634 GLADSTONE AVENUE, Ottawa, Ontario, K1R 5P4

MLS® # X13216242

Investment For Sale In Centretown, Ottawa, Ontario

$978,000

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Digitally enhanced - 634 Gladstone Avenue, Ottawa, ON - Outdoor With Facade

634 Gladstone Avenue, Ottawa, ON - Outdoor With Facade

634 Gladstone Avenue, Ottawa, ON - With Exterior

Two units on main floor - 634 Gladstone Avenue, Ottawa, ON - Indoor Photo Showing Other Room

Unit 1 (main floor) bedroom - 634 Gladstone Avenue, Ottawa, ON - Indoor Photo Showing Bedroom

Unit 1 (main floor) Kit - 634 Gladstone Avenue, Ottawa, ON - Indoor Photo Showing Kitchen

Unit 1 (main floor) kitchen + desk - 634 Gladstone Avenue, Ottawa, ON - Indoor Photo Showing Kitchen

Unit 1 (main floor) bathroom - 634 Gladstone Avenue, Ottawa, ON - Indoor Photo Showing Bathroom

Unit 2 (main floor) bedroom - 634 Gladstone Avenue, Ottawa, ON - Indoor

Unit 2 (main floor) bathroom - 634 Gladstone Avenue, Ottawa, ON - Indoor Photo Showing Bathroom

Unit 2 (main floor) kitchen + storage room - 634 Gladstone Avenue, Ottawa, ON - Indoor

Stairs up to second floor - 634 Gladstone Avenue, Ottawa, ON - Indoor Photo Showing Other Room

Unit 5 (second floor) largest unit in the building - 634 Gladstone Avenue, Ottawa, ON - Indoor

Unit 5 (second floor) living room - 634 Gladstone Avenue, Ottawa, ON - Indoor Photo Showing Living Room

Unit 5 (second floor) kitchen - 634 Gladstone Avenue, Ottawa, ON - Indoor Photo Showing Kitchen

Unit 5 (second floor) sun room by the kitchen - 634 Gladstone Avenue, Ottawa, ON - Indoor

Unit 5 (second floor) bedroom #1 - 634 Gladstone Avenue, Ottawa, ON - Indoor Photo Showing Bedroom

Unit 5 (second floor) bedroom #2 - 634 Gladstone Avenue, Ottawa, ON - Indoor

Unit 5 (second floor) bathroom - 634 Gladstone Avenue, Ottawa, ON - Indoor Photo Showing Bathroom

Unit 4 (third floor) stairway - 634 Gladstone Avenue, Ottawa, ON - Indoor

Unit 4 (third floor) living room - 634 Gladstone Avenue, Ottawa, ON - Indoor Photo Showing Other Room

Unit 4 (third floor) kitchen - 634 Gladstone Avenue, Ottawa, ON - Indoor Photo Showing Kitchen

Unit 4 (third floor) kitchen - 634 Gladstone Avenue, Ottawa, ON -

Unit 4 (third floor) bedroo - 634 Gladstone Avenue, Ottawa, ON - Indoor Photo Showing Bedroom

Unit 4 (third floor) bedroom - 634 Gladstone Avenue, Ottawa, ON - Indoor Photo Showing Bedroom

Unit 4 (third floor) bathroom - 634 Gladstone Avenue, Ottawa, ON - Indoor Photo Showing Bathroom

Stairs to the basement - 634 Gladstone Avenue, Ottawa, ON - Indoor Photo Showing Other Room

Unit #3 (basement) entry way - 634 Gladstone Avenue, Ottawa, ON - Indoor Photo Showing Laundry Room

Unit #3 (basement) entry way - 634 Gladstone Avenue, Ottawa, ON - Indoor

Unit #3 (basement) bedroom - 634 Gladstone Avenue, Ottawa, ON - Indoor Photo Showing Bedroom

Unit #3 (basement) bedroom - 634 Gladstone Avenue, Ottawa, ON - Indoor Photo Showing Other Room

Unit #3 (basement) kitchen - 634 Gladstone Avenue, Ottawa, ON - Indoor

Unit #3 (basement) kitchen + desk - 634 Gladstone Avenue, Ottawa, ON - Indoor Photo Showing Other Room

Unit #3 (basement) bathroom - 634 Gladstone Avenue, Ottawa, ON - Indoor Photo Showing Bathroom

Shared driveway - 634 Gladstone Avenue, Ottawa, ON - Outdoor With Exterior

634 Gladstone Avenue, Ottawa, ON - Outdoor

Shared parking for multilpe buildings - 634 Gladstone Avenue, Ottawa, ON - Outdoor

634 Gladstone Avenue, Ottawa, ON - Outdoor With View

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634 GLADSTONE AVENUE, Ottawa, Ontario, K1R 5P4

$978,000

Property Information:

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. (id:27)

Building Features:

Style: Multiplex
Building Type: Other
Basement Development: Finished
Basement Type: N/A
Exterior Finish: Brick
Floor Space: 2000 - 2500 sqft
Foundation Type: Stone
Heating Type: Forced air
Heating Fuel: Natural gas
Cooling Type: None
Appliances: Stove, Refrigerator

Property Features:

Property Type: Multi-family
Floor Space (approx): 2000 - 2500 Square Feet
Irregular: Yes
Lot Depth: 99.1 Feet
Lot Frontage: 24 Feet
Lot Size: 24 x 99.1 FT
Zoning: TM14H(14.5)
Sewer: Sanitary sewer
Parking Type: No Garage
No. of Parking Spaces: 2

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