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Tony & Ledi Real Estate Team

info@tonyledi.com +1(647) 493-3579

Est. payment | -/mo

8 Beds

4 Baths

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Est. payment | -/mo

Save Virtual Tour

8 Beds

4 Baths

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 2000-2500

Subdivision 4401 - Glebe

MLS Listing ID X13105004

Style 3-Storey

Bedrooms 8

Annual Tax Amount $12,052

Tax Year 2025

Property Sub-Type Triplex

Property Description

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.

Location

Province ON

County Ottawa

Area Ottawa

Zoning R3P[1474]

Rooms

Family Room No

Basement Apartment, Partially Finished

Kitchen 4

Interior

Interior Features Accessory Apartment, On Demand Water Heater, Separate Hydro Meter, Water Heater Owned

Cooling Central Air

Exterior

Parking Features Lane

Pool None

Roof Type Asphalt Shingle

Lot Frontage 26.04

Lot Depth 120.0

Total Parking Spaces 4

Building

Foundation Unknown

Others

Senior Community No

ParcelsYN No

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

Listed by EXP REALTY

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info@tonyledi.com

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350 Fifth AVE Glebe - Ottawa East And Area, ON K1S 2N8