$978,000
10.50 BTC
Photos
Map
634 Gladstone Avenue, Ottawa Centre
$978,000
PRICE
5
BEDROOMS
5
BATHROOMS
X13216242
MLSID

634 Gladstone Avenue, 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.
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Summary

Address
634 Gladstone Avenue
MLSID
X13216242
Property Type
Multiplex
Property Category
Bedrooms
5
Bathrooms
5
Kitchens
4 + 1
Zoning
TM14H(14.5)
Taxes (Annual)
$8,405.81
Tax Year
2025
Published
May 29, 2026
Days on Market
54 Days
Possession Type
Flexible
Possession Details
Flexible
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Inclusions

Refrigerator and stove in each unit (5 sets)

Exclusions

All tenants' belongings

Details

Bathroom 1
4-Piece Basement Level
Bathroom 2
4-Piece Main Level
Bathroom 3
4-Piece Second Level
Bathroom 4
4-Piece Third Level
Basement
Finished
Interior Features
Other
Parking Spaces
1
Parking Total
2
Architectural Style
2 1/2 Storey
Roof
Shingles
Construction Materials
Brick
Lot Width
24 Feet
Lot Depth
99 Feet
Water
Municipal
Heat Source
Gas
Heat Type
Forced Air
New Construction
No
Occupant Type
Tenant
Private Entrance
No
Sauna
No
Seasonal Property
No
Hot Tub / Spa
No
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