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Monday, July 27th, 2026

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$3,200,000
Available - For Sale
Listing ID: X13086832
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.
Price $3,200,000
Taxes: $25,940.94
Tax Type: Annual
Occupancy by: Tenant
Address: 72 Fifth Avenue , Glebe - Ottawa East and Area, K1S 2M7, Ottawa
Postal Code: K1S 2M7
Province/State: Ottawa
Directions/Cross Streets: Bank St & Fifth Ave
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Category: Apartment
Use: Apts - 6 To 12 Units
Building Percentage: T
Total Area: 7,901
Total Area Code:  Square Feet
Area Influences: Public Transit  
 Management Expense: 10877
Maintenance: 0
Water Expense: $2725
Net Income Before Debt: $128941
Expenses Actual/Estimated: $Act
Heat Type: Water Radiators
Central Air Conditioning: Partial
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REAL BROKER ONTARIO LTD.

72 Fifth Avenue , Glebe - Ottawa East and Area, K1S 2M7, Ottawa

Evelina Branitsky
Sales Representative
Dir:
647.888.9606
Bus:
416.739.7200
Fax:
416.739.9367

 
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Type: Com - Investment
Area: Ottawa
Municipality: Glebe - Ottawa East and Area
Neighbourhood: 4402 - Glebe
Style:
Lot Size: x 67.86(Feet)
Approximate Age:
Tax: $25,940.94
Maintenance Fee: $0
Beds: 0
Baths: 11
Garage: 0
Fireplace: N
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Evelina Branitsky Sales Representative pic ebranitsky@rogers.com Sutton Group- Admiral Realty Inc., Brokerage Independently owned and operated. pic 1881 Steeles Avenue West, Toronto, Ontario M3H5Y4 pic Dir: 647.888.9606 | Office: 416.739.7200 | Fax: 416.739.9367 Personal Pic

ebranitsky@rogers.com