350 FIFTH AVENUE, Ottawa
- Multi-Family
- Spacious 8-bedroom layout
- 4-car parking
- Ottawa location
Ask Peter Sagos | REALTOR® about this property
About This Property
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. With the recent addition of central air conditioning, this is 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, a newly installed and owned high-efficiency furnace and on-demand hot water system (2025), newly installed central air conditioning, 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. (id:67440)
Property Details
Building & Features
Building
- Building type
- Triplex
- Storeys
- 3
- Exterior
- Brick, Vinyl siding
- Building features
- Separate Electricity Meters
Interior
- Basement
- Partially finished, Apartment in basement, N/A
- Secondary suite
- Yes
- Bedrooms above grade
- 8
- Heating
- Forced air, Natural gas
- Cooling
- Central air conditioning
- Fireplace
- No
- Appliances
- Water Heater - Tankless, Water Heater
Parking
- Garage and parking
- No Garage
Lot and land
- Lot dimensions
- 26 x 120 FT
- Frontage
- 26 ft
- Lot features
- Lane
- Zoning
- R3P[1474]
- Water
- Municipal water
- Sewer
- Sanitary sewer
Location
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