26 Aylmer Avenue
Glebe - Ottawa East and Area, ON
4,782 sqft • Investment • 87 days on market
A rare multi unit gem in one of Ottawa's Most Coveted Neighborhoods. Welcome to a premier, fully tenanted investment opportunity in Old Ottawa South. Perfectly positioned on an expansive 30' x 161' lot, this property offers the ultimate combination of immediate cash flow and future development potential. The property boasts a major 3,000 sq. ft. addition completed in 2017, bringing the total to four self-contained, high-yielding apartments (one 3 bed, two 2 beds, and one 1 bed). Every unit benefits from the convenience of private, in unit laundry, a massive draw for top tier tenants. The original front unit has been tastefully modernized with gleaming hardwood floors, granite countertops, contemporary cabinetry, and a renovated bath. Mechanically, this building is a dream for hands off investors. It features updated roofing (2017), a 2017 sump pump, and independent climate controls. Utilities are efficiently split across 3 hydro meters, 3 gas meters, and 1 water meter. Currently generating a strong $11,349.31 in gross monthly rental income with a 6.3% cap rate, this property is rock-solid. Best of all? The City of Ottawa has indicated potential for a 5 plex conversion, giving you a clear path to instantly boost your equity and revenue whenever you're ready. Building is legal as it stands. Current total gross monthly rental income is $11,349.31. Annual gross income: $131,055.00. Annual expenses: $24,288.30. Annual net income: $106,766.70. Motivated vendor. PROPERTY SOLD AS IS WHERE IS.
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Listing Details
- Taxes (2025)
- $15,949
- Listed
- May 27, 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
- 255
- Median days on market
- 15
- Sale-to-list price
- 99.1%
Based on 255 recorded sales of commercial properties in Glebe - Ottawa East and Area over the last 12 months.
Listed by
ROYAL LEPAGE PERFORMANCE REALTY
Location
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