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$ 1,399,900
Est. payment /mo
Active
350 Fifth AVE Glebe - Ottawa East And Area, ON K1S 2N8
8 Beds
4 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2000-2500
Subdivision 4401 - Glebe
MLS Listing ID X13105004
Style 3-Storey
Bedrooms 8
Annual Tax Amount $12,052
Tax Year 2025
Property Sub-Type Triplex
Property Description
350 Fifth Avenue offers a rare opportunity to own a legal triplex with a bonus non-conforming bachelor suite in the heart of the Glebe, just steps from Carleton University, Lansdowne Park, and the Rideau Canal. This charming brick property features a versatile unit mix including two spacious 3-bedroom apartments, a 1-bedroom unit, and a self-contained bachelor suite in the basement. Three units are currently leased, generating stable income with Unit 1 rented at $2,500/month plus hydro, Unit 2 at $2,600/month plus hydro and inclusive of parking, and Unit 3 at $1,650/month plus hydro. Unit 4, the vacant bachelor suite, is currently being offered for lease at $1,100/month inclusive of utilities, providing flexibility for a new tenancy. The upper units showcase high ceilings, large windows, timeless architectural character, and private south-facing decks that tenants love, making this an excellent opportunity for investors seeking a quality multi-unit property in one of Ottawa's strongest rental and student housing markets. Additional income is generated through coin-operated laundry and parking. The property includes four hydro meters, central heating through a single thermostat system, a newly installed and owned high-efficiency furnace and on-demand hot water system (2025), an owned coin-operated washer and dryer (2023), and four on-site parking spaces. An exceptional investment opportunity in one of Ottawa's most desirable and walkable neighbourhoods.
Location
Province ON
County Ottawa
Area Ottawa
Zoning R3P[1474]
Rooms
Basement Apartment, Partially Finished
Kitchen 4
Interior
Interior Features Accessory Apartment, On Demand Water Heater, Separate Hydro Meter, Water Heater Owned
Cooling None
Exterior
Parking Features None
Pool None
Roof Type Asphalt Shingle
Total Parking Spaces 4
Building
Foundation Unknown
Others
Virtual Tour https://www.youtube.com/watch?v=fPiJSY5Pbvg
Lited by EXP REALTY