350 Fifth Avenue, Glebe - Ottawa East and Area, ON K1S 2N8

$1,499,900

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Sep 23, 2025

Glebe - Ottawa East and Area, 4401 - Glebe

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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.

Overview

Property ID: X12184247

Type: Triplex

Bedrooms: 8

Bathrooms: 4

Square: 2,250 m²

Price: $1,499,900

PropertyType: Residential Freehold

TransactionType: For Sale

BuildingAreaUnits: Square Feet

Cooling: None

Heating: Forced Air