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

Est payment $6,722/mo
Views   2
Time on Jump  168 day
  • 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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350 Fifth Avenue
Glebe - Ottawa East and Area , Ontario
8 4 $1,399,900
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