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163 First Avenue
4402 - Glebe Glebe - Ottawa East and Area K1S 2G3

$1,799,000 /For Sale
Commercial

Main Photo: 163 First Avenue in Glebe - Ottawa East and Area: 4402 - Glebe Commercial for sale : MLS®# X14176316
Photo 1: 163 First Avenue in Glebe - Ottawa East and Area: 4402 - Glebe Commercial for sale : MLS®# X14176316
Photo 2: 163 First Avenue in Glebe - Ottawa East and Area: 4402 - Glebe Commercial for sale : MLS®# X14176316
Photo 3: 163 First Avenue in Glebe - Ottawa East and Area: 4402 - Glebe Commercial for sale : MLS®# X14176316
Photo 4: 163 First Avenue in Glebe - Ottawa East and Area: 4402 - Glebe Commercial for sale : MLS®# X14176316
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Photo 28: 163 First Avenue in Glebe - Ottawa East and Area: 4402 - Glebe Commercial for sale : MLS®# X14176316
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Photo 30: 163 First Avenue in Glebe - Ottawa East and Area: 4402 - Glebe Commercial for sale : MLS®# X14176316
Status:
Active
Prop. Type:
Commercial
MLS® Num:
X14176316
Bus Major:
Apts - 6 To 12 Units
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.
Property Type:
Commercial
Property Sub Type:
Investment
Freestanding:
Yes
Total Area:
4738 sq. ft. Square Feet
Total Area:
4,738 sq. ft.
Lot Depth:
103'
Lot Frontage:
46'
Water supply:
Municipal
Zoning:
N4B [1474] H(11)
Heating type:
Gas Hot Water
Garage:
None
HST Applicable To Sale Price:
In Addition To
Assessment Year:
2025
Type Taxes:
Annual
Taxes:
$14,382 / 2026
Assessment:
$- / 2025
Ottawa
Glebe - Ottawa East and Area
4402 - Glebe
5 x Hot Water Tanks, 1 x Enercare Boiler
Utilities:
Yes
Air Conditioning:
No
Seller Property Info Statement:
No
Major Business Type:
Apts - 6 To 12 Units
Category:
Apartment
Date Listed:
Nov 12, 2026
Original Price:
Previous Price:
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Listed by CAPITAL COMMERCIAL INVESTMENT CORP.
Data was last updated November 13, 2026 at 03:15 AM (UTC)
DARYL  KING
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FAQs – Apartment Buildings for Sale

1. Are apartment buildings a good investment?
Yes, apartment buildings provide steady rental income, potential tax benefits, and property value appreciation over time.

2. What should I consider before buying an apartment building?
Evaluate location, tenant demand, building condition, rental income, and management costs.

3. Can first-time investors buy apartment buildings?
Yes, many financing options are available for new investors, including CMHC-backed loans and commercial mortgages.

4. How many units are considered an apartment building?
Typically, any property with five or more units is classified as an apartment building for investment purposes.

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You can find listings across major cities and growing suburbs where rental demand remains strong.