$ 978,000
-
$978,000
Price -
5
Bed -
5
Bath -
2,000
SqFt
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About the Listing 493500 -
This exceptional parkside property offers a rare blend of urban character, immediate cash flow, and premium location. Operating as a fiveplex with a non-conforming fifth basement suite (property taxes from the city come for five units), the building features a highly rentable layout anchored by a large two bedroom unit with a spacious living area, and a mix of different sized one bedroom apartments. Location is an incredible selling point here, sitting directly in front of a vibrant park and community recreation centre, being one of the greenest areas in downtown environment, just a short walk to the best of Chinatown, Little Italy, and the Glebe. The investment delivers total peace of mind with approximately $64,020 in yearly rent income, fully occupied by respectful young professionals. This property has been meticulously maintained with high-value updates already completed, including a new roof and eavestroughs in November 2023, an updated main electrical panel in 2015, and a steady history of interior refreshes to the flooring, washrooms, and appliances. This is a turnkey addition to any portfolio, offering massive long term value and clear rental upside based on its irreplaceable setting and solid condition. The lot comes with two parking spaces: one is designated for tenant use, and the other is a legal easement reserved for the neighboring property.
Listing Highlights
Status
Active
Days on Site
2
Property Type
Multi-Family
MLS ®
X13216242
Year Built
Total Square Footage
2,000
Lot/Acreage
N/A
Interior Details
- Bedrooms: 5
- Bathrooms: 5 Full
- Appliances:
- Air Cond:
- Heating: Gas
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Finished
- Other: 5 Kitchens
- Water:
Exterior Details
- Garage Capacity: N/A
- Roof: Shingles
- Others:
- Sewer: Sewer
- Parking Features: No Garage
Financial Details
- Tax Amount: $8,406
- Taxes w/Assessments: N/A
- Tax/Property ID: 041210344
- Tax Year: 2025
Payment Calculator
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Questions About..
634 Gladstone Ave Ottawa Centre, ON K1R 5P4
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