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$ 1,699,900
Est. payment /mo
New
101 Strathcona AVE Glebe - Ottawa East And Area, ON K1S 1X5
10 Beds
4 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3000-3500
Subdivision 4402 - Glebe
MLS Listing ID X12452627
Style 3-Storey
Bedrooms 10
Annual Tax Amount $11,105
Tax Year 2025
Property Sub-Type Fourplex
Property Description
Outstanding opportunity in the Glebe, halfway between the Rideau Canal and Bank Streets shops, cafés, and transit. This legal 4-unit solid BRICK building combines classic charm with smart, income-generating potential in one of Ottawa's most desirable neighbourhoods. Featuring two 2-bedroom units and two 3-bedroom units (with dishwashers!), each suite is bright, spacious, and well-maintained, ideal for professional tenants. The property offers multiple balconies, a two-car garage, and a coin-operated laundry for added convenience and income. Recent system updates ensure efficiency and peace of mind, while original character elements -- very high ceilings, transom windows, hardwood floors, wonderful original trim, updated antique light fixtures, and large windows -- enhance the property's timeless appeal. With a projected cap rate above 5.1%, this building represents a rare combination of stability, location, and upside potential. Investors will appreciate the solid rental history and strong tenant demand, while those seeking an owner-occupied option will find the generous main-floor or upper units ideal for personal use with income support from the remaining apartments.The property sits mid-block on Strathcona Avenue, just steps to the Canal pathways, Lansdowne Park, parks, schools, and all the amenities of Bank and Elgin streets. A truly turnkey investment or flexible live-in opportunity offering the perfect balance of lifestyle and long-term value in the heart of the Glebe. Updated systems. Long term owner. Close to everything. Two outdoor plus two garage parking spaces. Private drive. Amazing opportunity! Gross Income: $111,900/year. Expenses 2024: $24,887
Location
State ON
County Ottawa
Community 4402 - Glebe
Area Ottawa
Rooms
Family Room No
Basement Apartment
Kitchen 4
Separate Den/Office 2
Interior
Interior Features Water Heater Owned
Cooling Window Unit(s)
Fireplace No
Heat Source Gas
Exterior
Exterior Feature Porch
Parking Features Private Double
Garage Spaces 2.0
Pool None
Waterfront Description None
Roof Type Asphalt Shingle,Membrane
Lot Frontage 47.5
Lot Depth 96.17
Total Parking Spaces 4
Building
Building Age 100+
Unit Features Public Transit
Foundation Stone
Listed by OTTAWA URBAN REALTY INC.
