- Bedrooms
- 5+1
- Bathrooms
- 4
- Size
- 2,500–3,000sq ft
- Per sq ft
- $600at the range’s middle
- Lot
- 49.94 x 102.91 ft
- Tax a year
- $12,2642025 tax year
- Parking
- 42 detached
- Days on market
- Members
The brief
About 84 Fourth Ave
84 Fourth Ave is a 5+1-bedroom, 4-bathroom triplex in Glebe, Ottawa, listed for sale at an asking price of $1,650,000 (MLS® X12937508).
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.
Insights
Condition Score
Good73/1001 documented update signal
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Shortfall15/100−$3,850/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 13 homes with 6 bedrooms for lease in Ottawa right now. Cost of owning counts the mortgage and property tax.
Condition uses listing-record signals, not an inspection.
The home
Key facts
- Tax
- $12,264 / 2025
- MLS® number
- X12937508
- Board
- TRREB MLS®
- Property Type
- Triplex
- Days on market
- Size
- 2500-3000 sqft
- Lot Size
- 49.94 x 102.91 ft
- Listed on
- Parking
- 2 Detached, 4 Parking
Property details
Property
- Property Type
- Triplex
- Style
- 3-Storey
- Community
- Glebe
- Municipality
- Ottawa
Building
- Size
- 2500-3000 sqft
- Construction
- Brick
Inside
- Bedrooms
- 5+1
- Bathrooms
- 4
- Bathroom Details
- 1 × 4pc Main, 1 × 4pc 2nd, 1 × 4pc 3rd, 1 × 3pc Bsmt
- Basement Type
- Full
- Kitchens
- 3
Parking
- Driveway
- Private, Reserved/Assigned, Covered
- Garage Type
- Detached
- Garage
- 2
- Additional Parking
- 2
- Total Parking
- 4
Utilities
- Water
- Municipal
- Cooling
- None
- Heating Type
- Radiant
Land
- Sewer
- Sewers
- Frontage
- 49.94 ft
- Depth
- 102.91 ft
- Lot Size
- 49.94 x 102.91 ft
Additional
- Foundation
- Stone
- Roof
- Asphalt Shingle
- Fireplace
- No
- Pool
- None
- Den
- No
- Family room
- No
- Extras
- 4 fridge, 4 stove, 2 dishwasher, 2 washer, 1 dryer
Rooms
Room details unavailable
The listing source did not provide room-level measurements or features.
Listing history
Buy/sell history for 84 Fourth Ave, Ottawa, Ontario
Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| Date StartN/A | N/A | $1,650,000 | N/A | Ext | X12937508 |
Members see the full history. Prices are hidden from signed-out visitors.
The numbers
Mortgage Calculator
Plan with the current asking price
CMHC insurance: not required at 20% down. Payments use Canadian semi-annual compounding.
Mortgage Details
4.8% · 5-year term · 25-year amortization · 20% down
- Total down payment
- $330,000
- Total mortgage amount
- $1,320,000
- Total interest payment
- $938,400
- Total purchase cost
- $2,588,400
- Mortgage payment
- $7,528/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
61%Monthly carrying cost
$8,550- Rent $4,700
- Shortfall $3,850
Rental income opens at $4,700, the median asking rent of 13 comparable homes for lease in Ottawa. Type over it with the rent you expect. This is a planning tool, not advice.
Land transfer tax on this home
- Ontario land transfer tax
- $29,475
- Total land transfer tax
- $29,475
- First-time buyer rebates (Ontario up to $4,000)
- −$4,000
- Total for first-time buyers
- $25,475
See how this is worked out
- 0.5% on the first $55,000
- $275
- 1.0% from $55,000 to $250,000
- $1,950
- 1.5% from $250,000 to $400,000
- $2,250
- 2.0% from $400,000 to $1,650,000
- $25,000
- Ontario total
- $29,475
An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.
Estimate
Estimated value requires sign in
Market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.
The estimate is an automated value built from public and MLS® data. It is not an appraisal; ask Kassaundra Dobson, Broker of Record for a full comparative market analysis.
Comparable sales
Comparable sales require sign in
Closing prices and sold comps are available to registered visitors who accept MLS® VOW terms on this site.
The land
Lot
- Lot area
- 5,139 sq ft477 m²
- Street frontage
- 49.94 ft15.2 m
- Depth
- 102.91 ft31.4 m
The area is the frontage multiplied by the depth, so boundaries are approximate. Confirm with a survey before you buy.
Source: the MLS® listing record, measured by MPAC.
Land and environment
Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.
Water and conservation4
- Not in Rideau Valley Conservation Authority’s mapped regulated areaAt the address
- Not in the municipality’s mapped flood areaAt the address
- No mapped wetland within 120 m120 m
- No water-supply well recorded within 250 m15 test or monitoring holes also recorded.250 m
Rideau Valley Conservation Authority · Municipal flood mapping · Province of Ontario open data
Planning and building activity2
- Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areasAt the address
- Nearest airport: 6.8 km6.8 km
Province of Ontario open data
Around the home2
- Transit stop within 400 mFrom the transit agency’s published stop map; the nearest is 120 m away. Routes and stops change; check the agency’s schedule.400 m
- A trail on the Ontario trail network within 1 km1 km
Municipal transit open data · Province of Ontario open data
Environmental records4
- No licensed pit or quarry within 2 km2 km
- No recorded oil, gas or salt well within 250 m250 m
- No facility within 1 km reports pollutant releases to Environment CanadaThe nearest is TransAlta Cogeneration L.P. — Ottawa Health Sciences Centre (OHSC) Cogeneration Facility, 2.6 km away. Only facilities above the inventory’s reporting thresholds are listed.1 km
- 2 federal contaminated sites within 1 kmAll of them are closed. The federal inventory covers federal land only, not provincial or private sites.1 km
Province of Ontario open data · Government of Canada open data
Power and internet3
- Electricity is distributed here by Hydro Ottawa LimitedAt the address
- Wired internet 50/10 Mbps or faster is listed at a household 60 m awayFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (60 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.60 m
- Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Bell, Rogers. Cable: Rogers. DSL: Bell. Fixed wireless: Netsolid, OmniTEC Wireless, Rogers, Storm Internet, Xplore. Mobile: Bell, Rogers, Telus, Vidéotron. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.Area-wide
Ontario Energy Board · Innovation, Science and Economic Development Canada
Each record is placed at the distance its own line states. None of it is an inspection of the property. Confirm anything that matters to you with the municipality, Rideau Valley Conservation Authorityor the record’s publisher.
Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – City of Ottawa. Contains information licensed under the Open Government Licence – Ontario.
The market
Market area · filters apply to the charts below
The street
Map and tour
Transit nearby
| Station | Lines | Distance |
|---|---|---|
| Riverside | OC Transpo bus rapid transit: Transitway | 1.5 km |
| Smyth | OC Transpo bus rapid transit: Transitway | 1.6 km |
| Pleasant Park | OC Transpo bus rapid transit: Transitway | 1.7 km |
| Lycée Claudel | OC Transpo bus rapid transit: Transitway | 1.8 km |
| Dow's Lake | OC Transpo light rail: O-Train Line 2 | 1.8 km |
The nearest subway, light rail, train, bus rapid transit stations 5 km, as the crow flies. Source: OC Transpo schedule data (GTFS) from the City of Ottawa under the Open Government Licence – City of Ottawa, downloaded October 18, 2026. Contains information licensed under the Open Government Licence – City of Ottawa.
Schools nearby
| Elementary | Type | Distance | EQAO average 2024–25 |
|---|---|---|---|
| Corpus Christi Catholic Elementary SchoolOttawa Catholic School Board | Catholic · grades JK–6 · French Immersion | 350 m | 74%Grade 6 average |
| Mutchmor Public SchoolOttawa-Carleton DSB | Public · grades JK–6 · French Immersion | 350 m | 92%Grade 6 average |
| First Avenue Public SchoolOttawa-Carleton DSB | Public · grades JK–6 · French Immersion | 400 m | 87%Grade 6 average |
| École élémentaire catholique Coeur d'OttawaConseil des écoles catholiques du Centre-Est | French-language Catholic · grades JK–8 | 1.1 km | 100%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| Glebe Collegiate InstituteOttawa-Carleton DSB | Public · grades 9–12 · French Immersion | 800 m | 74%Grade 9 math |
| Immaculata High SchoolOttawa Catholic School Board | Catholic · grades 9–12 · French Immersion | 1 km | 55%Grade 9 math |
| Richard Pfaff Secondary Alternate SiteOttawa-Carleton DSB | Public · grades 9–12 · French Immersion | 1.5 km | — |
| École secondaire catholique Saint-Jean-BaptisteConseil des écoles catholiques du Centre-Est | French-language Catholic · grades 9–12 | 2.1 km | — |
EQAO: share of students at or above the provincial standard, 2024–25 (Ontario open data). These are the schools nearest this home, not the schools it is assigned to: boundaries change, and some schools take students by application. Confirm with the board before you buy. Contains information licensed under the Open Government Licence – Ontario.
The verdict
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