Salehian.com 647-325-5000

72 Fifth Avenue

4402 - Glebe, Glebe - Ottawa East and Area, K1S 2M7

$3,200,000

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  • 11 bathrooms

Listed 168 days ago · MLS® X13086832

About this home

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.

Details

Type
Investment
Lot
44.62 × 67.86 ft
Garage
Outside/Surface
Property tax
$25,941 (2025)
Neighbourhood
4402 - Glebe
Municipality
Glebe - Ottawa East and Area

Interior

Bathrooms
11 × bathroom

Heating, cooling and services

Heating
Water Radiators
Air conditioning
Partial
Utilities
Yes

Building and exterior

Building area
7,901 Square Feet

More

Possession
TBA
Cross street
Bank St & Fifth Ave
Business type
Apts - 6 To 12 Units

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

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The neighbourhood

Getting around Very walkable

  • 🚇 Dow's Lake / Lac Dow LRT1.9 km
  • 🚇 Carleton LRT2.0 km

Within a 10-minute walk: 4 grocery stores, 56 cafés and restaurants, 12 parks, 5 pharmacies. Nearest grocery: Il Negozio Nicastro (200 m). Nearest park: Lionel Britton Park (250 m).

Schools nearby

Elementary

  • The Element Private5 min walk
  • Mutchmor Public School
    EQAO: Gr 6 reading 100%, math 77%    6 min walk
  • Corpus Christi School Catholic
    EQAO: Gr 6 reading 88%, math 46%    6 min walk
  • First Avenue Public School
    EQAO: Gr 6 reading 93%, math 67%    7 min walk

Secondary

  • Glebe Collegiate Institute
    EQAO: Gr 9 math 74%, literacy test 93%    14 min walk
  • Glashan Public School15 min walk
  • Immaculata High School Catholic
    EQAO: Gr 9 math 55%, literacy test 87%    16 min walk

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area K1S

Owners / renters
51% / 49%
Median household income
$106,000
Average age
41
Children under 15
12%
Homes
30% detached, 28% high-rise
Commute by transit
13%
Population
31,257

Languages spoken most at home besides English: Mandarin 1.6%, Arabic 0.6%, Spanish 0.6%, Iranian Persian 0.4%.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario).

Living here

Commute

To downtown Ottawa: 3 km. Transit times · Driving times

Noise Nothing major nearby

No highway within 500 m, rail line within 300 m, or airport flight path nearby.

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by REAL BROKER ONTARIO LTD..

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

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