228 Fourth Avenue, Glebe - Ottawa East and Area

$2,250,000
228 Fourth Avenue

$2,250,000

New
4d
Detached3-Storey

228 Fourth Avenue, Glebe - Ottawa East and Area

Total Monthly Obligation $10,896

Beds
5
Baths
6
Park
3
Sqft
3000-3500
DOM
4d
Score
14
Yield
3.3%
Cash on Cash
-10.1%
Cap Rate
2.4%
5Y IRR
7.6%
10Y IRR
8.4%
Property Type-Detached
MLS® Number-X14096506
Beds-5
Bathrooms-6
Size-3000-3500 sqft
Lot Size-40 × 103 ft
Listed on site-Oct 19, 2026
Style-3-Storey
Building Type-Detached
Age-51-99
Taxes-$17,339 (2026)
Parking-4 - Detached
Basement-Finished
Heating-Forced Air (Gas)
Brokerage-FAULKNER REAL ESTATE LTD.
Cooling-Central Air, Window Unit(s)
Laundry-No
Fireplace-Wood
Pool-Above Ground
Facing-South
Exterior-Brick, Stucco (Plaster)
Roof-Shingles
Foundation-Concrete
Sewer-Sewer
Possession-flexible
Neighbourhood-4401 - Glebe
Title-Residential Freehold

No agent assigned

Situated in the heart of the Glebe in a coveted location, this distinguished residence has a commanding presence. A welcoming front porch leads into rooms rich in character, where leaded and stained glass windows, built-in bookshelves, French doors and natural wood trim speak to the craftsmanship of the original home. In the living room, a handsome fireplace anchors the space, while the generously proportioned dining room provides an elegant setting for both intimate dinners and larger occasions. At the heart of the home is the chef's kitchen, with a Wolf gas range, which opens seamlessly to the eating area and family room, and views the backyard. Convenient main floor powder room and mudroom. An elevator provides direct access from the main floor to the fifth bedroom, complete with a three-piece ensuite and laundry. The 5th bedroom can also be reached from the main house, making this a remarkably flexible space, including for multi-generational living. The private third floor retreat, with a spacious bedroom and skylit ensuite features a soaker tub and separate shower. With 3,000 sq' above grade, together with 680 sq' of finished lower-level space, including recreation areas, full bath, wine cellar, and laundry, there is an impressive amount of room to live, work and play.This has been a well lived in home known for its open door hospitality. It has become part of the fabric of the Glebe, famously known as the "Halloween house," The private backyard oasis is a natural extension of the living space, with a fire pit, BBQ area & swim spa. Imagine unwinding or entertaining beneath the stars. A private heated driveway leads to the 2014-built garage, notable for its unusually high ceilings. Underground sprinkler. Central air 2025. Live just a stroll from community schools, the Glebe Community Centre, St. James Tennis Club, Bank Street shops & restaurants, Lansdowne Park, the Rideau Canal & Dow's Lake. Pinch yourself, you're not dreaming! 24 hour irrevocable.

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

Closing Costs

Mortgage Amount
$1,800,000
Land Transfer Taxes$42,725
Legal Fees (Est.)
$
Total cash required for closing$494,225

Total Monthly Obligation

$10,896/mo
Mortgage $9,076
Monthly Loss $8,507
Principal$2,388
Interest$6,688
Property Tax$1,445
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.0%12
Cash-on-Cash
-13.0%0
5-Year IRR
5.4%12
10-Year IRR
7.0%
Returns Index
7.4/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
14/ 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
$75,240/yr
NOI
$45,877/yr
Net Cash Flow
-$5,253/mo
Cash Margin
-83.8%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.424
LTV Ratio
80.0%18
Vacancy Buffer
0.9 mo16
Risk Index
12.5/ 100

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

Comparables

Properties near 228 Fourth Avenue

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

Data is provided courtesy of PropTx.

The information provided herein must only be used by consumers who have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial or other purpose.

Listing information is deemed reliable but not guaranteed accurate by PropTx or TRREB.

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks owned by REALTOR® Canada Inc. and licensed exclusively to the Canadian Real Estate Association (CREA).

The MLS® trademark and MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

Data last updated within the past 24 hours.