Listed by Sleepwell Realty Group Ltd.

84 Fourth Avenue is a Triplex, 3-Storey and is currently for Sale @ $1,790,000. Taxes in 2025 were $12,263.76.

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Turnkey 4-unit income property in the heart of the Glebe generating $96,724 in gross annual income with a strong NOI of $73,705, offering an exceptional opportunity for investors seeking stable cash flow and long-term upside in one of Ottawa's most sought-after rental markets. The 3-Storey on 84 Fourth Avenue has 5 bedrooms, 4 bathrooms, and is located on a 102.91 x 49.94 ft lot in the community of Glebe . This well-maintained building features three legal units plus a fourth non-conforming basement suite, which includes a proper egress window providing a secondary means of escape. Current rents are highly attractive with Unit 1 (main floor 2 bed + den) at $2,700/month, Unit 2 (second level 2 bed + den) at $2,500/month, Unit 3 (third level 1 bed) at $1,891/month, and Unit 4 (basement 1 bed) at $969/month. Each of the upper three units enjoys private outdoor space, including an oversized patio for the main floor unit, significantly enhancing tenant appeal and retention. The property also offers shared laundry facilities and rare on-site parking for four vehicles-a premium feature in the Glebe-including a detached garage with two spaces and two additional surface spots. Beyond the numbers, the building stands out with its character, charm, and architectural presence, blending classic design with functional layouts that consistently attract high-quality tenants. Located in a prime, walkable neighbourhood with strong rental demand, this is an asset where vacancy is virtually nonexistent and tenant quality remains consistently high.

4 fridge, 4 stove, 2 dishwasher, 2 washer, 1 dryer

The address 84 Fourth Avenue was listed for sale (MLS# X12937508) on Monday, March 30, 2026.