255 Fifth Avenue, Glebe - Ottawa East and Area, ON K1S 2N1
$2,200,000
255 Fifth Avenue, Glebe - Ottawa East and Area, ON K1S 2N1, Glebe - Ottawa East and Area, ON
Bed 18
Bath 4
TURNKEY FOURPLEX (GROSS INCOME $144,600/EXPENCES $24,167/NET INCOME $120,432)+ COVETED LOCATION in the heart of The Glebe with it's vibrant lifestyle and unbeatable walkability ~ shops, restaurants, pubs, music venues, bakeries, coffee shops, top-tier schools ~ green space including pathways along the Rideau Canal and several parks including Brown's Inlet Park (with 2 beautiful ponds that flow into the Rideau Canal) and Lansdowne Park, where you can enjoy sports events, concerts, restaurants & community spaces. Easy access to Carleton University, Dows Lake and downtown. PROFITABLE ADDITION to any real estate investment portfolio with steady income and superior LONG-TERM GROWTH POTENTIAL with it's ideal location and easy rentability. Strong demand and FULLY RENTED at market rental rates. Blend of modern conveniences and historic charm make this an ideal owner-occupied property. Great curb appeal with it's all-brick exterior and spacious covered balconies. FOUR UNITS each with 2 storeys, hardwood floors and in-unit laundry ~ 2- 5 bedrooms units and 2- 4 bedroom units. Garage and driveway parking further add to rentability. Visit our 360 tour under attached link "Unbranded Virtual Tour". Do not miss this opportunity to own an excellent investment opportunity in one of Ottawa's top rental markets. Call today for a private viewing and for financials. This is THE ONE!
Property Highlights
For Sale
MLS NO.
X12331780
Type
Residential Freehold
Sub Type
Fourplex
Bedrooms
18
Bathrooms
4
Parking
4.0
Garage
Yes
Complete Property Details
Property Type
Residential Freehold
Sub Type
Fourplex
Transaction Type
For Sale
Status
Expired
Contract Status
Unavailable
MLS® Number
X12331780
Living Area Range
3500-5000
Total Bedrooms
18
Bedrooms Above Grade
12
Bedrooms Below Grade
6
Total Bathrooms
4
Total Kitchens
4
Kitchens Above Grade
4
Rooms Above Grade
25
Rooms Below Grade
8
Interior Features
Carpet Free
Fireplace
No
Central Vacuum Yn
No
Construction
Brick
Roof
Asphalt Shingle
Lot Width
50.0
Parking Total
4.0
Covered Spaces
1.0
Garage Type
Attached
Garage
Yes
Pool
None
Direction Facing
South
Cooling
None
Heat Source
Gas
Heat Type
Forced Air
Internet Address Display Yn
Yes
Internet Entire Listing Display Yn
Yes
Full Address
255 Fifth Avenue, Glebe - Ottawa East and Area, ON K1S 2N1
City
Glebe - Ottawa East and Area
Neighbourhood
4401 - Glebe
County / Region
Ottawa
Province / State
ON
Postal Code
K1S 2N1
Cross Street
FIFTH/ PERCY
Directions
South on Bronson onto Fifth Avenue.
List Price
$2,200,000
Annual Taxes
$12,363
Tax Year
2024
Legal Description
PT LT 69, PL 34756 , N/S FIFTH AV AS IN N614782 ,S/T N614782 ; OTTAWA/NEPEAN
Possession Type
Flexible
Possession Details
Flexible/ Immediate
Listing Office
RE/MAX HALLMARK REALTY GROUP
Board
Ottawa Real Estate Board
Original Entry
2025-08-07T23:07:47Z
Media Updated
2025-08-08T01:12:18Z
Photos Updated
2025-08-08T01:12:18Z
Last Modified
2026-03-20T05:15:30Z
System Modified
2026-03-20T05:15:30.11209Z
MLS Status
Expired
Architectural Style
3-Storey
Basement
Full, Finished
Ddfyn
Yes
Expiration Date
2026-03-19
Foundation Details
Concrete
Heat Source Multi
Gas
Heat Type Multi
Forced Air
Hstapplication
Included In
Occupant Type
Tenant
Originating System Id
A00001796
Parking Spaces
3
Public Remarks
TURNKEY FOURPLEX (GROSS INCOME $144,600/EXPENCES $24,167/NET INCOME $120,432)+ COVETED LOCATION in the heart of The Glebe with it's vibrant lifestyle and unbeatable walkability ~ shops, restaurants, pubs, music venues, bakeries, coffee shops, top-tier schools ~ green space including pathways along the Rideau Canal and several parks including Brown's Inlet Park (with 2 beautiful ponds that flow into the Rideau Canal) and Lansdowne Park, where you can enjoy sports events, concerts, restaurants & community spaces. Easy access to Carleton University, Dows Lake and downtown. PROFITABLE ADDITION to any real estate investment portfolio with steady income and superior LONG-TERM GROWTH POTENTIAL with it's ideal location and easy rentability. Strong demand and FULLY RENTED at market rental rates. Blend of modern conveniences and historic charm make this an ideal owner-occupied property. Great curb appeal with it's all-brick exterior and spacious covered balconies. FOUR UNITS each with 2 storeys, hardwood floors and in-unit laundry ~ 2- 5 bedrooms units and 2- 4 bedroom units. Garage and driveway parking further add to rentability. Visit our 360 tour under attached link "Unbranded Virtual Tour". Do not miss this opportunity to own an excellent investment opportunity in one of Ottawa's top rental markets. Call today for a private viewing and for financials. This is THE ONE!
