350 FIFTH AVENUE

Ottawa, , K1S2N8, Canada

$1,499,900

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.

EXTRAS: Water Heater - Tankless, Water Heater

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

Last updated on : Wednesday 2nd of July 2025 02:40:25 PM

ADDRESS

Street : 350 FIFTH AVENUE

City : Ottawa

Country : Canada

Postal Code : K1S2N8

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PROPERTY SUMMARY

Property ID : X12184247

Building Type : Triplex

Property Type : Multi-family

Bedrooms : 8

Bathrooms : 4

Parking : 4

Parking Type: No Garage

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