For Sale: 163 First Avenue, Ottawa, ON - REW
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$1,799,000
0 bd • ba • 4738 sf • Multifamily
163 First Avenue
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$1,799,000
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163 First AvenueOttawa, ON, K1S 2G3

Glebe - Dows Lake
  • 0 Bed
  • Bath
  • 4738 Sqft
  • Multifamily

About this home

Rare six-unit multifamily investment opportunity in the heart of the Glebe, one of Ottawa's most desirable and amenity-rich urban neighbourhoods. This well-maintained purpose-built apartment building offers a highly sought-after unit mix comprising four two-bedroom suites and two one-bedroom suites, catering to a stable tenant profile that includes working professionals and couples. Building systems include hot water radiator heating, six dedicated storage lockers, recently roughed-in common laundry facilities which can accommodate one washer and one dryer, and other notable capital improvements including a flat roof replacement completed in 2019, with an additional roof section replaced in 2025. The property benefits from N4B [1474] H(11) zoning, providing investors with long-term positioning in a neighbourhood characterized by strong rental demand, limited housing supply, and exceptional walkability. Residents enjoy immediate access to a wide range of everyday conveniences, all within walking distance, including Metro Glebe, Shoppers Drug Mart, Starbucks, RBC Royal Bank, Capital Home Hardware, and Canada Post. The property also benefits from proximity to some of Ottawa's most prominent destinations, including TD Place Stadium (1.4 km) and Parliament Hill (2.3 km), further enhancing its appeal to existing and prospective tenants. (id:63626)
Listed by: Florian Nagelschmitz, Salesperson, CAPITAL COMMERCIAL INVESTMENT CORP.

Home facts and features

Price details
List Price
$1,799,000
Get Pre-Approved
Gross Taxes for 2025
$14,382
Home facts
Bedrooms
0
Full Bathrooms
Property Type
Multifamily
Depth
103 feet
Frontage
46.0 feet
Heating Type
Hot water radiator heat, Natural gas
Community
Agent details
Primary Agent
Primary Broker
CAPITAL COMMERCIAL INVESTMENT CORP.
Listing details
Days on REW
1 Day
MLS® Number
X14176316
Source
Canadian Real Estate Association
Board
Ottawa Real Estate Board
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25 Years
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3.99%

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Property Insights

First Avenue Public School
  • Public
  • JK - 6
Corpus Christi Catholic Elementary School
  • Catholic
  • JK - 6
Mutchmor Public School
  • Public
  • JK - 6
Glashan Public School
  • Public
  • 7 - 8
Glebe Collegiate Institute
  • Public
  • 9 - 12
Immaculata School
  • Catholic
  • K - 12
Lady Evelyn Alternative School
  • Public
  • JK - 6
Elgin Street Public School
  • Public
  • JK - 6
Hopewell Avenue Public School
  • Public
  • JK - 8
Cambridge Street Community Public School
  • Public
  • JK - 6
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Call Agent
Salesperson
Florian Nagelschmitz
Phone:
(613) 818-8667
Office:
613-518-2006
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