4402 - Glebe Homes with Investment Subtype

4402 - Glebe Homes with Investment Subtype

Welcome to Glebe, a charming neighborhood nestled in the heart of Ottawa, Ontario. Known for its vibrant community spirit and rich cultural heritage, Glebe offers a unique blend of historic charm and modern convenience. This picturesque area is characterized by tree-lined streets, stunning heritage homes, and a lively atmosphere that attracts families, young professionals, and retirees alike.

Glebe is renowned for its eclectic mix of shops, cafes, and restaurants, making it a culinary hotspot in Ottawa. The famous Bank Street runs through the neighborhood, offering a variety of boutiques and eateries that cater to every taste. Residents enjoy easy access to beautiful parks, including the expansive Glebe Memorial Park, where families can gather for picnics and outdoor activities. The Rideau Canal, a UNESCO World Heritage Site, is just a stone's throw away, providing opportunities for boating in the summer and ice skating in the winter.

For those considering a property investment, Glebe is an excellent choice. The neighborhood's real estate market is robust, with a variety of homes available, from charming century-old houses to modern condos. The investment subtype here is particularly appealing, as the area is consistently in demand due to its desirable location and community amenities. With a strong rental market fueled by students and professionals, purchasing a home in Glebe not only offers a wonderful place to live but also a smart investment opportunity.

Whether you are looking to settle down or expand your investment portfolio, Glebe is a neighborhood that promises both charm and potential. Come explore all that this vibrant community has to offer!

Newest 4402 - Glebe Homes with Investment Subtype

$3,200,000
11 Baths X13086832 MLS
Exceptional opportunity to acquire a trophy 8-unit multifamily asset in the heart of The Glebe, one of Ottawa's most coveted and supply-constrained urban neighbourhoods. This unrivaled location, steps to Lansdowne Park, Bank Street amenities, and major employment hubs, offers outstanding walkability and enduring rental appeal, supporting historically low vacancy and highly dependable income. Positioned minutes to downtown offices and between Ottawa's two largest universities, the property benefits from strong, consistent demand from both professionals and students. The building is FULLY LEASED and features an attractive unit mix of three 3-bedroom + 1.5-bath units, four 1-bedroom units, and one 2-bedroom unit, along with three on-site parking spaces. Each unit is separately metered with its own electrical panel, providing operational efficiency and tenant independence. The property has been professionally managed and well maintained, benefiting from thoughtful value-add upgrades, including updated kitchens and bathrooms with quartz countertops, stainless steel appliances, tiled backsplashes, and glass shower surrounds. Four units offer in-unit laundry and air conditioning. Major capital improvements include a new main boiler (2015), updated windows and exterior doors (2019), and upgraded electrical wiring and panels within each unit. In addition to stable in-place income, the asset offers over $30,000 in projected annual rental upside through continued unit turnover and optimization. A RARE, well-maintained core-plus investment in a high-barrier-to-entry location with strong fundamentals and long-term growth potential.

72 Fifth Avenue, Glebe - Ottawa East And Area

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