Mirna Botros
613-600-262672 Fifth Avenue - $3,200,000
72 Fifth Avenue - $3,200,000
72 Fifth Avenue
$3,200,000
4402 - Glebe
Ottawa, OntarioK1S2M7
0 beds
11 baths
3 parking
MLS#: X13086832Listed: about 3 hours agoUpdated:about 3 hours ago
Description
Exceptional opportunity to acquire a trophy 8-unit multifamily asset in the heart of The Glebe, one of Ottawa's most coveted and supply-constrained urban neighbourhoods. This unrivaled location, steps to Lansdowne Park, Bank Street amenities, and major employment hubs, offers outstanding walkability and enduring rental appeal, supporting historically low vacancy and highly dependable income. Positioned minutes to downtown offices and between Ottawa's two largest universities, the property benefits from strong, consistent demand from both professionals and students. The building is FULLY LEASED and features an attractive unit mix of three 3-bedroom + 1.5-bath units, four 1-bedroom units, and one 2-bedroom unit, along with three on-site parking spaces. Each unit is separately metered with its own electrical panel, providing operational efficiency and tenant independence. The property has been professionally managed and well maintained, benefiting from thoughtful value-add upgrades, including updated kitchens and bathrooms with quartz countertops, stainless steel appliances, tiled backsplashes, and glass shower surrounds. Four units offer in-unit laundry and air conditioning. Major capital improvements include a new main boiler (2015), updated windows and exterior doors (2019), and upgraded electrical wiring and panels within each unit. In addition to stable in-place income, the asset offers over $30,000 in projected annual rental upside through continued unit turnover and optimization. A RARE, well-maintained core-plus investment in a high-barrier-to-entry location with strong fundamentals and long-term growth potential. (id:58075)Details
Details for 72 Fifth Avenue, Ottawa, Ontario- Property Type
- Multi Family
- Building Type
- Multi Family
- Storeys
- -
- Neighborhood
- 4402 - Glebe
- Land Size
- 44.62 x 67.86 FT
- Year Built
- -
- Annual Property Taxes
- $25,941
- Parking Type
- -
Inside
- Appliances
- Washer, Dishwasher, Dryer, Hood Fan
- Rooms
- -
- Bedrooms
- -
- Bathrooms
- 11
- Fireplace
- -
- Fireplace Total
- -
- Basement
- -
Building
- Architecture Style
- -
- Direction
- Cross Streets: Bank St & Fifth Ave. ** Directions: South on Bank St, left on Fifth Ave, property on the right.
- Type of Dwelling
- multi_family
- Roof
- -
- Exterior
- -
- Foundation
- -
- Flooring
- -
Land
- Sewer
- -
- Lot Size
- 44.62 x 67.86 FT
- Zoning
- -
- Zoning Description
- N4B
Parking
- Features
- -
- Total Parking
- 3
Utilities
- Cooling
- Partially air conditioned
- Heating
- Radiator
- Water
- Municipal water
Feature Highlights
- Community
- -
- Lot Features
- -
- Security
- -
- Pool
- -
- Waterfront
- -
Rooms
Rooms for 72 Fifth Avenue, Ottawa, OntarioMap
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