84 Fourth Av - Apartments FOR SALE


Ottawa, ON K1S 2L2- Downtown
$1,790,000 CAD
613-899-3008

NO PHOTO

$1,790,000 CAD
Apartments - FOR SALE
null | 4.12% Cap Rate

84 Fourth Av
Ottawa, ON K1S 2L2
Downtown


HIGHLIGHTS

  • Turnkey 4-unit income property in Ottawa’s Glebe generating $96,724 in annual gross income with a strong NOI of $73,705.
  • Features three legal units plus a non-conforming basement suite with proper egress for added safety and functionality.
  • Features three legal units plus a non-conforming basement suite with proper egress for added safety and functionality.
  • Includes shared laundry and rare on-site parking for four vehicles, with a detached two-car garage and two surface spaces in a highly walkable neighbo

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,790,000 CAD

PRICE/SF

$597 CAD /SF

# OF UNITS

4

PRICE/UNIT

$447,500

CAP RATE

4.12%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Adam PearceSLEEPWELL REALTY GROUP LTDMore Info
613-899-3008

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Adam PearceSLEEPWELL REALTY GROUP LTDMore Info
613-899-3008

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.