For sale

I don't have enough recent comparable sales to call this one's price, but price reduced $140k. Here's everything I've got on it — ask me anything.

Ottawa · Glebe

84 Fourth Avenue

Triplex

MLS® #X12937508

Listed for$1,650,000$1,790,000Price reduced from $1,790,000162 days on market

5+1 bed 4 bath 4 parking 2500-3000 sq ft~$600/sq ft

Price reduced $140K
162 days on market
Transit stop ~235.6 km

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Est. all-in monthly~$8,699/momortgage + property tax + maintenance · 20% down · example rate (compounded semi-annually) — the math on the list price, not a quote or what you can afford. For real rates, Alex can connect you with a mortgage pro.

On the map

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This home below comps above in lineOpen full map →

0 schools within ~1 km · nearest transit stop ~235.56 km

Property information

What house buyers ask first

Lot size: 49.94 × 102.91 ft
Square footage: 2500-3000 sq ft
Property tax: $12,264 / yr
Parking: 4 spaces · Detached
Basement: Full

Property summary

Property type: Triplex
Style: 3-Storey
Lot size: 49.94 × 102.91 ft
Parking: 4 spaces · Detached
Heating: Radiant
Air conditioning: None
Basement: Full
Kitchens: 3
Exterior: Brick
Property tax: $12,264 / yr
MLS®: X12937508

As stated by the MLS®, nothing inferred.

Nearby homes for sale

Below-comps first · all nearby homes shown, not just the good-value ones.

Condo Townhouse

$599,000

Above recent sales

103 Third Avenue, Unit A

— bed · 1 bath·1000-1199 sq ft·1 parking·$470/mo fee

Ottawa

Listed 6 days ago · Engel & Volkers Ottawa

Semi-Detached

$1,398,000

Above recent sales

296 Riverdale Avenue

3 bed · 3 bath·2000-2500 sq ft·2 parking

Ottawa

Listed 6 days ago · First Choice Realty Ontario Ltd.

Multiplex

$1,395,000

120 Strathcona Avenue

6 bed · 5 bath·3000-3500 sq ft·5 parking

Ottawa

Listed 6 days ago · RE/MAX Absolute Walker Realty

Detached

$1,900,000

195 Glebe Avenue

6 bed · 3 bath·3000-3500 sq ft·2 parking

Ottawa

Listed 6 days ago · RE/MAX Hallmark Realty Group

The numbers that matter

Property tax: $12,264/yr
Est. all-in: ~$8,699/mo

Nearby rental listings are facts. Whether it works as a rental is a chat with Alex — not a number I’ll put on it.

Schools

We list nearby schools as factual locations only. For this home, check the authoritative tools directly:

Browse schools near this home Nearby elementary & secondary schools, mapped Check provincial results — EQAO Official Ontario assessment results, searchable by school

Getting around

Public transit near this home, by straight-line distance. Factual locations from OpenStreetMap — not walking time, and not a rating.

Trent UniversityNearest transit · Bus stop~235.6 km

Locations: OpenStreetMap public-transit stops, © OpenStreetMap contributors · Open Database Licence (ODbL). Stop locations from OpenStreetMap — confirm current routes and service with the transit agency.

Community — Ottawa

$620KMedian sold

32Median days on market

98.2%Sale-to-list

Median sold price · Ottawa1-yr -1% · 3-yr 0%

Source: TRREB sold data via Repliers · all property types

Neighbourhood demographics — Ottawa

1,017,449Population (2021)

40Median age

$102,000Median household income

63.9%Home owners

36.1%Renters

2.5Avg household size

Source: Statistics Canada, 2021 Census

Description & details

Turnkey 4-unit income property in the heart of the Glebe generating $96,724 in gross annual income with a strong NOI of $73,705, offering an exceptional opportunity for investors seeking stable cash flow and long-term upside in one of Ottawa's most sought-after rental markets. This well-maintained building features three legal units plus a fourth non-conforming basement suite, which includes a proper egress window providing a secondary means of escape. Current rents are highly attractive with Unit 1 (main floor 2 bed + den) at $2,700/month, Unit 2 (second level 2 bed + den) at $2,500/month, Unit 3 (third level 1 bed) at $1,891/month, and Unit 4 (basement 1 bed) at $969/month. Each of the upper three units enjoys private outdoor space, including an oversized patio for the main floor unit, significantly enhancing tenant appeal and retention. The property also offers shared laundry facilities and rare on-site parking for four vehicles-a premium feature in the Glebe-including a detached garage with two spaces and two additional surface spots. Beyond the numbers, the building stands out with its character, charm, and architectural presence, blending classic design with functional layouts that consistently attract high-quality tenants. Located in a prime, walkable neighbourhood with strong rental demand, this is an asset where vacancy is virtually nonexistent and tenant quality remains consistently high.

The data only goes so far — condition, light and layout are worth seeing in person, with a home inspection, before you commit.

Listed by SLEEPWELL REALTY GROUP LTD. Showings via AskEmma by Alex Goodman, Sales Representative, RE/MAX Your Community Realty, Brokerage.