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Jacqueline Tai
Engel & Völkers Toronto Central, Brokerage
jacqueline.tai@engelvoelkers.com +1(416) 219-6066$ 1,399,900
Est. payment /mo
Active
350 Fifth AVE Glebe - Ottawa East And Area, ON K1S 2N8
8 Beds
4 Baths
UPDATED:
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 X13105004
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 non-conforming bachelor suite in the heart of the Glebe, just steps from Carleton University, Lansdowne Park, and the Rideau Canal. This charming brick property features a versatile unit mix including two spacious 3-bedroom apartments, a 1-bedroom unit, and a self-contained bachelor suite in the basement. Three units are currently leased, generating stable income with Unit 1 rented at $2,500/month plus hydro, Unit 2 at $2,600/month plus hydro and inclusive of parking, and Unit 3 at $1,650/month plus hydro. Unit 4, the vacant bachelor suite, is currently being offered for lease at $1,100/month inclusive of utilities, providing flexibility for a new tenancy. The upper units showcase high ceilings, large windows, timeless architectural character, and private south-facing decks that tenants love. With the recent addition of central air conditioning, this is an excellent opportunity for investors seeking a quality multi-unit property in one of Ottawa's strongest rental and student housing markets. Additional income is generated through coin-operated laundry and parking. The property includes four hydro meters, a newly installed and owned high-efficiency furnace and on-demand hot water system (2025), newly installed central air conditioning, an owned coin-operated washer and dryer (2023), and four on-site parking spaces. An exceptional investment opportunity in one of Ottawa's most desirable and walkable neighbourhoods.
Location
Province ON
County Ottawa
Area Ottawa
Zoning R3P[1474]
Rooms
Basement Apartment, Partially Finished
Kitchen 4
Interior
Interior Features Accessory Apartment, On Demand Water Heater, Separate Hydro Meter, Water Heater Owned
Cooling Central Air
Exterior
Parking Features None
Pool None
Roof Type Asphalt Shingle
Total Parking Spaces 4
Building
Foundation Unknown
Others
Virtual Tour https://www.youtube.com/watch?v=fPiJSY5Pbvg
Lited by EXP REALTY