20
$1,650,000 Sale
Listed 196 days ago
84 Fourth Avenue
· 5+1
· 4
· 4
· 2500-3000
Listing History
Buy/Sell/Terminated/Expired listing history for 84 Fourth Avenue
Key Facts
Key facts for 84 Fourth Avenue
Property Type
Apartment, 3-Storey
Parking
Detached 2 garage, 4 parking
MLS #
X12937508
Size
2500-3000 sqft
Basement
Full
Listed on
2026-03-30
Lot size
50 x 102.91
Tax
$12,263.76 /yr
Days on Market
197
Approximate Age
-
Maintenance Fee
-
Description
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.
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Courtesy of: SLEEPWELL REALTY GROUP LTD