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. (id:25961)
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Rooms
| Level | Type | Dimensions |
|---|
Details
- Features: Carpet Free
- Parking Spaces: 4
- Transaction: For sale
Building
- Appliances: Dishwasher, Dryer, Stove, Two Washers, Refrigerator
- BasementType: Full
- Bedrooms Main Level: 5
- Bedrooms Lower Level: 1
- Cooling: None
- Exterior Finish: Brick
- Fireplace Present: False
- Foundation: Stone
- Bathrooms (Total): 4
- Heating: Radiant heat, Not known
- Heating Fuel: Natural gas
- Size Interior: 2500 - 3000 sqft
- Stories Total: 3
- Type: Triplex
- Utility Water: Municipal water
Land
- Sewer: Sanitary sewer
- Size Frontage: 49 ft ,10 in
- Size Irregular: 49.9 x 102.9 FT
Listing provided by SLEEPWELL REALTY GROUP LTD
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 84 FOURTH AVENUE in Ottawa Ontario. It was last modified on March 30th, 2026. Contact Biju George to schedule a viewing or to discover other Ottawa real estate for sale.