84 Fourth Ave

About this Property

Turnkey investment opportunity in the heart of the Glebe! This character-filled legal triplex with a fourth non-conforming basement unit offers an attractive combination of strong rental income, desirable location, and long-term investment potential. Generating $96,724 in gross annual income with a strong NOI of $73,705, the property presents an excellent opportunity for investors seeking stable cash flow in one of Ottawa's most sought-after rental markets. The building features three legal residential units, including Unit 1 (main floor, 2 bed + den) renting for $2,700/month, Unit 2 (second floor, 2 bed + den) at $2,500/month, and Unit 3 (third floor, 1 bed) at $1,891/month. The fourth, non-conforming basement unit is currently vacant and being intentionally left vacant, providing the purchaser with flexibility to determine its future use. Previously rented for $969/month, this rental income has been included in the advertised gross income and NOI figures. Each of the three upper units enjoys private outdoor space, including an oversized patio for the main floor unit, adding to the property's appeal. Additional features include shared laundry facilities and parking for four vehicles, consisting of a detached two-car garage and two adjacent surface parking spaces, a valuable amenity in this highly desirable neighbourhood. Showcasing classic architectural charm, well-designed layouts, and a prime walkable location, this property offers an excellent opportunity to acquire an established income-producing asset with flexibility and long-term potential in the heart of the Glebe.

Listing Details

MLS #

X12937508

Board

PROPTX

Market

ontario

Property Type

Triplex

Style

3-Storey

Garage

Detached

Garage Spaces

2

Parking Spaces

4

Basement

Full

Heating

Radiant

Cooling

None

Pool

None

Lot Size

49.94 × 102.91 ft

Annual Taxes

$12,264/yr

Listed By

SLEEPWELL REALTY GROUP LTD

Listed On

March 30, 2026

Features & Extras