72 Fifth Avenue
Glebe - Ottawa East and Area, ON
- 11 bath
- 7,901 sqft
- Investment
Exceptional opportunity to acquire a trophy 8-unit multifamily asset in the heart of The Glebe, one of Ottawa's most coveted and supply-constrained urban neighbourhoods. This unrivaled location, steps to Lansdowne Park, Bank Street amenities, and major employment hubs, offers outstanding walkability and enduring rental appeal, supporting historically low vacancy and highly dependable income. Positioned minutes to downtown offices and between Ottawa's two largest universities, the property benefits from strong, consistent demand from both professionals and students. The building is FULLY LEASED and features an attractive unit mix of three 3-bedroom + 1.5-bath units, four 1-bedroom units, and one 2-bedroom unit, along with three on-site parking spaces. Each unit is separately metered with its own electrical panel, providing operational efficiency and tenant independence. The property has been professionally managed and well maintained, benefiting from thoughtful value-add upgrades, including updated kitchens and bathrooms with quartz countertops, stainless steel appliances, tiled backsplashes, and glass shower surrounds. Four units offer in-unit laundry and air conditioning. Major capital improvements include a new main boiler (2015), updated windows and exterior doors (2019), and upgraded electrical wiring and panels within each unit. In addition to stable in-place income, the asset offers over $30,000 in projected annual rental upside through continued unit turnover and optimization. A RARE, well-maintained core-plus investment in a high-barrier-to-entry location with strong fundamentals and long-term growth potential.
Virtual Tour
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Listing Details
- Taxes (2025)
- $25,941
- Listed
- May 5, 2026
Price History
Property
- Lot Size
- 44.62 x 67.86 Feet
Parking
- Garage
- Outside/Surface
Location & Legal
- Cross Street
- Bank St & Fifth Ave
- Zoning
- N4B
- Parcel Number
- 041390017
- Possession
- Flexible
- Occupancy
- Tenant
Commercial
- Business Type
- Apts - 6 To 12 Units
Included
- Inclusions
- 8 fridges, 8 stoves, 4 dishwashers, 8 range hoods, 5 washers, 5 dryers, 1 coin-operated washer and dryer
- Exclusions
- Tenant's possessions
- Rental Items
- 8 Hot Water Tanks
Community
Postal area K1S
- Population
- 31,257
- Private dwellings
- 15,662
- Median age
- 39.2
- Average household size
- 2.1
- Median household income
- $106,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Commercial in Glebe - Ottawa East and Area · last 12 months
- Median sold price
- $1,025,000
- Homes sold
- 259
- Median days on market
- 16
- Sale-to-list price
- 98.8%
Based on 259 recorded sales of commercial properties in Glebe - Ottawa East and Area over the last 12 months.
Listed by
REAL BROKER ONTARIO LTD.
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Commercial figures
- Building area
- 7,901 sq ft
- Price per sq ft
- $405.01
- Annual property tax
- $25,941
- Tax per sq ft
- $3.28
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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