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.
Address
72 Fifth Avenue
List Price
$3,200,000
MLS® Status
New
Expiration Date
2026-10-31
Property Type
Commercial
Type of Dwelling
Investment
Transaction Type
Sale
Area
Glebe - Ottawa East and Area
Sub-Area
4402 - Glebe
Region
Ottawa
Bathrooms
11
Lot Depth
67.86
Lot Type
Lot
Lot Size Units
Feet
Lot Width
44.62
Parcel Number
041390017
Total Building Area
7901
Occupant Type
Tenant
Cross Street
Bank St & Fifth Ave
MLS® Number
X13086832
Listing Brokerage
REAL BROKER ONTARIO LTD.
Basement
Yes
Postal Code
K1S 2M7
Posession Details
TBA
Parking Spaces
3
Tax Amount
$25,940.94
Tax Year
2025
Site Influences
Public Transit
Community Features
Public Transit
Standard Status
Active
Board Or Association
Ottawa Real Estate Board
Heat Type
Water Radiators
Cooling Features
Partial
Garage Type
Outside/Surface