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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. Two units are now leased beginning September 1st (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
Rooms
Family Room No
Kitchen 4
Interior
Cooling None
Exterior
Parking Features Lane
Pool None
Roof Type Asphalt Shingle
Building
Foundation Unknown
Others
Virtual Tour https://listings.nextdoorphotos.com/350fifthavenuek1s2n8