350 Fifth Avenue, Glebe - Ottawa East and Area, ON K1S 2N8
Ottawa County
Key Facts
Description
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.
Property Information
Property Type
Residential Income
Sub-Type
Triplex
Style
3-Storey
Stories
3
Lot Dimensions
26.04x120.0
Parking Spaces
4
MLS® Listing#
X13105004
Property Features
Appliances
Cooling
Heating
Basement
Pool
Construction
Roof
Financial Details
Annual Taxes
CA$12,053
Tax year 2025
Parcel Number
041420027
Directions
Bronson to Fifth Avenue
Affordability Calculator
$279,980
Estimated monthly payment
$7,451/mo
Principal $1,119,920 · Est. interest $1,562,388 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Glebe - Ottawa East and Area, ON
- CA$667,573
- Median Listing Price
- 44
- Median Days on Market
- 1,300
- Median Sq Ft
- CA$467
- Median Price / Sq Ft
- 10,709
- Active Listings
- This home’s price is 110% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Glebe - Ottawa East and Area, ON.
Location
Points of Interest in Glebe - Ottawa East and Area, ON
Showing the Glebe - Ottawa East and Area area map.
Nearby Schools
Glebe Collegiate Institute
Secondary · 0.5 km away
Mutchmor Public School
Elementary · 0.6 km away
Corpus Christi Catholic School
Elementary · 0.6 km away
Glebe Cooperative Nursery School
School · 0.7 km away
Glebe Montessori School
Secondary · 0.7 km away
Talking Shop Ottawa
School · 0.9 km away
Azrieli Pavillion
School · 1.0 km away
Hopewell Avenue Public School
Elementary · 1.1 km away
The Element
Secondary · 1.2 km away
Sunnyside Footsteps
School · 1.2 km away
Acorn Early Learning Centre
School · 1.2 km away
Adult High School
Secondary · 1.3 km away
St Anthony Catholic School
Elementary · 1.3 km away
First Avenue Public School
Elementary · 1.3 km away
Glashan Public School
Secondary · 1.4 km away
Astolot Educational Centre
Secondary · 1.4 km away
Cambridge Street Community Public School
Elementary · 1.4 km away
Richard Psass Alternate School
Secondary · 1.4 km away
Ecole Elementaire Publique Louise-Arbour
Elementary · 1.5 km away
Heritage Academy
School · 1.5 km away
Commute Calculator
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| 237 PICKERING STREET, Toronto (East End-Danforth), ON | CA$999,000 | 7 | 3 | — |
