Trophy 8-unit multifamily asset More Photos

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    For Sale - 72 Fifth Avenue, Glebe - Ottawa East and Area, Ontario

    Est payment $15,366/mo
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    Views   18
    Time on Jump  152 day

    AI Summary *

    • Prime 8-unit building located in Ottawa's sought-after Glebe neighborhood.
    • Fully leased with a solid mix of unit types for diverse tenants.
    • Recent upgrades include modern kitchens, baths, and efficient systems.
    • Close to Lansdowne Park, amenities, and universities for high demand.
    • Stable income with potential for over $30,000 in annual rental upside.




    Exceptional opportunity to acquire a trophy 8-unit multifamily asset in the heart of the glebe, one of ottawa's most coveted and supply-constrained urban neighbourhoods. This unrivaled location, steps to lansdowne park, bank street amenities, and major employment hubs, offers outstanding walkability and enduring rental appeal, supporting historically low vacancy and highly dependable income. Positioned minutes to downtown offices and between ottawa's two largest universities, the property benefits from strong, consistent demand from both professionals and students. The building is fully leased and features an attractive unit mix of three 3-bedroom + 1. 5-bath units, four 1-bedroom units, and one 2-bedroom unit, along with three on-site parking spaces. Each unit is separately metered with its own electrical panel, providing operational efficiency and tenant independence. The property has been professionally managed and well maintained, benefiting from thoughtful value-add upgrades, including updated kitchens and bathrooms with quartz countertops, stainless steel appliances, tiled backsplashes, and glass shower surrounds. Four units offer in-unit laundry and air conditioning. Major capital improvements include a new main boiler (2015), updated windows and exterior doors (2019), and upgraded electrical wiring and panels within each unit. In addition to stable in-place income, the asset offers over $30,000 in projected annual rental upside through continued unit turnover and optimization. A rare, well-maintained core-plus investment in a high-barrier-to-entry location with strong fundamentals and long-term growth potential.
    Listing IDX13086832
    Address72 Fifth Avenue
    CityGlebe - Ottawa East and Area, Ontario
    Price$3,200,000
    Bath11 Full
    StyleInvestment
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype InvestmentCommunity Features Public TransitBasement 1Heating / Cooling Water Radiators

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    Listing Brokerage: REAL BROKER ONTARIO LTD.

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