1028 Gladstone Avenue Ottawa, Ontario K1Y 3G2

$1,149,900

Don't miss out on this fantastic opportunity! Explore this very large recently renovated, ready-to-go brick Triplex in vibrant Hintonburg. Comprised of 2 extremely spacious VACANT 3-bedroom units ($2,500 & $2400 conservative projected rents) & 1 convenient tenanted 1-bedroom unit(currently rented to great tenant at $1,100). Situated on a prime lot with exceptional long term development potential. This versatile Triplex offers multiple options for savvy investors. You can choose to live in one of the units & rent out the others, creating an ideal living & income arrangement. Alternatively, maintain it as a reliable long-term investment, securing your future retirement plan. **2025 ALL NEW: 2 kitchens, flooring, lighting, electrical throughout(documents available) plus, 4 separate, newly installed hydro meters so each unit plus common utilities can be separated and reduce expenses to the owner - significant savings! Excellent ROI - 5.2% cap rate(contact for full financials) with major items already taken care of and modernized. Located in one of the most sought-after areas in town, with easy access to the desirable Wellington shops & the Civic Hospital. Well maintained & cared for by the current owner. ~10 year old roof, 6 year old furnace. 1 parking space included. Don't let this opportunity slip away, call Patrick today for more! (id:49712)

Property Details

MLS® Number	X12091397
Property Type	Multi-family
Neigbourhood	Hintonburg
Community Name	4203 - Hintonburg
Parking Space Total	1

Building

Bathroom Total	3
Bedrooms Above Ground	7
Bedrooms Total	7
Amenities	Separate Electricity Meters
Appliances	Water Heater - Tankless, Dryer, Stove, Washer, Refrigerator
Basement Development	Finished
Basement Type	Full (finished)
Exterior Finish	Brick, Stucco
Foundation Type	Stone
Heating Fuel	Natural Gas
Heating Type	Forced Air
Stories Total	3
Size Interior	2,000 - 2,500 Ft2
Type	Triplex
Utility Water	Municipal Water

Parking

No Garage

Land

Acreage	No
Sewer	Sanitary Sewer
Size Depth	46 Ft ,6 In
Size Frontage	40 Ft
Size Irregular	40 X 46.5 Ft
Size Total Text	40 X 46.5 Ft

Utilities

Cable	Installed
Sewer	Installed

https://www.realtor.ca/real-estate/28187509/1028-gladstone-avenue-ottawa-4203-hintonburg