84 FOURTH AVENUE

Key facts

• Property type: Multi-family
• Structure: Triplex
• Transaction: For Sale
• Price: class="container" id="details-container",695,000
• Bedrooms: 6
• Bathrooms: 4
• Lot size: 49.9 x 102.9 FT
• Parking: 4
• Listing key: 29535442

Listing 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 class="container" id="details-container",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 faciliti...