59 Concord Street N, Glebe - Ottawa East and Area, ON K1S 0Y5
$2,350,000
59 Concord Street N, Glebe - Ottawa East and Area, ON K1S 0Y5, Glebe - Ottawa East and Area, ON
Bed 16
Bath 8
Welcome to 59 Concord Street - a rare opportunity to acquire a purpose-built fourplex in the heart of Sandy Hill, 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 4.5% 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.
Property Highlights
For Sale
MLS NO.
X12782236
Type
Residential Freehold
Sub Type
Fourplex
Bedrooms
16
Bathrooms
8
Complete Property Details
Property Type
Residential Freehold
Sub Type
Fourplex
Transaction Type
For Sale
Status
Cancelled
Contract Status
Unavailable
MLS® Number
X12782236
Living Area Range
3500-5000
Total Bedrooms
16
Bedrooms Above Grade
12
Bedrooms Below Grade
4
Total Bathrooms
8
Total Kitchens
4
Kitchens Above Grade
3
Kitchens Below Grade
1
Rooms Above Grade
6
Rooms Below Grade
2
Interior Features
Water Heater
Fireplace
No
Central Vacuum Yn
No
Security Features
Security System, Monitored
Construction
Brick, Metal/Steel Siding
Roof
Asphalt Shingle
Lot Width
33.0
Lot Size Units
SquareFeet
Parking Total
0.0
Covered Spaces
0.0
Garage Type
None
Garage
No
Pool
None
Direction Facing
North
Cooling
Central Air
Heat Source
Gas
Heat Type
Forced Air
Internet Address Display Yn
Yes
Internet Entire Listing Display Yn
Yes
Full Address
59 Concord Street N, Glebe - Ottawa East and Area, ON K1S 0Y5
City
Glebe - Ottawa East and Area
Neighbourhood
4408 - Ottawa East
County / Region
Ottawa
Province / State
ON
Postal Code
K1S 0Y5
Cross Street
Concord and Montcalm
Directions
Take Hwy 417 Exit Nicholas/Mann, Take Mann Exit, follow Mann as it changes into Greenfield, Turn left onto Concord Street.es into Greenfield, Turn left onto Concord Street.
Country
CA
List Price
$2,350,000
Annual Taxes
$15,509
Tax Year
2025
Legal Description
PT LT 5, PL 48 , PART 2 , 5R5110 , E CONCORD ST ; OTTAWA/NEPEAN
Possession Type
Flexible
Listing Office
EXP REALTY
Board
Ottawa Real Estate Board
Original Entry
2026-02-12T13:59:02Z
Media Updated
2026-02-12T13:59:03Z
Photos Updated
2026-02-12T13:59:03Z
Last Modified
2026-04-23T15:03:12Z
System Modified
2026-04-23T15:03:20.283938Z
MLS Status
Terminated
Architectural Style
3-Storey
Basement
Full, Finished
Ddfyn
Yes
Expiration Date
2026-05-31
Foundation Details
Concrete
Heat Source Multi
Gas
Heat Type Multi
Forced Air
Hstapplication
Included In
Occupant Type
Tenant
Originating System Id
A00001796
Parcel Number
042040064
Parking Spaces
0
Property Features
Public Transit
Public Remarks
Welcome to 59 Concord Street - a rare opportunity to acquire a purpose-built fourplex in the heart of Sandy Hill, 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 4.5% 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.
