59 Concord Street N,Glebe - Ottawa East and Area, ON K1S 0Y5
Glebe - Ottawa East and Area, ON K1S 0Y5
Description
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.
Details
| MLS # | X13039300 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 120 |
| Listing Provided By | EXP REALTY | X13039300 488700 |
Features
| Bed(s) | 16 |
|---|---|
| Bath(s) | 8 |
| Basement | Y |
| Story(s) | 3 |
| Acreage | 0.08 |
Interior
| Interior Features | Water Heater |
|---|---|
| Cooling | Central Air |
| Heat Source | Gas |
| Fireplace Yes / No | No |
Exterior
| Roof | Asphalt Shingle |
|---|---|
| Foundation Details | Poured Concrete |
| Construction Materials | Brick |
Parking
| Garage Yes / No | No |
|---|
Utilities
| Sewer | Sewer |
|---|
Taxes
| Tax Annual Amount | 15509 |
|---|---|
| Tax Legal Description | PT LT 5, PL 48 , PART 2 , 5R5110 , E CONCORD ST ; OTTAWA/NEPEAN |
| Tax Year | 2025 |
Area Information
| Province | ON |
|---|---|
| Region | Ottawa |
| City | Glebe - Ottawa East and Area |
| Postal Code | K1S 0Y5 |
| Area | 4408 Ottawa East |
| Listing VS Median (in K1S 0Y5) | |
Price: $2,195,000 low | high Med: $0 On site: 120 low | high Med: | |
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Learn More About This Property
| Province | ON |
|---|---|
| Region | Ottawa |
| City | Glebe - Ottawa East and Area |
| Postal Code | K1S 0Y5 |
| Area | 4408 Ottawa East |
| Listing VS Median (in K1S 0Y5) | |
Price: $2,195,000 low | high Med: $0 On site: 120 low | high Med: | |
