634 GLADSTONE AVENUE

Ottawa, , K1R5P4, Canada

$978,000

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.

EXTRAS: Refrigerator, Stove

Virtual Tour: https://my.matterport.com/show/?m=rDT5nhZBF51&mls=1

Last updated on : Saturday 30th of May 2026 10:30:43 AM

ADDRESS

Street : 634 GLADSTONE AVENUE

City : Ottawa

Country : Canada

Postal Code : K1R5P4

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PROPERTY SUMMARY

Property ID : X13216242

Building Type : Other

Property Type : Multi-family

Bedrooms : 5

Bathrooms : 5

Parking : 2

Parking Type: No Garage

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