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634 GLADSTONE AVENUE

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634 GLADSTONE AVENUE, 4103 - Ottawa Centre, Ottawa

Price
$978,000
Bedrooms
5
Bathrooms
5
Size
Type
Other
Year built

Listing courtesy of ROYAL LEPAGE INTEGRITY REALTY

About this home

This exceptional parkside property offers a rare blend of urban character, immediate cash flow, and premium location. Operating as a fiveplex with a non-conforming fifth basement suite (property taxes from the city come for five units), the building features a highly rentable layout anchored by a large two bedroom unit with a spacious living area, and a mix of different sized one bedroom apartments. Location is an incredible selling point here, sitting directly in front of a vibrant park and community recreation centre, being one of the greenest areas in downtown environment, just a short walk to the best of Chinatown, Little Italy, and the Glebe. The investment delivers total peace of mind with approximately $64,020 in yearly rent income, fully occupied by respectful young professionals. This property has been meticulously maintained with high-value updates already completed, including a new roof and eavestroughs in November 2023, an updated main electrical panel in 2015, and a steady history of interior refreshes to the flooring, washrooms, and appliances. This is a turnkey addition to any portfolio, offering massive long term value and clear rental upside based on its irreplaceable setting and solid condition. The lot comes with two parking spaces: one is designated for tenant use, and the other is a legal easement reserved for the neighboring property. (id:66700)

Location

4103 - Ottawa Centre, Ottawa

Estimate your payment

A rough monthly cost for this home — adjust the numbers to fit your situation.

$
$195,600 · 20%
%
yr

Estimated monthly payment

$4,546

or $2,273 bi-weekly

Mortgage amount
$782,400
Total interest
$581,407

Estimate only. Canadian rates compound semi-annually; figures exclude property tax, condo fees, and insurance. Confirm with your lender or mortgage broker.

Listing courtesy of ROYAL LEPAGE INTEGRITY REALTY

Listing data last updated May 31, 2026.

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