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Maria Tompson
Sales Representative
Your Company Name, Brokerage
Independently owned and operated.
sales@bestforagents.com

 

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$978,000
Available - For Sale
Listing ID: X13216242
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.
Price $978,000
Taxes: $8,405.81
Occupancy by: Tenant
Address: 634 GLADSTONE Avenue , Ottawa Centre, K1R 5P4, Ottawa
Lot Size: 7.31 x 99.09 (Feet)
Directions/Cross Streets: Gladstone Avenue east of Bronson Avenue.
Rooms: 11
Rooms +: 4
Bedrooms: 5
Bedrooms +: 0
Washrooms: 5
Family Room: F
Basement: Finished
No. of Pieces Level
Washroom 1:  4 Basement
Washroom 2:  4 Main
Washroom 3:  4 Second
Washroom 4:  4 Third
Washroom 5:  0
Washroom 6:  4 Basement
Washroom 7:  4 Main
Washroom 8:  4 Second
Washroom 9:  4 Third
Washroom 10:  0
Property Type: Multiplex
Style: 2 1/2 Storey
Exterior: Brick
Garage Type: None
Drive Parking Spaces: 1
Pool: None
Approximatly Square Footage: 2000-2500
CAC Included: N
Water Included: N
Cabel TV Included: N
Common Elements Included: N
Heat Included: N
Parking Included: N
Condo Tax Included: N
Building Insurance Included: N
Fireplace/Stove: N
Heat Type: Forced Air
Central Air Conditioning: None
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Sewers: Sewer
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Asking Price: $ Heating: $ /Year  
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ROYAL LEPAGE INTEGRITY REALTY

634 GLADSTONE Avenue , Ottawa Centre, K1R 5P4, Ottawa

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Maria Tompson
Sales Representative
Dir:
416-548-7854
Bus:
416-548-7854
Fax:
416-981-7184

 
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At a Glance:
Type: Freehold - Multiplex
Area: Ottawa
Municipality: Ottawa Centre
Neighbourhood: 4103 - Ottawa Centre
Style: 2 1/2 Storey
Lot Size: 7.31 x 99.09(Feet)
Approximate Age:
Tax: $8,405.81
Maintenance Fee: $0
Beds: 5
Baths: 5
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Maria Tompson Sales Representative Your Company Name, Brokerage Independently owned and operated. pic Cell: 416-548-7854 | Office: 416-548-7854 Personal Pic
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