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About this Property
A rare opportunity in the heart of the Glebe. This 2.5 storey property offers the kind of flexibility and investment potential that rarely comes to market in one of Ottawa's most sought-after neighbourhoods. Featuring five self-contained apartments, each with its own living space, the property provides multiple income streams while offering the long-term appeal of owning in the heart of the Glebe. The build has the potential $77,500 net revenue or a 5.56% cap rate. The unit mix includes a two-bedroom apartment, and four one bedroom apartments, and there are five bathrooms in total. A dedicated basement locker/storage area adds valuable space for tenants or the owner, while ample parking is an especially attractive feature in this location. Whether you're looking to expand an existing portfolio, establish a foothold in the Glebe, or take advantage of the property's income-producing configuration, this is an opportunity worth a closer look. The location, layout and flexibility create a compelling combination that is increasingly difficult to find. Five apartments. Ample parking. Basement storage. A prime Glebe location. And plenty of potential.
Listed by RE/MAX ABSOLUTE WALKER REALTY · MLS# X13739076
About The Glebe
The Glebe is one of Ottawa's most iconic and sought-after neighbourhoods, a tree-lined urban community where heritage architecture, independent shopping, and the Rideau Canal converge to create one of the finest residential experiences in the National Capital Region. Stretching south from the Queensway to Lansdowne Park and bounded by the canal to the east and Bronson Avenue to the west, The Glebe has maintained its character and prestige through decades of careful community stewardship.
Features & Details
Property details of 120 Strathcona Avenue, Ottawa, ON
Location
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Akash Sharma
REALTOR® · Ali Realty Group Inc.
Ottawa's trusted real estate partner with 170+ successful transactions and $30M+ in sales.
$1,395,000
120 Strathcona Avenue, Ottawa, ON