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 b...uilding 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.
Full Property Details
Interior
Bedrooms
5
Bedrooms Plus
1
Total Bedrooms
6
Washrooms
4
Square Footage
2500-3000 sqft
Basement
Full
Heating Source
Gas
Heating Fuel
Radiant
Air Conditioning
None
Family Room
No
Kitchens
3
Kitchens Plus
1
Total Kitchens
4
Fireplace Features
No
Bedrooms
5
Bedrooms Plus
1
Total Bedrooms
6
Washrooms
4
Square Footage
2500-3000 sqft
Basement
Full
Heating Source
Gas
Heating Fuel
Radiant
Air Conditioning
None
Family Room
No
Kitchens
3
Kitchens Plus
1
Total Kitchens
4
Fireplace Features
No
Exterior
Depth
102.91
Front
49.94
Driveway
Private,Reserved/Assigned,Covered
Lot Size
50 x 102.91 ft
Pool
None
Parking Spaces
4
Total Parking Spaces
4.00
Parking Description
Detached
Garage Spaces
2
Depth
102.91
Front
49.94
Driveway
Private,Reserved/Assigned,Covered
Lot Size
50 x 102.91 ft
Pool
None
Parking Spaces
4
Total Parking Spaces
4.00
Parking Description
Detached
Garage Spaces
2
Building Description
Style
3-Storey
Home Type
Apartment
Subtype
Triplex
Property Orientation
South
Exterior Finish
Brick
Sewers
Sewer
Water Supply
Municipal
Possession Date
No Data
Style
3-Storey
Home Type
Apartment
Subtype
Triplex
Property Orientation
South
Exterior Finish
Brick
Sewers
Sewer
Water Supply
Municipal
Possession Date
No Data
Community
Community
Glebe
Community
Glebe
Taxes & Fees
Taxes
$12,263.76 /yr
Tax Year
2025
Occupancy
Tenant
Taxes
$12,263.76 /yr
Tax Year
2025
Occupancy
Tenant
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