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Tony & Ledi Real Estate Team

info@tonyledi.com +1(647) 493-3579

Est. payment | -/mo

16 Beds

8 Baths

Save

Est. payment | -/mo

Save

16 Beds

8 Baths

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 3500-5000

Subdivision 4408 - Ottawa East

MLS Listing ID X13039300

Style 3-Storey

Bedrooms 16

Annual Tax Amount $15,509

Tax Year 2025

Property Sub-Type Fourplex

Property Description

Welcome to 59 Concord Street - a rare opportunity to acquire a purpose-built fourplex in the heart of the Glebe, steps to the University of Ottawa and the Rideau Canal. Built in 2016, this Class A, fully stabilized asset sits in one of Ottawa's strongest and most consistent rental corridors. The property consists of four identical 4-bedroom, 2-bathroom units, purpose-designed to maximize rental income and tenant demand. Each suite features dark hardwood flooring, durable tile and vinyl surfaces, and open-concept layouts filled with natural light. Contemporary kitchens showcase two-toned cabinetry, granite countertops, stainless steel appliances, and oversized center islands with breakfast bars overlooking spacious living and dining areas. Every unit is equipped with in-suite laundry, independent HVAC systems (furnace and A/C), tankless hot water tanks, video intercom entry, fob access, and enhanced soundproofing between units - a premium feature that reduces turnover and increases tenant satisfaction. The building also offers secure keypad entry and 24/7 video surveillance, reinforcing safety and long-term tenant appeal. Four identical units. Units come fully furnished. Offered all inclusive, water, gas, hydro. Fully tenanted. The turnkey nature of this asset ensures minimal operational complexity and strong tenant retention. Located within walking distance to the ByWard Market, Parliament Hill, and major transit routes, this is a high-demand micro-location with consistent rental performance driven by proximity to the University of Ottawa and downtown employment hubs. Strong financial profile with an NOI of $105,500.30 at a 4.8% cap rate. A clean, modern, income-producing asset built right, positioned right, and engineered for long-term performance - an exceptional addition to any serious investor's portfolio.

Location

Province ON

County Ottawa

Area Ottawa

Rooms

Family Room No

Basement Apartment

Kitchen 4

Separate Den/Office 4

Interior

Interior Features Water Heater

Cooling Central Air

Inclusions 4 Stove, 4 Microwave/Hood Fan, 4 Dryer, 4 Washer, 4 Refrigerator, 4 Dishwasher, All Furniture.

Exterior

Pool None

Roof Type Asphalt Shingle

Lot Frontage 33.0

Lot Depth 99.0

Building

Foundation Poured Concrete

Others

Senior Community No

ParcelsYN No

Listed by EXP REALTY

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59 Concord ST N Glebe - Ottawa East And Area, ON K1S 0Y5