72 FIFTH AVENUE, Ottawa
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:25961)
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Details
- Amenities Nearby: Public Transit
- Equipment: Water Heater
- Parking Spaces: 3
- Rental Equipment: Water Heater
- Transaction: For sale
- Zoning Description: N4B
Building
- Appliances: Dishwasher, Dryer, Hood Fan, Washer
- Cooling: Partially air conditioned
- Fireplace Present: False
- Bathrooms (Total): 11
- Heating: Radiator
- Size Interior: 7901 sqft
- Type: Multi-Family
- Utility Water: Municipal water
Land
- Amenities: Public Transit
- Size Depth: 67 ft ,10 in
- Size Frontage: 44 ft ,7 in
- Size Irregular: 44.62 x 67.86 FT
This property for sale is located at 72 FIFTH AVENUE in Ottawa. It was last modified on May 24th 2026. Let us connect you with one of our real estate agents to schedule a viewing or to discover other Ottawa real estate for sale.
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