350 FIFTH AVENUE

Ottawa, , K1S2N8, Canada

$1,399,900

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, making this 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, central heating through a single thermostat system, a newly installed and owned high-efficiency furnace and on-demand hot water system (2025), 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.

EXTRAS: Water Heater - Tankless, Water Heater

Virtual Tour: https://www.youtube.com/watch?v=fPiJSY5Pbvg

Last updated on : Friday 8th of May 2026 05:15:50 PM

ADDRESS

Street : 350 FIFTH AVENUE

City : Ottawa

Country : Canada

Postal Code : K1S2N8

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PROPERTY SUMMARY

Property ID : X13105004

Building Type : Triplex

Property Type : Multi-family

Bedrooms : 8

Bathrooms : 4

Parking : 4

Parking Type: No Garage

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