26 Aylmer Avenue, Glebe - Ottawa East and Area, ON K1S 2W9
Glebe - Ottawa East and Area, ON, K1S 2W9 · 4403 - Old Ottawa South
About this property
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.
Features & Amenities
- Basement: Finished
- Garage: None
- Cooling: Central Air
- Heat Type: Forced Air
- Heat Source: Gas
- Style: 3-Storey
- Construction: Brick, Vinyl Siding
- Sewer: Sewer
Property Details
| Property Type | Residential Freehold |
|---|---|
| Property Sub-Type | Multiplex |
| Architectural Style | 3-Storey |
| Bedrooms | 8 |
| Bathrooms | 6 |
| Basement | Finished |
| Garage | None |
| Parking Spaces | 2 |
| Heat Type | Forced Air |
| Heat Source | Gas |
| Cooling | Central Air |
| Sewer | Sewer |
| Annual Tax | $15,949 |
| Tax Year | 2025 |
Interior Features
- Interior Features
- Other
Exterior Features
- Pool Features
- None
Building & Construction
- Architectural Style
- 3-Storey
- Construction Materials
- Brick, Vinyl Siding
- Foundation Details
- Concrete, Stone
- Roof
- Asphalt Shingle
- Basement
- Finished
Heating & Cooling
- Heat Type
- Forced Air
- Heat Source
- Gas
- Cooling
- Central Air
Parking & Garage
- Garage Type
- None
- Parking Spaces
- 2
- Parking Total
- 2.00
- Covered Spaces
- 0
Lot & Land
- Lot Size Units
- Feet
- Lot Depth
- 161.96
- Lot Width
- 30.36
Financial & Tax
- Tax Annual Amount
- $15,949
- Tax Year
- 2025
- Possession Type
- Flexible
- Possession Details
- TBA
Utilities & Services
- Sewer
- Sewer
Room Details
- Rooms Above Grade
- 14
- Kitchens Above Grade
- 4
- Kitchens Total
- 4
- Bedrooms Above Grade
- 8
Additional Details
- Occupant Type
- Tenant
- Direction Faces
- South
- County Or Parish
- Ottawa
- Cross Street
- Bank St/Aylmer Ave
- Directions
- Bank street near Lansdowne Park, west on Aylmer Ave, house is on the south side of Aylmer Ave.
- Special Designation
- Unknown
- Showing Requirements
- Showing System
Location
26 Aylmer Avenue, Glebe - Ottawa East and Area, ON K1S 2W9, Glebe - Ottawa East and Area, ON, K1S 2W9