634 Gladstone Avenue
Ottawa (Ottawa Centre), ON K1R 5P4
- 5Bedrooms
- 5Bathrooms
- 2Parking
- 2000–2500Sq Ft
- $8,406Tax
- 24×99 ftLot Size
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Free Home EvaluationHow Much Is My Home Worth?Homes for Sale NearbySale & Price History for 634 Gladstone Avenue, Ottawa, Ottawa Centre
| Start Date | End Date | Price | Event | MLS# |
|---|---|---|---|---|
| 2026-05-29 | 2026-08-31 | Login to See Prices | Expired | x13216242 |
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About 634 Gladstone Avenue, Ottawa, Ottawa Centre
Summarized Description
- Fiveplex with a non-conforming basement suite.
- Located in a premium area near parks.
- Generates $64,020 in yearly rental income.
- Turnkey property with high-value updates.
- Fully occupied by respectful tenants.
- Meticulously maintained with recent upgrades.
- Offers long-term value and rental upside.
This exceptional parkside property offers a rare blend of urban character, immediate cash flow, and premium location. Operating as a fiveplex with a non-conforming fifth basement suite (property taxes from the city come for five units), the building features a highly rentable layout anchored by a large two bedroom unit with a spacious living area, and a mix of different sized one bedroom apartments. Location is an incredible selling point here, sitting directly in front of a vibrant park and community recreation centre, being one of the greenest areas in downtown environment, just a short walk to the best of Chinatown, Little Italy, and the Glebe. The investment delivers total peace of mind with approximately $64,020 in yearly rent income, fully occupied by respectful young professionals. This property has been meticulously maintained with high-value updates already completed, including a new roof and eavestroughs in November 2023, an updated main electrical panel in 2015, and a steady history of interior refreshes to the flooring, washrooms, and appliances. This is a turnkey addition to any portfolio, offering massive long term value and clear rental upside based on its irreplaceable setting and solid condition. The lot comes with two parking spaces: one is designated for tenant use, and the other is a legal easement reserved for the neighboring property.
Key Facts & Features
Property Costs
- Annual Property Tax Amount
- $8,406
- Land Transfer Tax Fee
- $16,035
Rental Items
- Rental Equipment
- Two hot water tanks
- Under Contract
- Hot Water Heater
- Basement Type
- Finished
Interior Features
- Interior Extras
- Other
- Fireplace/Stove
- No
- Elevator
- No
Exterior Features
- Pool
- None
Building
- Building Type
- Multiplex
- Building Style
- 2 1/2 Storey
Construction
- Exterior Finish
- Brick Front
- Roof
- Shingles
- Foundation Details
- Concrete
- Special Designation
- Unknown
Lot
- Lot Front
- 23.95 ft
- Lot Depth
- 99.09 ft
Inclusions
- Inclusions
- Refrigerator and stove in each unit (5 sets)
Exclusions
- Exclusions
- All tenants' belongings
Parking & Garages
- Garage Type
- None
- Garage Spaces
- 0
- Parking Spaces
- 1
- Total Garage And Parking Spaces
- 2
Heating & Cooling
- Heat Source
- Gas
- Heat Type
- Forced Air
- Air Conditioning
- None
- Water
- Municipal
- Sewers
- Sewer
- Bedrooms
- 5
- Washrooms
- 5
- Kitchens
- 4
Washrooms
- 4-piece, Basement
- 4-piece, Main
- 4-piece, Second
- 4-piece, Third
- Municipality
- Ottawa
- Neighbourhood
- Ottawa Centre
- Main cross streets
- Gladstone Avenue east of Bronson Avenue.
- Zoning
- TM14H(14.5)
- Directions
- Gladstone Avenue east of Bronson Avenue.
- MLS® number
- X13216242
- Data source
- Toronto Regional Real Estate Board
- Status change
- 2026-08-31
- Listed on
- 2026-05-29
- Days on market
- 94 days
- Possession type
- Flexible
- Co-op commission
- 2%+HST
- Seller
- Listed by
- ROYAL LEPAGE INTEGRITY REALTY
Home Market Value
Current home valuation for 634 Gladstone Avenue, Ottawa, Ottawa Centre, Ottawa, ON. Listed for $978,000
HOMEH Estimate
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Estimated Sales Range
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HOMEH Estimate for 634 Gladstone Avenue, Ottawa, Ottawa Centre
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Mortgage Payment Calculator
Compare up to 4 down payment scenarios
5% on first $500K + 10% on $478,000 over $500K
$72,800
| Scenario 1 | Scenario 2 | Scenario 3 | Scenario 4 | |
|---|---|---|---|---|
−Down payment | % $ | % $ | % $ | % $ |
+CMHC insurance | $36,186 | $27,286 | $23,276 | $0 |
=Total mortgage | $940,836 | $907,486 | $854,576 | $782,400 |
Amortization | ||||
Mortgage rate | % | % | % | % |
| Payment frequency | ||||
=Mortgage payment | $4,594monthly | $4,431monthly | $4,172monthly | $3,820monthly |
Land Transfer Tax
$16,035
$16,035
Around this home
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