LOADING

55 Glendale Avenue Ottawa, Ontario K1S 1W3

None Forced Air

$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:35885)

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

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