$978,000
634 GLADSTONE Avenue, Ottawa Centre, ON K1R 5P4
5 beds5 baths2 parking 2000-2500 ft²
Key facts
- MLS®
- X13216242
- Status
- New
- Type
- Multiplex
- Taxes
- $8,406
- Size
- 2000-2500 ft²
- Parking
- 2 total
- Listed
- 2026-05-29
- Brokerage
- ROYAL LEPAGE INTEGRITY REALTY
- Cross street
- Gladstone Avenue east of Bronson Avenue.
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.
IDX listing data provided by AMPRE / TRREB. Information is believed reliable but not guaranteed.