634 GLADSTONE Avenue, Ottawa Centre, ON K1R 5P4
Ottawa Centre
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.
Estimate only - excludes property tax, condo fees, utilities and home insurance. Rates vary by lender and term; based on semi-annual compounding.
Walkability, transit, and bike-friendliness for 634 GLADSTONE Avenue, Ottawa Centre, ON K1R 5P4
Provided by Walk Score®. Walk Score, Transit Score, and Bike Score are trademarks of Walk Score.
MLS# X13216242
Listed by ROYAL LEPAGE INTEGRITY REALTY
On market since May 29, 2026
634 GLADSTONE Avenue, Ottawa Centre, ON K1R 5P4 is listed for $978,000 CAD.
634 GLADSTONE Avenue, Ottawa Centre, ON K1R 5P4 has 5 bedrooms and 5 bathrooms.
634 GLADSTONE Avenue, Ottawa Centre, ON K1R 5P4 is a Multiplex.
634 GLADSTONE Avenue, Ottawa Centre, ON K1R 5P4 is in Ottawa Centre, Ontario.
634 GLADSTONE Avenue, Ottawa Centre, ON K1R 5P4 is currently for sale.
Contact Michael Mezheritsky at +1 (416) 716-4439 to arrange a private showing of 634 GLADSTONE Avenue, Ottawa Centre, ON K1R 5P4 (MLS# X13216242). You can also send a message through the contact form on this site.
