$978,000
FOR SALE

Multiplex 2 1/2 Storey

Bedrooms: 5Bathrooms: 5Lot: 23.95 x 99.09 ft
2025 Taxes: $8,405.81

634 GLADSTONE Ave
Ottawa Centre, ON K1R 5P4 | 4103 - Ottawa Centre | Ottawa

This exceptional parkside property offers a rare blend of urban character, immediate cash flow, and premium location. Operating as a fiveplex with a non-conforming fifth basement suite (property taxes from the city come for five units), the building features a highly rentable layout anchored by a large two bedroom unit with a spacious living area, and a mix of different sized one bedroom apartments. Location is an incredible selling point here, sitting directly in front of a vibrant park and community recreation centre, being one of the greenest areas in downtown environment, just a short walk to the best of Chinatown, Little Italy, and the Glebe. The investment delivers total peace of mind with approximately $64,020 in yearly rent income, fully occupied by respectful young professionals. This property has been meticulously maintained with high-value updates already completed, including a new roof and eavestroughs in November 2023, an updated main electrical panel in 2015, and a steady history of interior refreshes to the flooring, washrooms, and appliances. This is a turnkey addition to any portfolio, offering massive long term value and clear rental upside based on its irreplaceable setting and solid condition.
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Listed By ROYAL LEPAGE INTEGRITY REALTY
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X13216242
Last Updated May 29, 2026
Property Summary
Property Type Multiplex

More like this:
PIN 041210344
Legal Description PT LT 41, PL 30 , PART 1, 2 & 21 , 5R7121 , S/S OF GLADSTONE AV ; S/T & T/W NS190948; S/T NS190935,NS190936 OTTAWA/NEPEAN
Possession Date Flexible
Taxes (2025) $8,405.81
Directions/Cross Streets Gladstone Avenue east of Bronson Avenue.
Neighbourhood 4103 - Ottawa Centre
Area Ottawa
Price History

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Detailed Information
Fronting On South
Special Designations Unknown
Bedrooms 5
Bathrooms 5
Lot 23.95 x 99.09 ft
Exterior Brick Front
Air Conditioning None
Basement Finished
Garage Type None
Parking Spaces 1
Heat Source Gas
Heat Type Forced Air
Sewers Sewer

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