84 Fourth Avenue
Glebe - Ottawa East and Area, ON
- 6 bed
- 4 bath
- approx. 2500-3000 sqft
- Triplex
- 172 days on market
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
- Taxes (2025)
- $12,264
- Originally Listed
- $1,790,000
- Listed
- March 30, 2026
Price History
Property
- Style
- 3-Storey
- Construction
- Brick
- Roof
- Asphalt Shingle
- Foundation
- Stone
- Interior
- Carpet Free
- Lot Size
- 49.94 x 102.91 Feet
Parking
- Garage
- Detached
- Covered Spaces
- 2
- Total Parking
- 4
Utilities
- Sewer
- Sewer
- Heat Source
- Gas
Location & Legal
- Cross Street
- Fourth and Bank
- Parcel Number
- 041380294
- Possession
- Flexible
- Occupancy
- Tenant
Included
- Inclusions
- 4 fridge, 4 stove, 2 dishwasher, 2 washer, 1 dryer
- Exclusions
- Tenant belongings
Schools
Elementary
- Corpus Christi Catholic Elementary School0.3 km
Catholic · Ottawa CSB · 225 students
Grade 3 reading: 91% met the provincial standard · Grade 6 math: 46% met the provincial standard
- Mutchmor Public School0.4 km
Public · Ottawa-Carleton DSB · 425 students
Grade 3 reading: 89% met the provincial standard · Grade 6 math: 77% met the provincial standard
- First Avenue Public School0.4 km
Public · Ottawa-Carleton DSB · 175 students
Grade 3 reading: 100% met the provincial standard · Grade 6 math: 67% met the provincial standard
Secondary
- Glebe Collegiate Institute0.8 km
Public · Ottawa-Carleton DSB · 1315 students
Grade 10 literacy: 93% met the provincial standard
- Immaculata High School1 km
Catholic · Ottawa CSB · 855 students
Grade 10 literacy: 87% met the provincial standard
- Richard Pfaff Secondary Alternate Site1.5 km
Public · Ottawa-Carleton DSB · 225 students
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
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
Residential Freehold in Glebe - Ottawa East and Area · last 12 months
- Median sold price
- $1,047,500
- Homes sold
- 260
- Median days on market
- 15
- Sale-to-list price
- 99.2%
Based on 260 recorded sales of residential freehold properties in Glebe - Ottawa East and Area over the last 12 months.
Listed by
SLEEPWELL REALTY GROUP LTD
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Mortgage Calculator
$330,000
Estimated Monthly Payment
$8,106
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $8,106/mo (20% down, 5.5%)
Taxes: $1,022/mo · Insurance: $413/mo
Estimates only. Consult a financial advisor.
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