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Home ON Ottawa - Gatineau Ottawa Glebe - Dows Lake
255 FIFTH AVENUE
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255 FIFTH AVENUE $2,200,000
$2,200,000
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255 FIFTH AVENUE
Ottawa, Ontario K1S2N1

MLS® Number: X12331780
12 + 6
Bedrooms
4
Bathrooms
3500 - 5000
Square Feet

Listing Description

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! (41037686)

Location Description

Cross Streets: FIFTH/ PERCY. ** Directions: South on Bronson onto Fifth Avenue.

Property Summary

Property Type
Multi-family
Building Type
Fourplex
Storeys
3
Square Footage
3500 - 5000 sqft
Community Name
4401 - Glebe
Land Size
50 x 66 FT
Annual Property Taxes
$12,362.96
Parking Type
Attached Garage, Garage
Time on REALTOR.ca
130 days

Building

Bedrooms
Above Grade
12
Below Grade
6
Bathrooms
Total
4
Interior Features
Appliances Included
Dryer, Stove, Washer, Refrigerator
Basement Type
Full (Finished)
Building Features
Features
Carpet Free
Foundation Type
Concrete
Rental Equipment
Water Heater
Structures
Deck
Heating & Cooling
Cooling
None
Heating Type
Forced air (Natural gas)
Utilities
Utility Sewer
Sanitary sewer
Water
Municipal water
Exterior Features
Exterior Finish
Brick
Parking
Parking Type
Attached Garage, Garage
Total Parking Spaces
4

Measurements

Square Footage
3500 - 5000 sqft

Land

Lot Features
Frontage
50 ft
Land Depth
66 ft
Data provided by: Ottawa Real Estate Board
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