$1,699,000
FOR SALE

Multiplex 3-Storey

Bedrooms: 8Bathrooms: 6Lot: 30.36 x 161.96 ft
2025 Taxes: $15,949

26 Aylmer Ave
Glebe - Ottawa East And Area, ON K1S 2W9 | 4403 - Old Ottawa South | Ottawa

A rare multi unit gem in one of Ottawa's Most Coveted Neighborhoods. Welcome to a premier, fully tenanted investment opportunity in Old Ottawa South. Perfectly positioned on an expansive 30' x 161' lot, this property offers the ultimate combination of immediate cash flow and future development potential. The property boasts a major 3,000 sq. ft. addition completed in 2017, bringing the total to four self-contained, high-yielding apartments (one 3 bed, two 2 beds, and one 1 bed). Every unit benefits from the convenience of private, in unit laundry, a massive draw for top tier tenants. The original front unit has been tastefully modernized with gleaming hardwood floors, granite countertops, contemporary cabinetry, and a renovated bath. Mechanically, this building is a dream for hands off investors. It features updated roofing (2017), a 2017 sump pump, and independent climate controls. Utilities are efficiently split across 3 hydro meters, 3 gas meters, and 1 water meter. Currently generating a strong $11,349.31 in gross monthly rental income with a 6.3% cap rate, this property is rock-solid. Best of all? The City of Ottawa has indicated potential for a 5 plex conversion, giving you a clear path to instantly boost your equity and revenue whenever you're ready. Building is legal as it stands. Current total gross monthly rental income is $11,349.31. Annual gross income: $131,055.00. Annual expenses: $24,288.30. Annual net income: $106,766.70. Motivated vendor. PROPERTY SOLD AS IS WHERE IS.
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Listed By ROYAL LEPAGE PERFORMANCE REALTY
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X13199062
Last Updated May 29, 2026
Property Summary
Property Type Multiplex

More like this:
PIN 631260521
Legal Description PART OF LOTS 1 AND 3 PLAN 36, W/S GALT STREET, BEING PARTS 1 AND 2 ON PLAN 4R-26025. SUBJECT TO AN EASEMENT OVER PART 2 ON PLAN 4R-26025 IN FAVOUR OF PART OF LOTS 1 AND 3 PLAN 36, W/S GALT STREET, BEING PARTS 3 AND 4 ON PLAN 4R-26025 AS IN OC1378932 TOGETHER WITH AN EASEMENT OVER PART OF LOTS 1 AND 3 PLAN 36, W/S GALT STREET, BEING PART 3 ON PLAN 4R-26025 AS IN OC1378932 CITY OF OTTAWA
Possession Date TBA
Taxes (2025) $15,949
Directions/Cross Streets Bank St/Aylmer Ave
Neighbourhood 4403 - Old Ottawa South
Area Ottawa
Price History

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Detailed Information
Fronting On South
Special Designations Unknown
Bedrooms 8
Bathrooms 6
Lot 30.36 x 161.96 ft
Exterior Brick
Air Conditioning Central Air
Family Room Y
Basement Finished
Garage Type None
Parking Spaces 2
Heat Source Gas
Heat Type Forced Air
Sewers Sewer

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