350 Fifth Avenue, Ottawa, ON, K1S 2N8

Property Details: - Type: Triplex - Bedrooms: 8 - Bathrooms: 4 - MLS#: X13105004 Listed By: EXP REALTY

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, making this 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, central heating through a single thermostat system, a newly installed and owned high-efficiency furnace and on-demand hot water system (2025), 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. This triplex home located at 350 Fifth Avenue, Ottawa is currently for sale and has been available on Zolo.ca for 0 day. This property is listed at $1,399,900 with an estimated mortgage of $5,153* per month. It has 8 beds, 4 bathrooms, and is 2000-2500 square feet. 350 Fifth Avenue, Ottawa is in the Glebe neighborhood Ottawa. THE GLEBE, Centre Town and CENTRETOWN are nearby neighborhoods.