72 Fifth AVE, Glebe - Ottawa East And Area, ON K1S 2M7
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72 Fifth AVE, Glebe - Ottawa East And Area, ON K1S 2M7
72 Fifth AVE, Glebe - Ottawa East And Area, ON K1S 2M7
72 Fifth AVE, Glebe - Ottawa East And Area, ON K1S 2M7
72 Fifth AVE, Glebe - Ottawa East And Area, ON K1S 2M7
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Jethro Seymour

Jethro Seymour

+1(416) 712-0767
$ 3,200,000
Est. payment /mo
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72 Fifth AVE Glebe - Ottawa East And Area, ON K1S 2M7

11 Baths

UPDATED:

Key Details

Property Type Commercial

Sub Type Investment

Listing Status Active

Purchase Type For Sale

Subdivision 4402 - Glebe

MLS Listing ID X13086832

Annual Tax Amount $25,940

Tax Year 2025

Property Sub-Type Investment

Lot Depth 67.86

Lot Front 44.62

Property Description

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.

Location

Province ON

County Ottawa

Area Ottawa

Interior

Cooling Partial

Exterior

Community Features Public Transit

Utilities Available Yes

Lot Frontage 44.62

Lot Depth 67.86

Others

ParcelsYN No

Virtual Tour https://youtu.be/fHLGpI8jjDU

Listed by REAL BROKER ONTARIO LTD.

NEARBY SCHOOLS & PROPERTIES

Jethro Seymour

Jethro Seymour

Broker

+1(416) 712-0767

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72 Fifth AVE

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