$1,790,000
FOR SALE

Triplex 3-Storey

Bedrooms: 6Bathrooms: 4Lot: 49.94 x 102.91 ft
2025 Taxes: $12,263.76

84 Fourth Ave
Glebe - Ottawa East And Area, ON K1S 2L2 | 4402 - Glebe | Ottawa

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.
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Carpet Free
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Listed By SLEEPWELL REALTY GROUP LTD
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X12937508
Last Updated Apr 23, 2026
Property Summary
Property Type Triplex

More like this:
PIN 041380294
Legal Description LOT 33, PL 35085, S/S FOURTH AVE; OTTAWA/NEPEAN
Possession Date TBD
Taxes (2025) $12,263.76
Directions/Cross Streets Fourth and Bank
Neighbourhood 4402 - Glebe
Area Ottawa
Price History

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Detailed Information
Fronting On South
Special Designations Unknown
Bedrooms 6
Bathrooms 4
Lot 49.94 x 102.91 ft
Exterior Brick
Air Conditioning None
Basement Full
Garage Type Detached
Garage/Park Spaces Y
Parking Spaces 2
Heat Source Gas
Heat Type Radiant
Sewers Sewer

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