For Sale · Multifamily

3-88 GLEBE AVENUE, Ottawa

3-88 GLEBE AVENUE, Ottawa, ON K1S2T4

Price on request

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Asset Class

Multifamily

Size

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Building class

B

Zoning

RA9 — High Rise

$ / SF

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Occupancy

91%

About this property

Welcome to 88 Glebe Avenue, where timeless character meets one of Ottawa's most sought-after neighbourhoods! Freshly painted and ready for immediate occupancy, this charming third-floor, one-bedroom plus den unit is filled with old-world appeal, featuring gorgeous traditional trim, charming built-in nooks, and an abundance of natural light. The exceptionally spacious living room offers plenty of room to relax and entertain, while the generously sized eat-in kitchen provides a welcoming space for everyday meals and morning coffee. A cozy den offers the perfect spot to work from home, while the private balcony provides a lovely outdoor retreat of your own. And the location? Hard to beat! Just steps from the Rideau Canal and the vibrant shops, cafés, and restaurants along Bank Street, you'll love having some of Ottawa's best walking routes and neighbourhood amenities right at your doorstep. Whether it's a morning stroll along the Canal, an afternoon exploring the Glebe, or dinner at a favourite neighbourhood restaurant, everything you love about urban living is within easy reach. Complete with parking and a convenient basement storage locker, this character-filled home offers a wonderful blend of charm, space, and everyday convenience. Available for immediate occupancy! (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy91%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$77K

Annual cash flow

$-6K

Cash-on-cash

-1.26%

DSCR

0.93

Going-in cap

5.16%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

100,524

Households

35,552

Median income

$83,500

Median age

43

Daytime population

140,926

5-yr growth

5.1%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 3-88 GLEBE AVENUE, Ottawa.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.