350 Fifth Avenue

Glebe - Ottawa East and Area, 4401 - Glebe

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.

This triplex home located at 350 Fifth Avenue, GlebeOttawaEastandArea, ON K1S 2N8 is currently for For Sale and has been available on Wedu.ca for days. This property is listed at CA$1M. It has 8 beds, 4 bathrooms, and is 2000-2500 square feet. The property is N/A years old. 350 Fifth Avenue, GlebeOttawaEastandArea, ON K1S 2N8 is in Glebe - Ottawa East and Area neighborhood 4401 - Glebe.