255 Fifth Ave - Apartments FOR SALE


Ottawa, ON K1S 4B5- Downtown
$2,450,000 CAD
613-762-1763

NO PHOTO

$2,450,000 CAD
Apartments - FOR SALE
null | 5% Cap Rate

255 Fifth Ave
Ottawa, ON K1S 4B5
Downtown


HIGHLIGHTS

  • Turnkey fourplex in The Glebe with a 5% cap rate, fully rented at market rates and ideal for investors seeking strong long-term growth.
  • Coveted location with unbeatable walkability to shops, restaurants, parks, schools, and the scenic Rideau Canal.
  • Each of the four multi-storey units features hardwood floors, in-unit laundry, and a blend of modern comfort and historic charm.
  • Great curb appeal with an all-brick exterior, covered balconies, garage and driveway parking—perfect for owner-occupiers or investors.

OVERVIEW

TURNKEY FOURPLEX + 5% CAP RATE + 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!

FOR SALE DETAILS

PRICE

$2,450,000 CAD

PRICE/SF

$490 CAD /SF

# OF UNITS

4

PRICE/UNIT

$612,500

CAP RATE

5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

PARKING SPACES

6

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Todd LyonsRe/Max Hallmark Realty GroupMore Info
613-762-1763

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Todd LyonsRe/Max Hallmark Realty GroupMore Info
613-762-1763

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.