350 FIFTH AVENUE, Ottawa

2025-05-30
 

Quick Summary

Location
350 FIFTH AVENUE, Ottawa, Ontario K1S2N8
Price
$1,499,900 CAD
Status:
For Sale
Property Type:
Multi-family
Area:
2000 - 2500 sqft
Bedrooms:
8
Bathrooms:
4
Video Link:

MLS®#X12184247

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. (id:32467)

Property Features

Building

  • 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
  • Fireplace: No
  • Interior Size: 2000 - 2500 sqft
  • Building Type: Triplex
  • Stories: 3
  • Utility Water: Municipal water

Features

  • Feature: Lane

Land

  • Land Size: 26 x 120 FT
  • Sewer: Sanitary sewer

Zoning

  • Description: R3P[1474]

Information entered by EXP REALTY
Listing information last updated on: 2025-10-23 00:24:35


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