101 Strathcona Avenue Ottawa, Ontario K1S 1X5

$1,699,900

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:43934)

Property Details

MLS® Number	X12452627
Property Type	Multi-family
Neigbourhood	The Glebe
Community Name	4402 - Glebe
Amenities Near By	Public Transit
Parking Space Total	4
Structure	Porch

Building

Bathroom Total	4
Bedrooms Above Ground	8
Bedrooms Below Ground	2
Bedrooms Total	10
Age	100+ Years
Appliances	Water Heater, All, Dryer, Stove, Washer, Refrigerator
Basement Features	Apartment In Basement
Basement Type	N/a
Cooling Type	Window Air Conditioner
Exterior Finish	Brick
Foundation Type	Stone
Heating Fuel	Natural Gas
Heating Type	Hot Water Radiator Heat
Stories Total	3
Size Interior	3,000 - 3,500 Ft2
Type	Fourplex
Utility Water	Municipal Water

Parking

Detached Garage
Garage

Land

Acreage	No
Land Amenities	Public Transit
Sewer	Sanitary Sewer
Size Depth	96 Ft ,2 In
Size Frontage	47 Ft ,6 In
Size Irregular	47.5 X 96.2 Ft
Size Total Text	47.5 X 96.2 Ft

Rooms

Level	Type	Length	Width	Dimensions
Second Level	Bedroom	3.835 m	3.081 m	3.835 m x 3.081 m
Second Level	Bathroom			Measurements not available
Second Level	Living Room	4.738 m	3.804 m	4.738 m x 3.804 m
Second Level	Kitchen	2.968 m	2.782 m	2.968 m x 2.782 m
Second Level	Bedroom	3.874 m	3.607 m	3.874 m x 3.607 m
Second Level	Bedroom	3.856 m	2.963 m	3.856 m x 2.963 m
Third Level	Great Room	6.134 m	3.656 m	6.134 m x 3.656 m
Third Level	Kitchen	2.645 m	2.537 m	2.645 m x 2.537 m
Third Level	Bedroom	3.305 m	3.007 m	3.305 m x 3.007 m
Third Level	Bedroom	2.99 m	2.652 m	2.99 m x 2.652 m
Third Level	Bathroom			Measurements not available
Basement	Living Room	4.399 m	3.452 m	4.399 m x 3.452 m
Basement	Dining Room	3.322 m	2.552 m	3.322 m x 2.552 m
Basement	Kitchen	2.669 m	2.155 m	2.669 m x 2.155 m
Basement	Bathroom			Measurements not available
Basement	Bedroom	3.763 m	3.388 m	3.763 m x 3.388 m
Basement	Bedroom	3.769 m	2.703 m	3.769 m x 2.703 m
Main Level	Living Room	5.8 m	3.862 m	5.8 m x 3.862 m
Main Level	Kitchen	3.351 m	2.709 m	3.351 m x 2.709 m
Main Level	Bathroom			Measurements not available
Main Level	Bedroom	3.246 m	3.132 m	3.246 m x 3.132 m
Main Level	Bedroom	3.859 m	2.964 m	3.859 m x 2.964 m
Main Level	Bedroom	2.847 m	2.633 m	2.847 m x 2.633 m

https://www.realtor.ca/real-estate/28967742/101-strathcona-avenue-ottawa-4402-glebe