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$ 978,000
Est. payment /mo
New
634 GLADSTONE AVE Ottawa Centre, ON K1R 5P4
5 Beds
5 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2000-2500
Subdivision 4103 - Ottawa Centre
MLS Listing ID X13216242
Style 2 1/2 Storey
Bedrooms 5
Annual Tax Amount $8,405
Tax Year 2025
Property Sub-Type Multiplex
Property Description
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.
Location
State ON
County Ottawa
Area Ottawa
Rooms
Family Room No
Basement Finished
Kitchen 5
Interior
Interior Features Other
Cooling None
Fireplace No
Heat Source Gas
Exterior
Pool None
Roof Type Shingles
Lot Frontage 23.95
Lot Depth 99.09
Total Parking Spaces 2
Building
Foundation Stone
Others
ParcelsYN No
Virtual Tour https://my.matterport.com/show/?m=rDT5nhZBF51&mls=1
Listed by ROYAL LEPAGE INTEGRITY REALTY