59 Concord Street

ActiveGlebe - Ottawa East and Area · 4408 - Ottawa East104 days on marketMLS® X13039300

$2,195,000

$627 / sq ft

Bedrooms16

Bathrooms8

Interior3,500 sq ft

TypeMulti-Family

ListingFor Sale

Days on Market104

About this property

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.

Features & finishes

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Air Conditioning

Basement

Property details

MLS® Number	X13039300
Status	Active
Listing Type	For Sale
Property Type	Multi-Family
Interior Size	3,500 sq ft
Beds / Baths	16 bed · 8 bath
Neighbourhood	4408 - Ottawa East
City	Glebe - Ottawa East and Area
Postal Code	K1S 0Y5
Province	ON
Listed Date	April 24, 2026
Days on Market	104
Price per Sq Ft	$627
Brokerage	EXP REALTY