportions, inviting covered porches, a detached garage, an expansive driveway, and two separately metered hydro services. Ideally located just steps from the Rideau Canal, Lansdowne Park, vibrant Bank Street, boutique shopping, cafés, award-winning restaurants, the Lansdowne Farmers' Market, excellent schools, parks, and countless year-round community events, you'll experience one of Ottawa's most walkable, vibrant, and cherished neighbourhoods where everything you need is just moments from your front door. Whether you choose to enjoy the home in its current configuration, thoughtfully renovate over time, or create your forever home from the ground up, 86 Fourth Avenue offers a truly unique opportunity to establish yourself in the Glebe while creating a home that can be enjoyed by your family for generations to come. (id:5764)

86 Fourth Avenue, Ottawa

Listing courtesy of SLEEPWELL REALTY GROUP LTD.

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