72 FIFTH AVENUE, Ottawa, Ontario, K1S 2M7

MLS® # X13086832

Investment For Sale In Glebe - Dows Lake, Ottawa, Ontario

$3,200,000

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Trophy 8-unit multifamily asset - 72 Fifth Avenue, Ottawa, ON - Outdoor With Facade

Located in Ottawa's coveted Glebe neighbourhood - 72 Fifth Avenue, Ottawa, ON - Outdoor

3 on-site parking - 72 Fifth Avenue, Ottawa, ON - Outdoor With Facade

3 on-site parking - 72 Fifth Avenue, Ottawa, ON - Outdoor With Exterior

Unit 1 (3-Bed/1.5-Bath/~900sq ft) - 72 Fifth Avenue, Ottawa, ON - Indoor With Fireplace

Unit 1 (3-Bed/1.5-Bath/~900sq ft) - 72 Fifth Avenue, Ottawa, ON - Indoor Photo Showing Other Room With Fireplace

Unit 1 (3-Bed/1.5-Bath/~900sq ft) - 72 Fifth Avenue, Ottawa, ON - Indoor Photo Showing Laundry Room

Unit 1 (3-Bed/1.5-Bath/~900sq ft) - 72 Fifth Avenue, Ottawa, ON - Indoor Photo Showing Bathroom

Unit 1 (3-Bed/1.5-Bath/~900sq ft) - 72 Fifth Avenue, Ottawa, ON - Indoor Photo Showing Kitchen With Stainless Steel Kitchen With Upgraded Kitchen

Unit 2 (1-Bed/1-Bath/~510sq ft) - 72 Fifth Avenue, Ottawa, ON - Indoor Photo Showing Office

Unit 2 (1-Bed/1-Bath/~510sq ft) - 72 Fifth Avenue, Ottawa, ON - Indoor Photo Showing Bedroom

Unit 2 (1-Bed/1-Bath/~510sq ft) - 72 Fifth Avenue, Ottawa, ON - Indoor Photo Showing Laundry Room

Unit 3 (1-Bed/1-Bath/~525sq ft) - 72 Fifth Avenue, Ottawa, ON - Indoor Photo Showing Laundry Room

Unit 3 (1-Bed/1-Bath/~525sq ft) - 72 Fifth Avenue, Ottawa, ON - Indoor

Unit 3 (1-Bed/1-Bath/~525sq ft) - 72 Fifth Avenue, Ottawa, ON - Indoor Photo Showing Kitchen With Stainless Steel Kitchen

Unit 3 (1-Bed/1-Bath/~525sq ft) - 72 Fifth Avenue, Ottawa, ON - Indoor Photo Showing Bathroom

Unit 4 (1-Bed/1-Bath/~440sq ft) - 72 Fifth Avenue, Ottawa, ON - Indoor

Unit 4 (1-Bed/1-Bath/~440sq ft) - 72 Fifth Avenue, Ottawa, ON - Indoor Photo Showing Kitchen

Unit 4 (1-Bed/1-Bath/~440sq ft) - 72 Fifth Avenue, Ottawa, ON - Indoor Photo Showing Bedroom

Unit 4 (1-Bed/1-Bath/~440sq ft) - 72 Fifth Avenue, Ottawa, ON - Indoor Photo Showing Bathroom

Unit 6 (3-Bed/1.5-Bath/~905sq ft) - 72 Fifth Avenue, Ottawa, ON - Indoor Photo Showing Laundry Room

Unit 6 (3-Bed/1.5-Bath/~905sq ft) - 72 Fifth Avenue, Ottawa, ON - Indoor

Unit 6 (3-Bed/1.5-Bath/~905sq ft) - 72 Fifth Avenue, Ottawa, ON - Indoor Photo Showing Kitchen With Upgraded Kitchen

Unit 6 (3-Bed/1.5-Bath/~905sq ft) - 72 Fifth Avenue, Ottawa, ON - Indoor Photo Showing Bathroom

Unit 8 (3-Bed/1.5-Bath/~915sq ft) - 72 Fifth Avenue, Ottawa, ON - Indoor

Unit 8 (3-Bed/1.5-Bath/~915sq ft) - 72 Fifth Avenue, Ottawa, ON - Indoor Photo Showing Kitchen With Stainless Steel Kitchen

Unit 8 (3-Bed/1.5-Bath/~915sq ft) - 72 Fifth Avenue, Ottawa, ON - Indoor Photo Showing Kitchen With Stainless Steel Kitchen With Upgraded Kitchen

Unit 8 (3-Bed/1.5-Bath/~915sq ft) - 72 Fifth Avenue, Ottawa, ON - Indoor Photo Showing Laundry Room

Unit 8 (3-Bed/1.5-Bath/~915sq ft) - 72 Fifth Avenue, Ottawa, ON - Indoor Photo Showing Bathroom

Rear lane provides easy parking access - 72 Fifth Avenue, Ottawa, ON - Outdoor

Rear on-site parking - 72 Fifth Avenue, Ottawa, ON - Outdoor With Exterior

West facing side of building - 72 Fifth Avenue, Ottawa, ON - Outdoor

Secondary exit for unit 3 - 72 Fifth Avenue, Ottawa, ON -

72 Fifth Avenue, Ottawa, ON - Outdoor With View

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72 FIFTH AVENUE, Ottawa, Ontario, K1S 2M7

$3,200,000

Property Information:

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. (id:27)