72 Fifth Avenue, Glebe - Ottawa East and Area, ON K1S 2M7
$3,200,000
72 Fifth Avenue, Glebe - Ottawa East and Area, ON K1S 2M7, Glebe - Ottawa East and Area, ON
Bath 11
7901.0 sqft
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.
Property Highlights
For Sale
MLS NO.
X13086832
Type
Commercial
Sub Type
Investment
Bathrooms
11
Square Footage
7901.0 sqft
Complete Property Details
Property Type
Commercial
Sub Type
Investment
Transaction Type
For Sale
Status
Active
Contract Status
Available
MLS® Number
X13086832
Total Bathrooms
11
Lot Width
44.62
Garage Type
Outside/Surface
Cooling
Partial
Heat Type
Water Radiators
Internet Address Display Yn
Yes
Internet Entire Listing Display Yn
Yes
Full Address
72 Fifth Avenue, Glebe - Ottawa East and Area, ON K1S 2M7
City
Glebe - Ottawa East and Area
Neighbourhood
4402 - Glebe
County / Region
Ottawa
Province / State
ON
Postal Code
K1S 2M7
Cross Street
Bank St & Fifth Ave
Directions
South on Bank St, left on Fifth Ave, property on the right.
Country
CA
List Price
$3,200,000
Annual Taxes
$25,941
Tax Year
2025
Possession Type
Flexible
Possession Details
TBA
Listing Office
REAL BROKER ONTARIO LTD.
Board
Ottawa Real Estate Board
Original Entry
2026-05-05T20:33:27Z
Media Updated
2026-05-05T20:33:27Z
Photos Updated
2026-05-05T20:33:27Z
Last Modified
2026-05-05T20:33:27Z
System Modified
2026-05-05T20:33:27.773878Z
MLS Status
New
Basement Yn
Yes
Co List Office Name
REAL BROKER ONTARIO LTD.
Ddfyn
Yes
Expiration Date
2026-10-31
Heat Type Multi
Water Radiators
Hstapplication
Included In
Occupant Type
Tenant
Originating System Id
A00001796
Parcel Number
041390017
Parking Spaces
3
Public Remarks
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.
