4403 - Old Ottawa South Homes with Investment Subtype

4403 - Old Ottawa South Homes with Investment Subtype

**Discover the Charm of Old Ottawa South: A Hidden Gem in Glebe**

Nestled in the heart of Glebe, Old Ottawa South is a vibrant neighborhood that beautifully marries historic charm with modern conveniences. Known for its tree-lined streets and a strong sense of community, this area offers an idyllic setting for families, young professionals, and retirees alike. With its rich history dating back to the late 19th century, you can’t help but feel the warmth and character emanating from the beautifully preserved homes that dot the landscape.

Old Ottawa South is not just about picturesque streets; it also boasts an array of amenities that cater to every lifestyle. Residents enjoy access to stunning parks, including the expansive Brewer Park, perfect for picnics, sports, and leisurely strolls. The neighborhood is also home to a variety of local shops, cafes, and restaurants, fostering a sense of community and supporting local businesses. For those who appreciate culture, the nearby Carleton University and the vibrant arts scene in Glebe offer endless opportunities for exploration.

Investors will find Old Ottawa South particularly appealing, as the area is renowned for its strong rental market. The diverse range of homes, from charming bungalows to contemporary townhouses, presents a unique opportunity for investment. With its proximity to downtown Ottawa and excellent public transportation options, this neighborhood is poised for continued growth, making it an ideal choice for savvy investors looking to capitalize on the thriving real estate market.

Experience the allure of Old Ottawa South, where community spirit meets investment potential. Your dream home or next investment opportunity awaits!

Newest 4403 - Old Ottawa South Homes with Investment Subtype

$3,150,000
X13200254 MLS
46 Carlyle Avenue presents the opportunity to acquire a well maintained, income producing seven unit multi-family asset comprised of six four-bedroom units and one two-bedroom unit in one of Ottawa's most established and supply constrained rental corridors. The property's large format unit mix is ideally suited to the surrounding student and shared housing market, supporting strong rental demand, durable occupancy, and stable income generation. Located steps from Carleton University and surrounded by the Glebe, Old Ottawa South, and Bank Street amenities, the asset benefits from a deep and reliable tenant base driven by education, employment, transit connectivity, and urban lifestyle appeal. Residents enjoy immediate access to retail amenities, restaurants, parks, the Rideau River pathway network, public transit, and downtown Ottawa. Supported by stable in place cash flow and future rental growth potential, 46 Carlyle Avenue offers investors a compelling combination of dependable income, proven rental demand, and long term value creation within Ottawa's resilient apartment market. Gross Income: $244,869. Operating Costs: $79,216.

46 Carlyle Avenue, Glebe - Ottawa East And Area
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