84 Fourth Avenue, 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. (id:1945)
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Property details for 84 Fourth Avenue, Ottawa
- Type
- Multi-family
- Bedrooms
- 6
- Bathrooms
- 4
- Lot Size
- 49.9 x 102.9 FT
- Stories
- 3
- Basement
- Full
- Parking
- Detached Garage, Garage, Covered
- Heating
- Radiant heat, Natural gas
- Cooling
- None
- Exterior
- Brick
- Annual Taxes
- $12,264 (2025)
Nearby Listings Stat
Estimated price and comparable properties near 84 Fourth Avenue
Active Listings
7
Min Price
$1,100,000
Max Price
$1,650,000
Avg Price
$1,376,257
Days on Market
47
days
Sold Listings
2
Min Sold Price
$1,489,900
Max Sold Price
$1,879,000
Avg Sold Price
$1,684,450
Days until Sold
52
days
Neighbourhood Census Data
Ottawa, Ontario
Population
683
Median Age
38.9
Median Income
$66,633
Dwelling Value
$602,049
Housing Tenure
Owners 60%
Renters 41%
Age Distribution
Dwelling Types
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 1.9
Pop. Density: 2,128.4/km²
Avg Shelter Cost: $2,089/mo
Owners with Mortgage: 65.9%
Owners Spending 30%+: 30%
Tenants Spending 30%+: 44.4%
English only: 48.9%
French only: 0.7%
English and French: 49.6%
Neither: 0.7%
Median Household Income: $101,803
Median Employment Income: $63,360
Price History
Listed
March 31, 2026
by SLEEPWELL REALTY GROUP LTD
Current Price
$1,650,000
-2.7% from last change
Type
Multi-family
For Sale
Price Changes
2
| Date | Price | Change |
|---|---|---|
| Current | $1,650,000 | $45,000 (-2.7%) |
| Aug 14, 2026 | $1,695,000 | $95,000 (-5.3%) |
| May 28, 2026 | $1,790,000 | Listed |
