350 Fifth Avenue offers a rare opportunity to own a legal triplex with a bonus bachelor suite in the heart of the Glebe, just steps from Carleton University, Lansdowne Park, and the Rideau Canal. Two units are now leased beginning September 2025 (Unit 1 at $2,500/month and Unit 3 at $1,650/month), while the remaining units provide flexibility for new tenancies or owner-occupation.This charming brick property features a versatile mix of units: two spacious 3-bedroom apartments, a 1-bedroom unit, and a self-contained bachelor suite in the basement. The upper units showcase high ceilings, large windows, and timeless architectural details that tenants love, along with private south-facing decks for summer enjoyment. All units have been recently painted, repaired, and refreshed.The property has strong rental potential, with income from coin-operated laundry and parking, and an estimated total of up to $8,000/month when fully leased. Utilities are separated with four hydro meters, while heating and hot water are provided through a newly installed, owned, high-efficiency furnace and on-demand system (2025). An owned coin-operated washer and dryer (2023) add further income. Four on-site parking spaces and a co-owned shared driveway complete the package.An exceptional income property in one of Ottawas most sought-after rental markets.
Address
350 Fifth Avenue
List Price
$1,474,800
MLS® Status
New
Expiration Date
2026-06-30
Property Type
Residential Freehold
Type of Dwelling
Triplex
Style of Home
3-Storey
Transaction Type
Sale
Area
Glebe - Ottawa East and Area
Sub-Area
4401 - Glebe
Region
Ottawa
Bedrooms
8
Bedrooms (Total)
8
Rooms Above Grade
13
Bathrooms
4
Floor Area
2000-2500 Sq. Ft.
Lot Size Source
MPAC
Lot Depth
120
Lot Size Units
Feet
Lot Width
26.04
Parcel Number
041420027
Occupant Type
Tenant
Cross Street
Bronson
MLS® Number
X12714588
Listing Brokerage
EXP REALTY
Basement Area
Apartment, Partially Finished
Postal Code
K1S 2N8
Posession Details
TBD
Parking
Lane
Parking Places (Total)
4
Parking Spaces
4
Tax Amount
$12,052.73
Tax Year
2025
Interior Features
Accessory Apartment, On Demand Water Heater, Separate Hydro Meter, Water Heater Owned
Central Vacuum
No
Family Room
No
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Board Or Association
Ottawa Real Estate Board
Heat Source
Gas
Heat Type
Forced Air
Cooling Features
None
Construction Materials
Brick, Vinyl Siding
Direction Faces
South
Fireplace
No
Foundation Details
Unknown
Garage
No
Garage Type
None
Kitchens Total
4
Kitchens Above Grade
4
Pool Features
None
Roof
Asphalt Shingle
Tax Legal Description
PT LT 12, PL 33446 , PART 1, 2 & 5 , 5R8142 , S/S FIFTH AVE W/S GORDON ST; S/T & T/W AS IN NS259992; S/T NS259992 PARTIALLY RELEASED BY NS272789 ; OTTAWA/NEPEAN
Waterfront
No
Sewer
Sewer
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