84 Fourth Avenue, Glebe - Ottawa East and Area
For sale · $1,650,000
6 beds · 4 baths · Triplex · 2500-3000 sq ft
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.
Listing details
- MLS® number: X12937508
- Listed on March 30, 2026
- 20 photos
Listing brokerage: SLEEPWELL REALTY GROUP LTD
See every photo, drive times from your places, the neighbourhood and nearby schools in the Dibz app. Sold prices and listing history are for signed-in members.
MLS® listing data by PropTx under licence from TRREB, deemed reliable but not guaranteed accurate by PropTx. Operated by HighPoint Homes Realty, Brokerage.