84 Fourth Avenue, Glebe - Ottawa East and Area, ON K1S 2L2
4402 - Glebe, Glebe - Ottawa East and Area · Near Fourth and Bank · View map
About this home
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. 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.
The home
- Type
- Triplex
- Style
- 3-Storey
- Square footage
- 2500-3000 sq ft
- Bedrooms
- 5
- Basement bedrooms
- 1
- Bathrooms
- 4
- Kitchens
- 4
- Rooms
- 17
- Basement
- Full
- Lot size
- 49.9 x 102.9 ft
- Faces
- South
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Exterior
- Brick
Heating & cooling
- Heating fuel
- Gas
- Heating type
- Radiant
- Fireplace
- No
Garage & parking
- Garage
- Detached
- Garage spaces
- 2
- Driveway spaces
- 2
- Total parking
- 4
- Parking features
- Private, Reserved/Assigned, Covered
Taxes & other
- Property taxes
- $12,264/yr
- Tax year
- 2025
- Occupancy
- Tenant
- Possession
- TBD
- Cross street
- Fourth and Bank
- Neighbourhood
- 4402 - Glebe
More
- Price per sq ft
- ~$600 (at 2,750 sq ft)
- MLS® number
- X12937508
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The home and its surroundings
- Carpet Free
- 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.
84 Fourth Avenue, Glebe - Ottawa East and Area, ON K1S 2L2
4402 - Glebe, Glebe - Ottawa East and Area · Near Fourth and Bank
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Listing history for 84 Fourth 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 84 Fourth Avenue
Answers come straight from this home’s MLS® listing.
How much is 84 Fourth Avenue listed for, and what would it cost each month?
84 Fourth Avenue is listed for $1,650,000. With 20% down ($330,000), the mortgage payment would be roughly $6,656 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $7,678 a month, all in. That figure is an illustration, not a quote.
Is 84 Fourth Avenue freehold or a condo, and is there a monthly fee?
84 Fourth Avenue is a triplex 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.
How many bedrooms and bathrooms does 84 Fourth Avenue have?
84 Fourth Avenue has 5 bedrooms, plus 1 more bedroom in the basement, and 4 bathrooms. The listing gives the style as 3-storey.
Does 84 Fourth Avenue have a garage and parking?
Yes. The listing shows the garage as detached, with room for 2 cars. The driveway adds 2 spaces. In total the listing counts 4 parking spaces.
Does 84 Fourth Avenue have a finished basement?
The listing describes the basement as full. It counts 1 bedroom on that level.
What style of home is 84 Fourth Avenue?
84 Fourth Avenue is a triplex. A multiplex holds two or more separate units under one roof, often bought to live in one unit and rent the others.
How big is 84 Fourth Avenue, and what is the lot size?
The listing puts the home between 2,500 and 3,000 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement. The lot is listed as 49.9 x 102.9 ft.
How is 84 Fourth Avenue heated and cooled?
Heating is radiant (gas). The listing does not show air conditioning.
What are the property taxes for 84 Fourth Avenue?
Property taxes are $12,264 a year (2025), or about $1,022 a month.
Where is 84 Fourth Avenue?
84 Fourth Avenue is in the 4402 - Glebe community of Glebe - Ottawa East and Area. The nearest main intersection is Fourth and Bank. The postal code is K1S 2L2.
Is 84 Fourth Avenue still for sale?
Yes. It is an active listing (MLS® X12937508). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 84 Fourth Avenue asking?
Similar properties for sale nearby right now include 86 Fourth Avenue at $1,180,000 (4 bed), 120 Strathcona Avenue at $1,395,000 (6 bed) and 72 Pretoria Avenue at $1,985,000 (8+3 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 84 Fourth 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 84 Fourth 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.
Duplex$1,180,00086 Fourth Avenue, Glebe - Ottawa East and Area4 bed · 4 bath · 4402 - GlebeCourtesy of: SLEEPWELL REALTY GROUP LTDView home →
Multiplex$1,395,000120 Strathcona Avenue, Glebe - Ottawa East and Area6 bed · 5 bath · 4402 - GlebeCourtesy of: RE/MAX ABSOLUTE WALKER REALTYView home →
Multiplex$1,985,00072 Pretoria Avenue, Glebe - Ottawa East and Area8+3 bed · 6 bath · 4402 - GlebeCourtesy of: RE/MAX HALLMARK REALTY GROUPView home →Courtesy of: SLEEPWELL REALTY GROUP LTD
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.