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55 Glendale Avenue Ottawa, Ontario K1S 1W3

None Forced Air

$1,750,000

**Exceptional Investment Opportunity in the Glebe!** Take advantage of this solid building designed as a fourplex, featuring two spacious 2-bedroom units, two generous 4-bedroom units, and an additional 1-bedroom unit. Located at the vibrant northeast corner of Percy and Glendale, this highly sought-after area is currently generating over $100,000 in revenue, with great potential for growth! The building offers open parking for four cars, and the large apartments are easy to rent. You’ll love the prime Centertown location, steps from shopping and dining, and a short drive to Parliament Hill and downtown. The O-TRAIN is just 25 minutes away, with nearby parks like Central Park, Glebe Memorial Park, and McNabb Park enhancing the urban lifestyle. The recent fire retrofit in 2020 adds peace of mind, and the fourplex + 1( non-compliant) unit can be financed at favourable residential interest rates. This is a rare chance—don’t miss out on this outstanding investment! (id:37464)

Property Details

MLS® Number 1420214
Property Type Multi-family
Neigbourhood Glebe
Amenities Near By Public Transit, Recreation Nearby, Shopping
Parking Space Total 4

Building

Basement Development Partially Finished
Basement Type Full (partially Finished)
Constructed Date 1950
Construction Style Attachment Attached
Cooling Type None
Exterior Finish Brick
Flooring Type Hardwood, Laminate, Tile
Heating Fuel Electric
Heating Type Forced Air
Stories Total 2
Type Fourplex
Utility Water Municipal Water

Parking

Surfaced
See Remarks

Land

Acreage No
Current Use Development Residential
Land Amenities Public Transit, Recreation Nearby, Shopping
Sewer Municipal Sewage System
Size Depth 100 Ft
Size Frontage 33 Ft
Size Irregular 33.01 Ft X 100 Ft
Size Total Text 33.01 Ft X 100 Ft
Zoning Description Residential

Utilities

Fully serviced Available

https://www.realtor.ca/real-estate/27646239/55-glendale-avenue-ottawa-glebe

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