Outstanding opportunity in the Glebe, halfway between the Rideau Canal and Bank Streets shops, cafés, and transit. This legal 4-unit solid BRICK building combines classic charm with smart, income-generating potential in one of Ottawa's most desirable neighbourhoods. Featuring two 2-bedroom units and two 3-bedroom units (with dishwashers!), each suite is bright, spacious, and well-maintained, ideal for professional tenants. The property offers multiple balconies, a two-car garage, and a coin-operated laundry for added convenience and income. Recent system updates ensure efficiency and peace of mind, while original character elements -- very high ceilings, transom windows, hardwood floors, wonderful original trim, updated antique light fixtures, and large windows -- enhance the property's timeless appeal. With a projected cap rate above 5.1%, this building represents a rare combination of stability, location, and upside potential. Investors will appreciate the solid rental history and strong tenant demand, while those seeking an owner-occupied option will find the generous main-floor or upper units ideal for personal use with income support from the remaining apartments.The property sits mid-block on Strathcona Avenue, just steps to the Canal pathways, Lansdowne Park, parks, schools, and all the amenities of Bank and Elgin streets. A truly turnkey investment or flexible live-in opportunity offering the perfect balance of lifestyle and long-term value in the heart of the Glebe. Updated systems. Long term owner. Close to everything. Two outdoor plus two garage parking spaces. Private drive. Amazing opportunity! Gross Income: $111,900/year. Expenses 2024: $24,887 (id:56483)
| MLS® Number | X12452627 |
| Property Type | Multi-family |
| Community Name | 4402 - Glebe |
| Amenities Near By | Public Transit |
| Parking Space Total | 4 |
| Structure | Porch |
| Bathroom Total | 4 |
| Bedrooms Above Ground | 8 |
| Bedrooms Below Ground | 2 |
| Bedrooms Total | 10 |
| Age | 100+ Years |
| Appliances | Water Heater, All, Dryer, Stove, Washer, Refrigerator |
| Basement Features | Apartment In Basement |
| Basement Type | N/a |
| Cooling Type | Window Air Conditioner |
| Exterior Finish | Brick |
| Foundation Type | Stone |
| Heating Fuel | Natural Gas |
| Heating Type | Hot Water Radiator Heat |
| Stories Total | 3 |
| Size Interior | 3000 - 3500 Sqft |
| Type | Fourplex |
| Utility Water | Municipal Water |
| Detached Garage | |
| Garage |
| Acreage | No |
| Land Amenities | Public Transit |
| Sewer | Sanitary Sewer |
| Size Depth | 96 Ft ,2 In |
| Size Frontage | 47 Ft ,6 In |
| Size Irregular | 47.5 X 96.2 Ft |
| Size Total Text | 47.5 X 96.2 Ft |
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Bedroom | 3.835 m | 3.081 m | 3.835 m x 3.081 m |
| Second Level | Bathroom | Measurements not available | ||
| Second Level | Living Room | 4.738 m | 3.804 m | 4.738 m x 3.804 m |
| Second Level | Kitchen | 2.968 m | 2.782 m | 2.968 m x 2.782 m |
| Second Level | Bedroom | 3.874 m | 3.607 m | 3.874 m x 3.607 m |
| Second Level | Bedroom | 3.856 m | 2.963 m | 3.856 m x 2.963 m |
| Third Level | Great Room | 6.134 m | 3.656 m | 6.134 m x 3.656 m |
| Third Level | Kitchen | 2.645 m | 2.537 m | 2.645 m x 2.537 m |
| Third Level | Bedroom | 3.305 m | 3.007 m | 3.305 m x 3.007 m |
| Third Level | Bedroom | 2.99 m | 2.652 m | 2.99 m x 2.652 m |
| Third Level | Bathroom | Measurements not available | ||
| Basement | Living Room | 4.399 m | 3.452 m | 4.399 m x 3.452 m |
| Basement | Dining Room | 3.322 m | 2.552 m | 3.322 m x 2.552 m |
| Basement | Kitchen | 2.669 m | 2.155 m | 2.669 m x 2.155 m |
| Basement | Bathroom | Measurements not available | ||
| Basement | Bedroom | 3.763 m | 3.388 m | 3.763 m x 3.388 m |
| Basement | Bedroom | 3.769 m | 2.703 m | 3.769 m x 2.703 m |
| Main Level | Living Room | 5.8 m | 3.862 m | 5.8 m x 3.862 m |
| Main Level | Kitchen | 3.351 m | 2.709 m | 3.351 m x 2.709 m |
| Main Level | Bathroom | Measurements not available | ||
| Main Level | Bedroom | 3.246 m | 3.132 m | 3.246 m x 3.132 m |
| Main Level | Bedroom | 3.859 m | 2.964 m | 3.859 m x 2.964 m |
| Main Level | Bedroom | 2.847 m | 2.633 m | 2.847 m x 2.633 m |
https://www.realtor.ca/real-estate/28967742/101-strathcona-avenue-ottawa-4402-glebe
Contact us for more information
Dan Moloughney
Broker of Record
(613) 233-2323
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