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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. 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.
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