634 GLADSTONE AVENUE
Ottawa, Ontario, K1R5P4
For Sale | $978,000 | 5 beds | 5 baths
Key facts
- Property type: Multi-family
- Structure: Other
- Transaction: For Sale
- Price: $978,000
- Bedrooms: 5
- Bathrooms: 5
- Lot size: 24 x 99.1 FT
- Parking: 2
- Listing key: 29826807
Listing overview
This exceptional parkside property offers a rare blend of urban character, immediate cash flow, and premium location. Operating as a fiveplex with a non-conforming fifth basement suite (property taxes from the city come for five units), the building features a highly rentable layout anchored by a large two bedroom unit with a spacious living area, and a mix of different sized one bedroom apartments. Location is an incredible selling point here, sitting directly in front of a vibrant park and community recreation centre, being one of the greenest areas in downtown environment, just a short walk to the best of Chinatown, Little Italy, and the Glebe. The investment delivers total peace of mind with approximately $64,020 in yearly rent income, fully occupied by respectful young professionals. This property has been meticulously maintained with high-value updates already completed, including...
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