350 Fifth Avenue Ottawa, Ontario K1S 2N8

$1,499,900

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. (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), N/a
Cooling Type	None
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