Welcome to this remarkable ["2 1/2 Storey"] multiplex located in the coveted neighborhood of 4103 - Ottawa Centre. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $978,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
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. The lot comes with two parking spaces: one is designated for tenant use, and the other is a legal easement reserved for the neighboring property.
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Data-driven valuation for 634 GLADSTONE Avenue, Ottawa Centre, ON K1R 5P4
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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