26 Aylmer AVE, Glebe - Ottawa East And Area, ON K1S 2W9
26 Aylmer AVE, Glebe - Ottawa East And Area, ON K1S 2W9
26 Aylmer AVE, Glebe - Ottawa East And Area, ON K1S 2W9
26 Aylmer AVE, Glebe - Ottawa East And Area, ON K1S 2W9
26 Aylmer AVE, Glebe - Ottawa East And Area, ON K1S 2W9
26 Aylmer AVE, Glebe - Ottawa East And Area, ON K1S 2W9
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Sharon Browne

Sharon Browne

+1(416) 873-3259
$ 1,699,000
Est. payment | /mo

8 Beds

6 Baths

Save Virtual Tour
$ 1,699,000
Est. payment | /mo
Save Virtual Tour

8 Beds

6 Baths

Key Details

Property Type Multi-Family

Sub Type Multiplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 3500-5000

Subdivision 4403 - Old Ottawa South

MLS Listing ID X13199062

Style 3-Storey

Bedrooms 8

Annual Tax Amount $15,949

Tax Year 2025

Property Sub-Type Multiplex

Property Description

A rare multi unit gem in one of Ottawa's Most Coveted Neighborhoods. Welcome to a premier, fully tenanted investment opportunity in Old Ottawa South. Perfectly positioned on an expansive 30' x 161' lot, this property offers the ultimate combination of immediate cash flow and future development potential. The property boasts a major 3,000 sq. ft. addition completed in 2017, bringing the total to four self-contained, high-yielding apartments (one 3 bed, two 2 beds, and one 1 bed). Every unit benefits from the convenience of private, in unit laundry, a massive draw for top tier tenants. The original front unit has been tastefully modernized with gleaming hardwood floors, granite countertops, contemporary cabinetry, and a renovated bath. Mechanically, this building is a dream for hands off investors. It features updated roofing (2017), a 2017 sump pump, and independent climate controls. Utilities are efficiently split across 3 hydro meters, 3 gas meters, and 1 water meter. Currently generating a strong $11,349.31 in gross monthly rental income with a 6.3% cap rate, this property is rock-solid. Best of all? The City of Ottawa has indicated potential for a 5 plex conversion, giving you a clear path to instantly boost your equity and revenue whenever you're ready. Building is legal as it stands. Current total gross monthly rental income is $11,349.31. Annual gross income: $131,055.00. Annual expenses: $24,288.30. Annual net income: $106,766.70. Motivated vendor. PROPERTY SOLD AS IS WHERE IS.

Location

Province ON

County Ottawa

Area Ottawa

Rooms

Family Room Yes

Basement Finished

Kitchen 4

Interior

Interior Features Other

Cooling Central Air

Fireplace No

Heat Source Gas

Exterior

Pool None

Roof Type Asphalt Shingle

Lot Frontage 30.36

Lot Depth 161.96

Total Parking Spaces 2

Building

Foundation Concrete, Stone

Others

ParcelsYN No

Virtual Tour https://unbranded.youriguide.com/26_aylmer_ave_ottawa_on/

Listed by ROYAL LEPAGE PERFORMANCE REALTY

NEARBY SCHOOLS & PROPERTIES

Sharon Browne

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(416) 873-3259

sharon@sharonbrownehomes.com

130 King St W Unit 1800B, Toronto, ON, M5X1E3, Canada

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26 Aylmer AVE