905-332-2207
30
$1,799,000 Sale
Listed 1 hour
163 First Avenue
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Listing History
Buy/Sell/Terminated/Expired listing history for 163 First Avenue
Key Facts
Key facts for 163 First Avenue
Property Type
Commercial
Parking
None
MLS #
X14176316
Size
-
Basement
-
Listed on
2026-11-11
Lot size
46 x 103.0
Tax
$14,382 /yr
Days on Market
1
Approximate Age
-
Maintenance Fee
-
Description
Rare six-unit multifamily investment opportunity in the heart of the Glebe, one of Ottawa's most desirable and amenity-rich urban neighbourhoods. This well-maintained purpose-built apartment building offers a highly sought-after unit mix comprising four two-bedroom suites and two one-bedroom suites,... catering to a stable tenant profile that includes working professionals and couples. Building systems include hot water radiator heating, six dedicated storage lockers, recently roughed-in common laundry facilities which can accommodate one washer and one dryer, and other notable capital improvements including a flat roof replacement completed in 2019, with an additional roof section replaced in 2025. The property benefits from N4B [1474] H(11) zoning, providing investors with long-term positioning in a neighbourhood characterized by strong rental demand, limited housing supply, and exceptional walkability. Residents enjoy immediate access to a wide range of everyday conveniences, all within walking distance, including Metro Glebe, Shoppers Drug Mart, Starbucks, RBC Royal Bank, Capital Home Hardware, and Canada Post. The property also benefits from proximity to some of Ottawa's most prominent destinations, including TD Place Stadium (1.4 km) and Parliament Hill (2.3 km), further enhancing its appeal to existing and prospective tenants.
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Courtesy of: CAPITAL COMMERCIAL INVESTMENT CORP.