350 FIFTH AVENUE, Ottawa
- Multi-Family
- Spacious 8-bedroom layout
- 4-car parking
- Ottawa location
Ask Peter Sagos 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:66401)
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
Interested in This Property?
Message
Send us a message
Your message goes to Right at Home Realty, Brokerage, which runs this website, not to the listing brokerage.
Listing content is protected by copyright and is intended for private, non-commercial use.