Trophy 8-unit multifamily asset
Located in Ottawa's coveted Glebe neighbourhood
3 on-site parking
3 on-site parking
Unit 1 (3-Bed/1.5-Bath/~900sq ft)
Unit 1 (3-Bed/1.5-Bath/~900sq ft)
Unit 1 (3-Bed/1.5-Bath/~900sq ft)
Unit 1 (3-Bed/1.5-Bath/~900sq ft)
Unit 1 (3-Bed/1.5-Bath/~900sq ft)
Unit 2 (1-Bed/1-Bath/~510sq ft)
Unit 2 (1-Bed/1-Bath/~510sq ft)
Unit 2 (1-Bed/1-Bath/~510sq ft)
Unit 3 (1-Bed/1-Bath/~525sq ft)
Unit 3 (1-Bed/1-Bath/~525sq ft)
Unit 3 (1-Bed/1-Bath/~525sq ft)
Unit 3 (1-Bed/1-Bath/~525sq ft)
Unit 3 (1-Bed/1-Bath/~525sq ft)
Unit 3 (1-Bed/1-Bath/~525sq ft)
Unit 4 (1-Bed/1-Bath/~440sq ft)
Unit 4 (1-Bed/1-Bath/~440sq ft)
Unit 4 (1-Bed/1-Bath/~440sq ft)
Unit 4 (1-Bed/1-Bath/~440sq ft)
Unit 6 (3-Bed/1.5-Bath/~905sq ft)
Unit 6 (3-Bed/1.5-Bath/~905sq ft)
Unit 6 (3-Bed/1.5-Bath/~905sq ft)
Unit 6 (3-Bed/1.5-Bath/~905sq ft)
Unit 6 (3-Bed/1.5-Bath/~905sq ft)
Unit 8 (3-Bed/1.5-Bath/~915sq ft)
Unit 8 (3-Bed/1.5-Bath/~915sq ft)
Unit 8 (3-Bed/1.5-Bath/~915sq ft)
Unit 8 (3-Bed/1.5-Bath/~915sq ft)
Unit 8 (3-Bed/1.5-Bath/~915sq ft)
Unit 8 (3-Bed/1.5-Bath/~915sq ft)
Rear lane provides easy parking access
Rear on-site parking
West facing side of building
Secondary exit for unit 3
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72 Fifth Avenue

4402 - Glebe / Glebe - Ottawa East and Area, ON K1S 2M7

ActiveFor Sale
0 Beds
11 Baths
7,901 Sq Ft
Commercial
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About This Property

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.

Property Details

StatusActive
Property TypeCommercial
Listing TypeFor Sale
Interior Size7,901 sq ft
Bedrooms0
Bathrooms11
Postal CodeK1S 2M7
Last UpdatedAug 8, 2026 · 5:30 p.m.

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Features & Amenities

  • View
  • Air Conditioning
  • Basement

TRREB MLS® Attribution

MLS® X13086832

Listed by REAL BROKER ONTARIO LTD.

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). The information contained herein is from sources believed to be reliable but is not guaranteed. Information deemed reliable but not guaranteed accurate by TRREB or Team Filipe / RE/MAX.

$3,200,000

asking price

MLS®X13086832
TypeCommercial
CityGlebe - Ottawa East and Area
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Mortgage Estimate

Est. Monthly Payment

$15,626

/month · $2,560,000 mortgage

Down Payment20% — $640,000
Interest Rate5.5%

Amortization

Total Interest

$2,127,807

Total Cost

$4,687,807

Estimate only. Based on Canadian semi-annual compounding, 25-yr amortization at 5.5%.

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Listed By

REAL BROKER ONTARIO LTD.