128 Second Avenue, Glebe - Ottawa East and Area

$845,000
128 Second Avenue

$845,000

New
39d
Semi-Detached 2-Storey

128 Second Avenue, Glebe - Ottawa East and Area

Total Monthly Obligation $4,345

Beds
3
Baths
2
Park
2
Sqft
1500-2000
DOM
39d
Score
18
Yield
4.7%
Cash on Cash
-4.7%
Cap Rate
3.6%
5Y IRR
11.9%
10Y IRR
11.7%
Property Type-Semi-Detached
MLS® Number-X13781078
Beds-3
Bathrooms-2
Size-1500-2000 sqft
Lot Size-25 × 103 ft
Listed on site-Sep 14, 2026
Style-2-Storey
Building Type-Semi-Detached
Taxes-$6,742 (2026)
Parking-2 - None
Basement-Unfinished
Heating-Radiant (Gas)
Brokerage-ENGEL & VOLKERS OTTAWA
Cooling-None
Laundry-No
Fireplace-No
Pool-None
Facing-South
Exterior-Brick
Roof-Asphalt Rolled, Flat
Foundation-Stone
Sewer-Sewer
Possession-TBD
Neighbourhood-4402 - Glebe
Title-Residential Freehold

No agent assigned

Classic Glebe Character on a tree-lined street in the heart of the Glebe, this handsome red-brick semi blends timeless character with rare flexibility. Live in one unit and rent the other for income, or enjoy the whole home as your own - the choice is yours. From the covered front porch and upper balcony to the leaded-glass transom over the door, the home wears its heritage beautifully. Inside, gleaming hardwood floors run through generous, light-filled rooms, where high ceilings, period trim, and wide cased openings between the living and dining areas give the space warmth and flow. Three well-proportioned bedrooms are spread across two levels, with an unfinished basement below offering excellent storage or the opportunity to add value and finished space down the road. Outdoor living is a standout here with a private rooftop patio on the second level is a rare urban luxury - the perfect perch for morning coffee or evening drinks above the treetops. Below, a fenced backyard offers a quiet green retreat, and on-site parking adds everyday convenience that's hard to come by in this pocket. And then there's the location! You're steps from the Rideau Canal for year-round walking, cycling, and skating, and just a short stroll to Bank Street's shops, cafés, and restaurants, with Lansdowne Park and everything that makes the Glebe one of Ottawa's most beloved neighbourhoods right at your doorstep. A character home, a smart investment, and a truly walkable lifestyle - all in one address. Book your private showing today.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$676,000
Land Transfer Taxes$13,375
Legal Fees (Est.)
$
Total cash required for closing$183,875

Total Monthly Obligation

$4,345/mo
Mortgage $3,408
Monthly Loss $3,448
Principal$897
Interest$2,512
Property Tax$562
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.9%17
Cash-on-Cash
-9.0%1
5-Year IRR
8.5%26
10-Year IRR
9.4%
Returns Index
14.2/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
18/ 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
$39,672/yr
NOI
$24,463/yr
Net Cash Flow
-$1,370/mo
Cash Margin
-41.4%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.607
LTV Ratio
80.0%18
Vacancy Buffer
2.2 mo35
Risk Index
20.0/ 100

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

Comparables

Properties near 128 Second Avenue

Time

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