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Investment signal

$1,198,000

60 CLAREY AVENUE

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Beds

Baths

Sqft

—

Year

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Type

Multi-family

Suite

Investment signal

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Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Ottawa. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

The Glebe: Resilient. Walkable. Profitable. This classic century triplex at 60 Clarey Avenue sits in the ultimate sweet spot of the Glebe, just steps from Lansdowne and Bank Street. Anchor yourself in Ottawa's most in-demand neighbourhood with a strategy to bypass old rent rolls and set market rates immediately. The main floor 1-bed unit is vacant by the end of March. The upper unit, extensively renovated in 2017, is a 2-bed + loft den with sky light with a large South-facing deck available June 1st. The lower 1-bed unit features a separate rear walkout, new egress window, and dedicated parking, providing steady cash flow. Features: a new two-tier deck, 3 hydro meters, 3 parking spots, and new 2024 HWTs. With a high Walk Score and unbeatable transit, this isn't just a property; it's a defensible asset in a location that consistently outperforms. Build equity where it counts. (id:65958)

Subtype: Multi-family
Structure: Triplex
Community: 4402 - Glebe
Lot dimensions: 25.5 x 89 FT
Bedrooms: 3 above grade, 1 below grade
Parking: 3 total
Stories: 2.5
On market: Mar 9, 2026
Status changed: Apr 24, 2026
Annual tax: $9,861.79 (2025)
Zoning: R3
Photos: 24
MLS#: X12862220
Area: OTTAWA

Features and systems

Parking

No Garage

Basement

FinishedFullApartment in basementWalk outN/AN/A

Appliances

Water meter

Heating

Forced airNatural gas

Cooling

Central air conditioning

Exterior

Brick

Foundation

Stone

Lot

In-Law Suite

Utilities

SewerElectricityCable

Negative cash flow ~$1,283/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-6.42%

Cap rate

3.58%

GRM

16.6

Break-even rent

$7,350

Financing

Down payment$239,600

Loan amount$958,400

Mortgage$4,856/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$549

Insurance$80

Maintenance$998

CapEx reserve$499

Vacancy loss$300

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $4,856/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 24, 2026.