350 Fifth Avenue, Glebe - Ottawa East and Area, ON K1S 2N8
Glebe - Ottawa East and Area, ON, K1S 2N8 · 4401 - Glebe
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.
Features & Amenities
- Basement: Apartment, Partially Finished
- Garage: None
- Cooling: Central Air
- Heat Type: Forced Air
- Heat Source: Gas
- Style: 3-Storey
- Construction: Brick, Vinyl Siding
- Sewer: Sewer
Property Details
| Property Type | Residential Freehold |
|---|---|
| Property Sub-Type | Triplex |
| Architectural Style | 3-Storey |
| Bedrooms | 8 |
| Bathrooms | 4 |
| Basement | Apartment, Partially Finished |
| Garage | None |
| Parking Spaces | 4 |
| Heat Type | Forced Air |
| Heat Source | Gas |
| Cooling | Central Air |
| Sewer | Sewer |
| Annual Tax | $12,053 |
| Tax Year | 2025 |
Interior Features
- Interior Features
- Accessory Apartment, On Demand Water Heater, Separate Hydro Meter, Water Heater Owned
Exterior Features
- Pool Features
- None
Building & Construction
- Architectural Style
- 3-Storey
- Construction Materials
- Brick, Vinyl Siding
- Foundation Details
- Unknown
- Roof
- Asphalt Shingle
- Basement
- Apartment, Partially Finished
Heating & Cooling
- Heat Type
- Forced Air
- Heat Source
- Gas
- Cooling
- Central Air
Parking & Garage
- Garage Type
- None
- Parking Spaces
- 4
- Parking Total
- 4.00
- Parking Features
- Lane
- Covered Spaces
- 0
Lot & Land
- Lot Size Units
- Feet
- Lot Depth
- 120.00
- Lot Width
- 26.04
Financial & Tax
- Tax Annual Amount
- $12,053
- Tax Year
- 2025
- Possession Type
- Flexible
- Possession Details
- TBD
Utilities & Services
- Sewer
- Sewer
Room Details
- Rooms Above Grade
- 13
- Kitchens Above Grade
- 4
- Kitchens Total
- 4
- Bedrooms Above Grade
- 8
Additional Details
- Occupant Type
- Tenant
- Direction Faces
- South
- County Or Parish
- Ottawa
- Cross Street
- Bronson
- Directions
- Bronson to Fifth Avenue
- Special Designation
- Unknown
- Showing Requirements
- Go Direct
Location
350 Fifth Avenue, Glebe - Ottawa East and Area, ON K1S 2N8, Glebe - Ottawa East and Area, ON, K1S 2N8