163 First Avenue, Glebe - Ottawa East and Area, ON K1S 2G3
4402 - Glebe, Glebe - Ottawa East and Area · Near Bank St & First Ave · View map
About this home
Rare six-unit multifamily investment opportunity in the heart of the Glebe, one of Ottawa's most desirable and amenity-rich urban neighbourhoods. This well-maintained purpose-built apartment building offers a highly sought-after unit mix comprising four two-bedroom suites and two one-bedroom suites, catering to a stable tenant profile that includes working professionals and couples. Building systems include hot water radiator heating, six dedicated storage lockers, recently roughed-in common laundry facilities which can accommodate one washer and one dryer, and other notable capital improvements including a flat roof replacement completed in 2019, with an additional roof section replaced in 2025. The property benefits from N4B [1474] H(11) zoning, providing investors with long-term positioning in a neighbourhood characterized by strong rental demand, limited housing supply, and exceptional walkability. Residents enjoy immediate access to a wide range of everyday conveniences, all within walking distance, including Metro Glebe, Shoppers Drug Mart, Starbucks, RBC Royal Bank, Capital Home Hardware, and Canada Post. The property also benefits from proximity to some of Ottawa's most prominent destinations, including TD Place Stadium (1.4 km) and Parliament Hill (2.3 km), further enhancing its appeal to existing and prospective tenants.
The home
- Type
- Investment
- Square footage
- 4738 sq ft
- Lot size
- 46 x 103 ft
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
Heating & cooling
- Heating type
- Gas Hot Water
Garage & parking
- Total parking
- None
Taxes & other
- Property taxes
- $14,382/yr
- Tax year
- 2026
- Occupancy
- Tenant
- Possession
- Immediate
- Cross street
- Bank St & First Ave
- Neighbourhood
- 4402 - Glebe
More
- MLS® number
- X14176316
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No features listed yet.
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
163 First Avenue, Glebe - Ottawa East and Area, ON K1S 2G3
4402 - Glebe, Glebe - Ottawa East and Area · Near Bank St & First Ave
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Listing history for 163 First Avenue
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 163 First Avenue
Answers come straight from this home’s MLS® listing.
How much is 163 First Avenue listed for, and what would it cost each month?
163 First Avenue is listed for $1,799,000. With 20% down ($359,800), the mortgage payment would be roughly $7,257 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $8,455 a month, all in. That figure is an illustration, not a quote.
Is 163 First Avenue freehold or a condo, and is there a monthly fee?
163 First Avenue is a investment in 4402 - Glebe, Glebe - Ottawa East and Area. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
Does 163 First Avenue have a garage and parking?
The listing does not show a garage. The listing does not include a parking space.
What style of home is 163 First Avenue?
163 First Avenue is an investment. Commercial property covers retail, office, industrial and investment buildings and businesses for sale or lease.
How big is 163 First Avenue, and what is the lot size?
The lot is listed as 46 x 103 ft.
How is 163 First Avenue heated and cooled?
Heating is gas hot water. The listing does not show air conditioning.
What are the property taxes for 163 First Avenue?
Property taxes are $14,382 a year (2026), or about $1,199 a month.
Where is 163 First Avenue?
163 First Avenue is in the 4402 - Glebe community of Glebe - Ottawa East and Area. The nearest main intersection is Bank St & First Ave. The postal code is K1S 2G3.
Is 163 First Avenue still for sale?
Yes. It is an active listing (MLS® X14176316). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 163 First Avenue asking?
Similar properties for sale nearby right now include 72 Pretoria Avenue at $1,985,000, 54 Centennial Boulevard at $1,850,000 and 1240 BANK Street at $1,475,000. These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 163 First Avenue sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 163 First Avenue?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar properties nearby
More properties for sale near 4402 - Glebe, picked by style, size and price.
Investment$1,985,00072 Pretoria Avenue, Glebe - Ottawa East and Area4402 - GlebeCourtesy of: RE/MAX HALLMARK REALTY GROUPView home →
Investment$1,850,00054 Centennial Boulevard, Glebe - Ottawa East and Area4405 - Ottawa EastCourtesy of: SLEEPWELL REALTY GROUP LTDView home →
Commercial retail$1,475,0001240 BANK Street, Glebe - Ottawa East and Area2 bath · 4403 - Old Ottawa SouthCourtesy of: RE/MAX HALLMARK REALTY GROUPView home →Courtesy of: CAPITAL COMMERCIAL INVESTMENT CORP.
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.