<-- style PDP --> 84 Fourth Avenue, Ottawa - Triplex for sale for $1,650,000
  • for sale
  • leased

84 Fourth Avenue

Ottawa, Ontario, K1S 2L2 - Glebe

$1,650,000

  • Neighbourhood

    Glebe

  • Major Intersection

    Fourth and Bank

  • Listed Since: 183 day(s)

  • Last update: today

Overview

  • Property Type

    Triplex, 3-Storey

  • Bedrooms

    5 + 1

  • Bathrooms

    4

  • Basement

    Full

  • Kitchen

    3 + 1

  • Total Parking

    4 (2 Detached Garage)

  • Lot Size

    49.94x102.91 (Feet)

  • Taxes

    $12,263.76 (2025)

  • Type

    Freehold

Property Description

Property description for 84 Fourth Avenue, Ottawa

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.

Listed by SLEEPWELL REALTY GROUP LTD

  • MLS #

    X12937508

  • Sq. Ft

    2500-3000

  • Sq. Ft. Source

    MLS

  • Lot Irregularities

    n/a

  • Year Built

    Available Upon Request

  • Pool

    None

  • Drive

    Private, Reserved/Assigned, Covered

  • Garage

    Detached, 2 spaces

  • Total Parking

    4

  • Family Room

    N

  • Den

    N

  • Exterior

    Brick

  • Fireplace

    N

  • Roof

    Asphalt Shingle

  • Foundation

    Stone

  • Elevator

    n/a

  • Water View

    n/a

  • Laundry Level

    Lower

  • Heat

    Radiant

  • A/C

    None

  • Water

    Municipal

  • Water Supply

    n/a

  • Sewers

    Sewers

  • Central Vac

    N

  • MLS #

    X12937508

  • Sq. Ft

    2500-3000

  • Sq. Ft. Source

    MLS

  • Lot Irregularities

    n/a

  • Year Built

    Available Upon Request

  • Pool

    None

  • Drive

    Private, Reserved/Assigned, Covered

  • Garage

    Detached, 2 spaces

  • Total Parking

    4

  • Family Room

    N

  • Den

    N

  • Exterior

    Brick

  • Fireplace

    N

  • Roof

    Asphalt Shingle

  • Foundation

    Stone

  • Elevator

    n/a

  • Water View

    n/a

  • Laundry Level

    Lower

  • Heat

    Radiant

  • A/C

    None

  • Water

    Municipal

  • Water Supply

    n/a

  • Sewers

    Sewers

  • Central Vac

    N

Thinking of Selling?

Find Out Your Home’s Value in Today’s Market!

No Email or Signup is required to view your home estimate.

estimate your home value

Contact Manoj Kukreja

Sales Representative,
Century 21 People’s Choice Realty Inc.,
Brokerage
(647) 576 - 2100

Manoj profile avatar

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Additional information

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registration Fee's

$164

Title Insurance

Closing Cost Total

Total Cash flow for purchasing this property

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registarion Fee's

$164

Title Insurance

Down Payment(%)*

* A down payment of less than 20% is permitted only for first-time home buyers purchasing their principal residence. The minimum down payment required is 5% for the portion of the purchase price up to $500,000, and 10% for the portion between $500,000 and $1,500,000. For properties priced over $1,500,000, a minimum down payment of 20% is required.

Thinking of Selling?

Find Out Your Home’s Value in Today’s Market!

No Email or Signup is required to view your home estimate.

estimate your home value

Contact Manoj Kukreja

Sales Representative, Century 21 People’s Choice Realty Inc., Brokerage
(647) 576 - 2100

Manoj profile avatar

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