For Sale: 84 Fourth Avenue, Ottawa, ON - REW
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$1,695,000
6 bd • 4 ba • 2500 - 2999 sf • Multifamily
84 Fourth Avenue
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$1,695,000
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84 Fourth AvenueOttawa, ON, K1S 2L2

Glebe - Dows Lake
  • 6 Bed
  • 4 Bath
  • 2500 - 2999 Sqft
  • Multifamily

About this home

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:63626)
Listed by: Adam Pearce, Salesperson, SLEEPWELL REALTY GROUP LTD

Home facts and features

Price details
List Price
$1,695,000
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Gross Taxes for 2025
$12,264
Home facts
Bedrooms
6
Full Bathrooms
4
Parking Spaces
4
Parking Details
Garage, Covered, Detached Garage
Property Type
Multifamily
Depth
102.9 feet
Frontage
49.1 feet
Exterior Finish
Brick
Heating Type
Radiant heat, Natural gas
Basement Details
Full
Features
Carpet Free
Appliances
Dishwasher, Dryer, Refrigerator, Stove, Two Washers
Community
Agent details
Primary Agent
Adam Pearce
Primary Broker
SLEEPWELL REALTY GROUP LTD
Secondary Agent
Angie Pearce
Secondary Broker
SLEEPWELL REALTY GROUP LTD
Listing details
Days on REW
65 Days
Property Views
37
MLS® Number
X12937508
Source
Canadian Real Estate Association
Board
Ottawa Real Estate Board
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Property Insights

Mutchmor Public School
  • Public
  • JK - 6
Corpus Christi Catholic Elementary School
  • Catholic
  • JK - 6
First Avenue Public School
  • Public
  • JK - 6
Glebe Collegiate Institute
  • Public
  • 9 - 12
Glashan Public School
  • Public
  • 7 - 8
Hopewell Avenue Public School
  • Public
  • JK - 8
Immaculata School
  • Catholic
  • K - 12
Lady Evelyn Alternative School
  • Public
  • JK - 6
Elgin Street Public School
  • Public
  • JK - 6
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
Adam Pearce
Phone:
(613) 899-3008
Office:
613-521-2000
Salesperson
Angie Pearce
Phone:
(613) 979-2831
Office:
613-521-2000
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