350 Fifth Avenue
Glebe - Ottawa East and Area, ON
- 8 bed
- 4 bath
- approx. 2000-2500 sqft
- Triplex
- 121 days on market
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.
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Listing Details
- Taxes (2025)
- $12,053
- Listed
- May 8, 2026
Price History
Listing history
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Property
- Style
- 3-Storey
- Construction
- Brick, Vinyl Siding
- Roof
- Asphalt Shingle
- Foundation
- Unknown
- Interior
- Accessory Apartment, On Demand Water Heater, Separate Hydro Meter, Water Heater Owned
- Lot Size
- 26.04 x 120 Feet
Parking
- Garage
- None
- Covered Spaces
- 0
- Total Parking
- 4
Utilities
- Sewer
- Sewer
- Heat Source
- Gas
Location & Legal
- Cross Street
- Bronson
- Zoning
- R3P[1474]
- Parcel Number
- 041420027
- Possession
- Flexible
- Occupancy
- Tenant
Included
- Exclusions
- Tenants belognings
Schools
Secondary
- Glebe Collegiate Institute0.5 km
Public · Ottawa-Carleton DSB · 1315 students
Grade 10 literacy: 93% met the provincial standard
- Adult High School1.3 km
Public · Ottawa-Carleton DSB · 1010 students
- Richard Pfaff Secondary Alternate Site1.4 km
Public · Ottawa-Carleton DSB · 225 students
Elementary
- Mutchmor Public School0.6 km
Public · Ottawa-Carleton DSB · 425 students
Grade 3 reading: 89% met the provincial standard · Grade 6 math: 77% met the provincial standard
- Corpus Christi Catholic Elementary School0.7 km
Catholic · Ottawa CSB · 225 students
Grade 3 reading: 91% met the provincial standard · Grade 6 math: 46% met the provincial standard
- Hopewell Avenue Public School1.1 km
Public · Ottawa-Carleton DSB · 740 students
Grade 3 reading: 95% met the provincial standard · Grade 6 math: 82% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
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
Residential Freehold in Glebe - Ottawa East and Area · last 12 months
- Median sold price
- $1,042,500
- Homes sold
- 258
- Median days on market
- 15
- Sale-to-list price
- 99.2%
Based on 258 recorded sales of residential freehold properties in Glebe - Ottawa East and Area over the last 12 months.
Listed by
EXP REALTY
Walk Score
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Location
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Mortgage Calculator
$279,980
Estimated Monthly Payment
$6,877
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $6,877/mo (20% down, 5.5%)
Taxes: $1,004/mo · Insurance: $350/mo
Estimates only. Consult a financial advisor.
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