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255 Fifth Ave 4 Unit Apartment Building $2,450,000 CAD ($612,500 CAD/Unit) 5% Cap Rate Ottawa, ON K1S 4B5
INVESTMENT 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.
- Each of the four multi-storey units features hardwood floors, in-unit laundry, and a blend of modern comfort and historic charm.
- Coveted location with unbeatable walkability to shops, restaurants, parks, schools, and the scenic Rideau Canal.
- Great curb appeal with an all-brick exterior, covered balconies, garage and driveway parking—perfect for owner-occupiers or investors.
EXECUTIVE SUMMARY
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!
PROPERTY FACTS
| Price | $2,450,000 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $612,500 CAD | Building Class | B |
| Sale Type | Investment | Building Size | 5,000 SF |
| Cap Rate | 5% | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1950 |
| Property Subtype | Apartment | Parking Ratio | 1.2/1,000 SF |
| Price | $2,450,000 CAD |
| Price Per Unit | $612,500 CAD |
| Sale Type | Investment |
| Cap Rate | 5% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Building Size | 5,000 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1950 |
| Parking Ratio | 1.2/1,000 SF |
AMENITIES
UNIT AMENITIES
- Washer/Dryer
- Hardwood Floors
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Walk Score®
Walker's Paradise (92)
Bike Score®
Biker's Paradise (100)
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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255 Fifth Ave
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