350 Fifth Avenue, Ottawa

Heating: Forced air Natural gas
Structure Type: Triplex
Exterior Features: Brick Vinyl siding

Bedrooms: 8
Bathrooms: 4
Type: Townhouse
Added: 3 months ago
Updated: 2 months ago
Last Checked: 2 days ago
Listed by: EXP REALTY
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Listing description
This Townhouse at 350 Fifth Avenue Ottawa, ON with the MLS Number x12184247 listed by Edmundo Roa - EXP REALTY on the Ottawa market 3 months ago at $1,499,900.

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. Currently partially vacant, the property will be delivered completely vacant as of July, giving buyers a limited window to hand-pick tenants and set full market rents. The landlord is holding off on leasing to give the new owner full flexibility but act fast before it leases up again! This charming brick property includes a mix of units, including two spacious 3-bedroom apartments, a 1-bedroom unit, and a self-contained bachelor suite in the basement. The upper units feature high ceilings, large windows, and timeless architectural details that tenants love, along with private south-facing decks for summer enjoyment. All three units have been recently painted, repaired, and refreshed. With an estimated rental potential of $8,000/month, with income from coin-operated laundry and parking, this is a clean slate for investors or live-in owners. The property includes four hydro meters, central heating via a single thermostat, a newly installed, and owned, high-efficiency furnace and hot water on demand system (2025), and an owned coin-operated washer and dryer (2023). 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. (id:1945)

Property Details Key information about 350 Fifth Avenue