MLS#: X12184247Listed: 8 months agoUpdated:3 months ago
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. (id:58075)
Details
Details for 350 Fifth Avenue, Ottawa, Ontario
Property Type
Multi Family
Building Type
Triplex
Storeys
3
Neighborhood
4401 - Glebe
Land Size
26 x 120 FT
Year Built
-
Annual Property Taxes
$12,053
Parking Type
No Garage
Inside
Appliances
Water Heater - Tankless, Water Heater
Rooms
-
Bedrooms
8
Bathrooms
4
Fireplace
-
Fireplace Total
-
Basement
Partially finished, Separate entrance, N/A, N/A
Building
Architecture Style
-
Direction
Cross Streets: Bronson. ** Directions: Bronson to Fifth Avenue.