223 Fourth Avenue, Glebe - Ottawa East and Area

$1,598,000
223 Fourth Avenue

$1,598,000

New
9d
Detached2-Storey

223 Fourth Avenue, Glebe - Ottawa East and Area

Total Monthly Obligation $7,712

Beds
5
Baths
4
Park
2
Sqft
2000-2500
DOM
9d
Score
16
Yield
4.2%
Cash on Cash
-6.0%
Cap Rate
3.3%
5Y IRR
10.8%
10Y IRR
10.9%
Property Type-Detached
MLS® Number-X14033578
Beds-5
Bathrooms-4
Size-2000-2500 sqft
Lot Size-40 × 103 ft
Listed on site-Oct 14, 2026
Style-2-Storey
Building Type-Detached
Taxes-$10,688 (2026)
Parking-3 - Detached
Basement-Finished, Crawl Space
Heating-Heat Pump (Gas)
Brokerage-FAULKNER REAL ESTATE LTD.
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas
Pool-None
Facing-North
Exterior-Brick
Roof-Shingles
Foundation-Concrete
Sewer-Sewer
Possession-TBA
Neighbourhood-4401 - Glebe
Title-Residential Freehold

No agent assigned

Substantially and tastefully renovated since 2015, this sun-filled home showcases quality craftsmanship throughout, seamlessly blending timeless Glebe character with stylish modern living and contemporary conveniences. A thoughtfully designed two-storey addition elevates the home, creating spectacular living spaces. At its heart is a dream kitchen featuring custom DesLaurier cabinetry, premium appliances, and an inviting dining area. The luxurious primary suite offers a serene private retreat, complete with a gas fireplace, full ensuite bath, and private balcony. The centre-hall design is a family favourite, with French doors opening to inviting living and dining rooms, each featuring beautiful bay windows with leaded glass. A gas fireplace adds warmth and ambiance to the living room, while hardwood floors and traditional architectural details beautifully complement the home's contemporary interiors. A convenient main-floor powder room and side-door access with closets add everyday practicality. With four bedrooms above grade, plus an additional lower-level bedroom, there is plenty of space for family, guests, or home office. The finished lower level offers a cozy recreation room and a three-piece bathroom. Upgrades include new wiring and plumbing, four renovated bathrooms, AC condenser, roof re-shingled, boiler and hot water on demand, 200 Amp service plus!!! Outside, enjoy a fenced backyard, private driveway, and oversized garage. This low traffic location is just steps from excellent community schools, Glebe Community Centre, St James Tennis Club, parks, the Rideau Canal, and Dow's Lake. Lansdowne Park and the vibrant shops, cafés, and restaurants are only a short stroll away. Timeless character, modern comfort, and thoughtful updates, all complemented by an unbeatable neighbourhood lifestyle. 24 hour irrevocable.

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$
%
%
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$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$1,278,400
Land Transfer Taxes$28,435
Legal Fees (Est.)
$
Total cash required for closing$349,535

Total Monthly Obligation

$7,712/mo
Mortgage $6,446
Monthly Loss $6,015
Principal$1,696
Interest$4,750
Property Tax$891
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.8%17
Cash-on-Cash
-9.5%1
5-Year IRR
8.1%24
10-Year IRR
9.1%
Returns Index
13.2/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
16/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$66,672/yr
NOI
$44,817/yr
Net Cash Flow
-$2,711/mo
Cash Margin
-48.8%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.586
LTV Ratio
80.0%18
Vacancy Buffer
1.3 mo20
Risk Index
14.8/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 223 Fourth Avenue

Time

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