Outstanding opportunity in the Glebe, halfway between the Rideau Canal and Bank Streets shops, cafe s, and transit.


Property

Website:https://www.nestseekers.com/5017646
Address:
Glebe - Ottawa East and Area K1S 1X5
Canada
Ownership: For Sale
Type: Unknown
Bedrooms: 10 BR
Bathrooms: 4

Financials

Price:C1,630,000
($1,171,200)
(€1,014,700)
Annual Taxes:C12,077.29

Description

Outstanding opportunity in the Glebe, halfway between the Rideau Canal and Bank Streets shops, cafés, and transit. This legal 4-unit solid BRICK building combines classic charm with smart, income-generating potential in one of Ottawa's most desirable neighbourhoods. Featuring two 2-bedroom units and two 3-bedroom units (with dishwashers!), each suite is bright, spacious, and well-maintained, ideal for professional tenants. The property offers multiple balconies, a two-car garage, and a coin-operated laundry for added convenience and income. Recent system updates ensure efficiency and peace of mind, while original character elements -- very high ceilings, transom windows, hardwood floors, wonderful original trim, updated antique light fixtures, and large windows -- enhance the property's timeless appeal. This building represents a rare combination of stability, location, and upside potential. Investors will appreciate the solid rental history and strong tenant demand, while those seeking an owner-occupied option will find the generous main-floor or upper units ideal for personal use with income support from the remaining apartments.The property sits mid-block on Strathcona Avenue, just steps to the Canal pathways, Lansdowne Park, parks, schools, and all the amenities of Bank and Elgin streets. A truly turnkey investment or flexible live-in opportunity offering the perfect balance of lifestyle and long-term value in the heart of the Glebe. Updated systems. Long term owner. Close to everything. Two outdoor plus two garage parking spaces. Private drive. Amazing opportunity! Gross Income: $108,300/year. Expenses 2025: $24,827.

Amenities

  • Porch
  • Water Heater Owned

Contact

505 Park Ave, New York, NY 10022