101 STRATHCONA AVENUE new Save Request In-Person Tour Request Virtual Tour
Ottawa,ON K1S1X5
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,000 sqft
Price per Sqft $566
Subdivision 4402 - Glebe
MLS Listing ID X12452627
Bedrooms 10
Source Ottawa Real Estate Board
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 (id:24570)
Location
Province ON
Rooms
Kitchen 4.0
Extra Room 1 Second level 3.835 m X 3.081 m Bedroom
Extra Room 2 Second level Measurements not available Bathroom
Extra Room 3 Second level 4.738 m X 3.804 m Living room
Extra Room 4 Second level 2.968 m X 2.782 m Kitchen
Extra Room 5 Second level 3.874 m X 3.607 m Bedroom
Extra Room 6 Second level 3.856 m X 2.963 m Bedroom
Interior
Heating Hot water radiator heat
Cooling Window air conditioner
Exterior
Parking Features Yes
View Y/N No
Total Parking Spaces 4
Private Pool No
Building
Story 3
Sewer Sanitary sewer