350 Fifth AVE new Save Request In-Person Tour Request Virtual Tour
Glebe - Ottawa East And Area,ON K1S 2N8
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 X12184247
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. Currently partially vacant, the property will be delivered completely vacant as of July, giving buyers a limited window to hand-pick tenants and set full market rents. The landlord is holding off on leasing to give the new owner full flexibility but act fast before it leases up again! This charming brick property includes a mix of units, including two spacious 3-bedroom apartments, a 1-bedroom unit, and a self-contained bachelor suite in the basement. The upper units feature high ceilings, large windows, and timeless architectural details that tenants love, along with private south-facing decks for summer enjoyment. All three units have been recently painted, repaired, and refreshed. With an estimated rental potential of $8,000/month, with income from coin-operated laundry and parking, this is a clean slate for investors or live-in owners. The property includes four hydro meters, central heating via a single thermostat, a newly installed, and owned, high-efficiency furnace and hot water on demand system (2025), and an owned coin-operated washer and dryer (2023). 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
Rooms
Family Room No
Basement Partially Finished,Separate Entrance
Kitchen 4
Interior
Interior Features Water Heater Owned,Separate Hydro Meter,Separate Heating Controls,On Demand Water Heater,Accessory Apartment
Cooling None
Fireplace No
Heat Source Gas
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
Virtual Tour https://listings.nextdoorphotos.com/350fifthavenuek1s2n8