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
What comparable homes actually sold for in the last 12 months.
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.
