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. (id:25961)
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Rooms
| Level | Type | Dimensions |
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Details
- Features: Lane
- Parking Spaces: 4
- Transaction: For sale
- Zoning Description: R3P[1474]
Building
- Amenities: Separate Electricity Meters
- Appliances: Water Heater - Tankless, Water Heater
- BasementType: N/A, N/A (Partially finished)
- Basement Development: Partially finished
- Basement Features: Apartment in basement
- Bedrooms Main Level: 8
- Cooling: None
- Exterior Finish: Brick, Vinyl siding
- Fireplace Present: False
- Foundation: Unknown
- Bathrooms (Total): 4
- Heating: Forced air
- Heating Fuel: Natural gas
- Size Interior: 2000 - 2500 sqft
- Stories Total: 3
- Type: Triplex
- Utility Water: Municipal water
Land
- Sewer: Sanitary sewer
- Size Frontage: 26 ft
- Size Irregular: 26 x 120 FT
Listing provided by EXP REALTY
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 350 FIFTH AVENUE in Ottawa Ontario. It was last modified on May 8th, 2026. Contact the Nancy Wright Team to schedule a viewing or to discover other Ottawa homes for sale.