For Sale: 72 Fifth Avenue, Ottawa, ON - REW
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$3,200,000
0 bd • 11 ba • 7901 sf • Multifamily
72 Fifth Avenue
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$3,200,000
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72 Fifth AvenueOttawa, ON, K1S 2M7

Glebe - Dows Lake
  • 0 Bed
  • 11 Bath
  • 7901 Sqft
  • Multifamily

About this home

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. (id:63626)
Listed by: Michael Spaull, Salesperson, Real Broker Ontario Ltd.

Home facts and features

Price details
List Price
$3,200,000
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Gross Taxes for 2026
$25,941
Home facts
Bedrooms
0
Full Bathrooms
11
Parking Spaces
3
Property Type
Multifamily
Depth
67.86 feet
Frontage
44.7 feet
Heating Type
Radiator
Cooling
Partially air conditioned
Appliances
Dishwasher, Dryer, Hood Fan, Washer
Community
Agent details
Primary Agent
Michael Spaull
Primary Broker
Real Broker Ontario Ltd.
Secondary Agent
Secondary Broker
Real Broker Ontario Ltd.
Listing details
Days on REW
53 Days
Property Views
98
MLS® Number
X13086832
Source
Canadian Real Estate Association
Board
Ottawa Real Estate Board
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25 Years
Interest Rate
3.99%

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Property Insights

Mutchmor Public School
  • Public
  • JK - 6
Corpus Christi Catholic Elementary School
  • Catholic
  • JK - 6
First Avenue Public School
  • Public
  • JK - 6
Glebe Collegiate Institute
  • Public
  • 9 - 12
Hopewell Avenue Public School
  • Public
  • JK - 8
Glashan Public School
  • Public
  • 7 - 8
Immaculata School
  • Catholic
  • K - 12
Lady Evelyn Alternative School
  • Public
  • JK - 6
Elgin Street Public School
  • Public
  • JK - 6
Cambridge Street Community Public School
  • Public
  • JK - 6
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Call Agent
Salesperson
Michael Spaull
Phone:
(613) 797-5441
Office:
888-311-1172
Salesperson
Christopher Spaull
Phone:
(613) 889-6135
Office:
888-311-1172
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