26 Aylmer Avenue

ActiveGlebe - Ottawa East and Area · 4403 - Old Ottawa South70 days on marketMLS® X13199044

$1,699,000

$355 / sq ft

Bedrooms0

Bathrooms0

Interior4,782 sq ft

TypeCommercial

ListingFor Sale

Days on Market70

About this property

A rare multi unit gem in one of Ottawa's Most Coveted Neighborhoods. Welcome to a premier, fully tenanted investment opportunity in Old Ottawa South. Perfectly positioned on an expansive 30' x 161' lot, this property offers the ultimate combination of immediate cash flow and future development potential. The property boasts a major 3,000 sq. ft. addition completed in 2017, bringing the total to four self-contained, high-yielding apartments (one 3 bed, two 2 beds, and one 1 bed). Every unit benefits from the convenience of private, in unit laundry, a massive draw for top tier tenants. The original front unit has been tastefully modernized with gleaming hardwood floors, granite countertops, contemporary cabinetry, and a renovated bath. Mechanically, this building is a dream for hands off investors. It features updated roofing (2017), a 2017 sump pump, and independent climate controls. Utilities are efficiently split across 3 hydro meters, 3 gas meters, and 1 water meter. Currently generating a strong $11,349.31 in gross monthly rental income with a 6.3% cap rate, this property is rock-solid. Best of all? The City of Ottawa has indicated potential for a 5 plex conversion, giving you a clear path to instantly boost your equity and revenue whenever you're ready. Building is legal as it stands. Current total gross monthly rental income is $11,349.31. Annual gross income: $131,055.00. Annual expenses: $24,288.30. Annual net income: $106,766.70. Motivated vendor. PROPERTY SOLD AS IS WHERE IS.

Features & finishes

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Air Conditioning

Basement

Property details

MLS® Number	X13199044
Status	Active
Listing Type	For Sale
Property Type	Commercial
Interior Size	4,782 sq ft
Beds / Baths	0 bed · 0 bath
Neighbourhood	4403 - Old Ottawa South
City	Glebe - Ottawa East and Area
Postal Code	K1S 2W9
Province	ON
Listed Date	May 28, 2026
Days on Market	70
Price per Sq Ft	$355
Brokerage	ROYAL LEPAGE PERFORMANCE REALTY