634 Gladstone Ave, Ottawa, ON

House

For Sale

Listed price in listed location currency (CAD).

$978,000

551

MLS® X13216242

Overview

Key Facts

Type Multi Family

Levels Residential

Size -

Garage None

Taxes $8,406

Days Active 5

Lot Size

Approx. Age

MLS® Number X13216242

Property Address: 634 Gladstone Ave, Ottawa, ON, K1R5P4

Average square foot calculated using Size range provided by listing agent.

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.

MLS® NumberX13216242

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

GarageNone

Approx. Age

BasementFinished

DrivewayGarage Type:None

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Map

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