55 Glendale Avenue Ottawa, Ontario K1S 1W3
$1,750,000
**Exceptional Investment Opportunity in the Glebe!** Take advantage of this solid building designed as a fourplex, featuring two spacious 2-bedroom units, two generous 4-bedroom units, and an additional 1-bedroom unit. Located at the vibrant northeast corner of Percy and Glendale, this highly sought-after area is currently generating over $100,000 in revenue, with great potential for growth! The building offers open parking for four cars, and the large apartments are easy to rent. You’ll love the prime Centertown location, steps from shopping and dining, and a short drive to Parliament Hill and downtown. The O-TRAIN is just 25 minutes away, with nearby parks like Central Park, Glebe Memorial Park, and McNabb Park enhancing the urban lifestyle. The recent fire retrofit in 2020 adds peace of mind, and the fourplex + 1( non-compliant) unit can be financed at favourable residential interest rates. This is a rare chance—don’t miss out on this outstanding investment! (id:50886)
Property Details
| MLS® Number | 1420214 |
| Property Type | Multi-family |
| Neigbourhood | Glebe |
| AmenitiesNearBy | Public Transit, Recreation Nearby, Shopping |
| ParkingSpaceTotal | 4 |
Building
| BasementDevelopment | Partially Finished |
| BasementType | Full (partially Finished) |
| ConstructedDate | 1950 |
| ConstructionStyleAttachment | Attached |
| CoolingType | None |
| ExteriorFinish | Brick |
| FlooringType | Hardwood, Laminate, Tile |
| HeatingFuel | Electric |
| HeatingType | Forced Air |
| StoriesTotal | 2 |
| Type | Fourplex |
| UtilityWater | Municipal Water |
Parking
| Surfaced | |
| See Remarks |
Land
| Acreage | No |
| CurrentUse | Development Residential |
| LandAmenities | Public Transit, Recreation Nearby, Shopping |
| Sewer | Municipal Sewage System |
| SizeDepth | 100 Ft |
| SizeFrontage | 33 Ft |
| SizeIrregular | 33.01 Ft X 100 Ft |
| SizeTotalText | 33.01 Ft X 100 Ft |
| ZoningDescription | Residential |
Utilities
| Fully serviced | Available |
https://www.realtor.ca/real-estate/27646239/55-glendale-avenue-ottawa-glebe
Interested?
Contact us for more information
Andrea Gil
Salesperson
3101 Strandherd Drive, Suite 4
Ottawa, Ontario K2G 4R9
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November 13 2024 06:12:17
Ottawa Real Estate Board
Royal LePage Team Realty