350 FIFTH AVENUE, Ottawa
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:25961)
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Details
- Features: Lane
- Parking Spaces: 4
- Transaction: For sale
- Zoning Description: R3P[1474]
Building
- Amenities: Separate Electricity Meters
- Appliances: Water Heater - Tankless, Water Heater
- BasementType: N/A, N/A (Partially finished)
- Basement Development: Partially finished
- Basement Features: Apartment in basement
- Bedrooms Main Level: 8
- Cooling: Central air conditioning
- Exterior Finish: Brick, Vinyl siding
- Fireplace Present: False
- Foundation: Unknown
- Bathrooms (Total): 4
- Heating: Forced air
- Heating Fuel: Natural gas
- Size Interior: 2000 - 2500 sqft
- Stories Total: 3
- Type: Triplex
- Utility Water: Municipal water
Land
- Sewer: Sanitary sewer
- Size Depth: 120 ft
- Size Frontage: 26 ft
- Size Irregular: 26 x 120 FT
This property for sale is located at 350 FIFTH AVENUE in Ottawa. It was last modified on July 8th 2026. Let us connect you with one of our real estate agents to schedule a viewing or to discover other Ottawa homes for sale.
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