For Sale

255 Fifth Avenue, Glebe - Ottawa East and Area, Ontario K1S 2N1

$2,450,000

255 Fifth Avenue, Glebe - Ottawa East and Area, Ontario K1S 2N1 is For Sale and has a listing price of 2,450,000. The property is located in the Glebe - Ottawa East and Area . It's been on the website for 39 Days.

  • Fourplex
    Property Type
  • 18
    Bedrooms
  • 4
    Bathrooms
  • MLS ID: X12331780
  • Office Name RE/MAX HALLMARK REALTY GROUP
Property Description

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 Details
  • Property Type: All Houses
  • Listing Type: For Sale
  • Listing ID: X12331780
  • Price: $2,450,000
  • Year Built: 0
  • Lot Area: 0 Sqft
  • Lot Depth: 66
  • Ref ID: X12331780
  • Approx Sqft: 3500-5000
  • Dir / Cross St: FIFTH/ PERCY
  • Status: Active
  • Tax Year: 2024
  • Property Type: Fourplex
  • Property Sub Category: Fourplex
Price History
List Date MLS ID List Price Status End Date Closed Price
08/07/2025 X12331780 $2,450,000 For Sale - -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
Glebe - Ottawa East and Area
  • $1,226,969 Average List Price
    based on 1 year
  • 60 New Listings
    based on 30 days
  • 37 Median Days on Market
    based on 1 year
  • List vs. Selling Price 55.28 % Up
  • Sold (12mo) 172
  • Rented (12mo) 120

  • 1 Month Change -
  • 3 Month Change -21.7%
  • 6 Month Change -
Walkscore
Additional Details
  • Heat Type Forced Air
  • Heat Source Gas
  • Style 3-storey
  • Washroom Type1: 4
  • Garage Type Attached
  • Parking Spaces: 3
  • Exterior Brick
  • Kitchen 4
  • Washrooms Type 1 # Pcs: 4
  • Taxes: $12,363
  • Last Status New
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Possession Remarks: Flexible/ Immediate
  • Listing Entry Date: 07/08/2025 23:07:47
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