26 Aylmer Avenue
Glebe - Ottawa East and Area, ON
4,782 sqft • Investment • 183 days on market
Incredible investment opportunity in the heart of Old Ottawa South! This fully tenanted multi-unit property sits on an expansive 30' x 161' lot and features a newer 3,000 sq. ft. addition, creating four self-contained apartments in total.The building includes one spacious 3-bedroom unit, two well-appointed 2-bedroom units, and one 1-bedroom unit. The original front unit has been tastefully updated with hardwood floors, granite countertops, modern cabinetry, and a renovated bathroom. It also features its own furnace (2020), A/C (2017), and rented hot water tank. The 2017 addition was thoughtfully constructed with two furnaces and two central A/C units. Additional improvements include roof (2017) and sump pump (2017). The property is serviced by 3 hydro meters, 3 gas meters, and 1 water meter. All units offer the convenience of in-unit laundry. Currently generating $11,349.31 in gross monthly rental income with a 6.3% cap rate. The property is legal as it stands, and the City of Ottawa has suggested potential for a 5-plex configuration, offering future upside for increased income.
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Listing Details
- Taxes (2025)
- $15,949
- Listed
- February 23, 2026
Price History
Listing history
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Property
- Lot Size
- 30.36 x 161.96 Feet
Location & Legal
- Cross Street
- Bank St/Aylmer Ave
- Zoning
- R3
- Parcel Number
- 631260521
- Possession
- Flexible
Commercial
- Occupancy
- Tenant
Included
- Inclusions
- 2 Stoves, 4 Fridges, 3 Dishwashers, 4 Washers, 4 Dryers
- Exclusions
- Tenants' belongings
- Rental Items
- Hot Water Tanks
Community
Postal area K1S
- Population
- 31,257
- Private dwellings
- 15,662
- Median age
- 39.2
- Average household size
- 2.1
- Median household income
- $106,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Commercial in Glebe - Ottawa East and Area · last 12 months
- Median sold price
- $1,025,000
- Homes sold
- 251
- Median days on market
- 15
- Sale-to-list price
- 99.1%
Based on 251 recorded sales of commercial properties in Glebe - Ottawa East and Area over the last 12 months.
Listed by
ROYAL LEPAGE PERFORMANCE REALTY
Location
Commercial figures
- Building area
- 4,782 sq ft
- Price per sq ft
- $355.29
- Annual property tax
- $15,949
- Tax per sq ft
- $3.34
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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