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    For Sale - 350 Fifth Avenue, Glebe - Ottawa East and Area, Ontario

    Est payment $6,722/mo
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    Views   2
    Time on Jump  149 day

    AI Summary *

    • Legal triplex with a bonus bachelor suite in a prime location.
    • Three leased units generating stable rental income for investors.
    • Upper units feature high ceilings and private south-facing decks.
    • Recent updates include central air conditioning and a new furnace.
    • Additional income from coin-operated laundry and four parking spaces.




    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. With the recent addition of central air conditioning, this is 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, a newly installed and owned high-efficiency furnace and on-demand hot water system (2025), newly installed central air conditioning, 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.
    Listing IDX13105004
    Address350 Fifth Avenue
    CityGlebe - Ottawa East and Area, Ontario
    Price$1,399,900
    Bed / Bath8 / 4 Full
    Style3-Storey, Triplex
    ConstructionBrick, Vinyl Siding
    TypeMulti-Family
    StatusFor Sale

    Subtype TriplexIndoor Features Accessory Apartment, On Demand Water Heater, Separate Hydro Meter, Water Heater OwnedOwnership FreeholdBasement Apartment, Partially FinishedFoundation UnknownHeating / Cooling Forced AirHeating Fuel GasSewer Sewer

    Parking 4.00
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    Listing Brokerage: EXP REALTY

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    350 Fifth Avenue
    Glebe - Ottawa East and Area , Ontario
    8 4 $1,399,900
    Get more info