350 Fifth Avenue Ottawa, Ontario K1S 2N8

$1,588,800

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. (id:43934)

Property Details

MLS® Number	X12184247
Property Type	Multi-family
Community Name	4401 - Glebe
Features	Lane
Parking Space Total	4

Building

Bathroom Total	4
Bedrooms Above Ground	8
Bedrooms Total	8
Amenities	Separate Electricity Meters, Separate Heating Controls
Appliances	Water Heater, Water Heater - Tankless
Basement Development	Partially Finished
Basement Features	Separate Entrance
Basement Type	N/a (partially Finished)
Exterior Finish	Brick, Vinyl Siding
Foundation Type	Unknown
Heating Fuel	Natural Gas
Heating Type	Forced Air
Stories Total	3
Size Interior	2,000 - 2,500 Ft2
Type	Triplex
Utility Water	Municipal Water

Parking

No Garage

Land

Acreage	No
Sewer	Sanitary Sewer
Size Depth	120 Ft
Size Frontage	26 Ft
Size Irregular	26 X 120 Ft
Size Total Text	26 X 120 Ft
Zoning Description	R3p[1474]

https://www.realtor.ca/real-estate/28390607/350-fifth-avenue-ottawa-4401-glebe