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Max Ortoli

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$ 1,588,800

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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 X12184247

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 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.

Location

State ON

County Ottawa

Community 4401 - Glebe

Area Ottawa

Zoning R3P[1474]

Rooms

Family Room No

Basement Partially Finished, Separate Entrance

Kitchen 4

Interior

Interior Features Water Heater Owned, Separate Hydro Meter, Separate Heating Controls, On Demand Water Heater, Accessory Apartment

Cooling None

Exterior

Parking Features Lane

Pool None

Roof Type Asphalt Shingle

Lot Frontage 26.04

Lot Depth 120.0

Total Parking Spaces 4

Building

Foundation Unknown

Others

Senior Community No

Virtual Tour https://listings.nextdoorphotos.com/350fifthavenuek1s2n8

Listed by EXP REALTY

Max Ortoli

+1(416) 398-1111

Max Ortoli

350 Fifth AVE Glebe - Ottawa East And Area, ON K1S 2N8

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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350 Fifth AVE