4402 - Glebe Homes with Triplex Subtype

4402 - Glebe Homes with Triplex Subtype

Welcome to Glebe, a vibrant and charming neighborhood nestled in the heart of Ottawa, Ontario. Known for its rich history, eclectic culture, and a strong sense of community, Glebe offers an appealing mix of urban convenience and suburban tranquility. Just a stone's throw away from the picturesque Rideau Canal, residents can enjoy leisurely strolls, cycling, and seasonal activities such as skating in the winter months.

The Glebe is renowned for its tree-lined streets, historic architecture, and a variety of local shops, cafes, and restaurants that cater to every palate. From artisanal bakeries to cozy coffee shops and boutique stores, the neighborhood is a hub for those who appreciate the finer things in life. Families will find excellent schools and parks, making it an ideal location for raising children while enjoying a close-knit community feel.

For those considering a home in this delightful area, triplex properties are a popular choice. These versatile homes not only provide ample living space but also offer fantastic investment potential. Whether you're looking to occupy one unit while renting the others or seeking a full investment property, triplexes in Glebe are a smart option. With a blend of modern updates and classic charm, these homes often feature spacious layouts, private outdoor areas, and proximity to all the amenities that make Glebe so desirable.

In summary, the Glebe neighborhood is a picturesque enclave that beautifully combines history, community, and convenience. With triplex homes available, it’s the perfect time to explore the possibilities of living in this extraordinary area of Ottawa. Come discover the charm of Glebe—your new home awaits!

Newest 4402 - Glebe Homes with Triplex Subtype

$1,695,000
6 Beds 4 Baths X12937508 MLS
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.

84 Fourth Avenue, Glebe - Ottawa East And Area

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