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$ 1,474,800
Est. payment /mo
New
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 X12714588
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 bachelor suite in the heart of the Glebe, just steps from Carleton University, Lansdowne Park, and the Rideau Canal. Two units are now leased beginning September 2025 (Unit 1 at $2,500/month and Unit 3 at $1,650/month), while the remaining units provide flexibility for new tenancies or owner-occupation.This charming brick property features a versatile mix of units: two spacious 3-bedroom apartments, a 1-bedroom unit, and a self-contained bachelor suite in the basement. The upper units showcase high ceilings, large windows, and timeless architectural details that tenants love, along with private south-facing decks for summer enjoyment. All units have been recently painted, repaired, and refreshed.The property has strong rental potential, with income from coin-operated laundry and parking, and an estimated total of up to $8,000/month when fully leased. Utilities are separated with four hydro meters, while heating and hot water are provided through a newly installed, owned, high-efficiency furnace and on-demand system (2025). An owned coin-operated washer and dryer (2023) add further income. Four on-site parking spaces and a co-owned shared driveway complete the package.An exceptional income property in one of Ottawas most sought-after rental markets.
Location
Province ON
County Ottawa
Community 4401 - Glebe
Area Ottawa
Zoning R3P[1474]
Rooms
Family Room No
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 Lane
Pool None
Roof Type Asphalt Shingle
Lot Frontage 26.04
Lot Depth 120.0
Total Parking Spaces 4
Building
Foundation Unknown
Others
Senior Community No
ParcelsYN No
Virtual Tour https://www.youtube.com/watch?v=fPiJSY5Pbvg
Listed by EXP REALTY