72 Fifth Avenue, Glebe - Ottawa East and Area, ON K1S 2M7
Glebe - Ottawa East and Area
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.
Estimate only - excludes property tax, condo fees, utilities and home insurance. Rates vary by lender and term; based on semi-annual compounding.
Walkability, transit, and bike-friendliness for 72 Fifth Avenue, Glebe - Ottawa East and Area, ON K1S 2M7
Provided by Walk Score®. Walk Score, Transit Score, and Bike Score are trademarks of Walk Score.
MLS# X13086832
Listed by REAL BROKER ONTARIO LTD.
On market since May 5, 2026
What comparable homes actually sold for in the last 12 months.
72 Fifth Avenue, Glebe - Ottawa East and Area, ON K1S 2M7 is listed for $3,200,000 CAD.
72 Fifth Avenue, Glebe - Ottawa East and Area, ON K1S 2M7 has 11 bathrooms.
72 Fifth Avenue, Glebe - Ottawa East and Area, ON K1S 2M7 is a Investment, 7,901 sq ft.
72 Fifth Avenue, Glebe - Ottawa East and Area, ON K1S 2M7 is in Glebe - Ottawa East and Area, Ontario.
72 Fifth Avenue, Glebe - Ottawa East and Area, ON K1S 2M7 is currently for sale.
Contact Michael Mezheritsky at +1 (416) 716-4439 to arrange a private showing of 72 Fifth Avenue, Glebe - Ottawa East and Area, ON K1S 2M7 (MLS# X13086832). You can also send a message through the contact form on this site.
