166 Fifth Avenue

Introducing a remarkable opportunity to acquire a Multi-Family Home for sale in Ottawa , located at 166 Fifth Avenue, Ottawa. This exceptional three-storey duplex is situated in the heart of the Glebe, one of Ottawa's most desirable neighbourhoods. With its charming brick and stucco exterior, this property seamlessly combines character with modern updates, making it an ideal investment or a perfect residence for those seeking a vibrant community lifestyle.

As you approach 166 Fifth Avenue, Ottawa, you will appreciate the prime location just west of Bank Street, where you can enjoy the convenience of being mere steps away from Lansdowne Park. This bustling area offers a plethora of shops, restaurants, cafés, and recreational activities, as well as easy access to the picturesque canal and excellent schools. The Glebe community is known for its lively atmosphere and strong sense of belonging, making this Multi-Family Home for sale in Ottawa a truly enticing prospect.

This property boasts a total of 14 rooms, including four well-sized bedrooms and two bathrooms, catering to the needs of families or individuals seeking ample space. The main floor unit features a two-bedroom layout with an alcove that is thoughtfully designed with a built-in desk, perfect for a home office setup. The renovated kitchen is a highlight, complemented by an updated bathroom and bright living and dining areas. This unit also enjoys exclusive access to a large deck and a private backyard, creating an ideal space for outdoor relaxation or entertaining. Currently rented at $2,350 per month, this unit offers a steady income stream for potential investors.

The upper two-level unit of this Multi-Family Home for sale in Ottawa is equally impressive. It features a well-appointed bedroom on the main level, leading to a spacious and airy living and dining area that is flooded with natural light. A private balcony extends the living space outdoors, providing a serene spot to unwind. Ascending to the third floor, you will find a second bedroom along with a bonus room that can serve as an office, den, or an additional guest bedroom. This unit is currently rented at $2,520 per month, further enhancing the investment potential of this property.

While this Multi-Family Home for sale in Ottawa does not include a central vacuum system, air conditioning, or a fireplace, it does offer essential amenities such as internet connectivity, municipal water, and sewer services. The heating is provided via a water system, ensuring comfort throughout the colder months. The full, unfinished basement presents additional potential for storage or future development, allowing new owners to tailor the space to their needs.

The lot measures an impressive 26 by 89 feet, providing ample outdoor space while maintaining a manageable footprint. Although there is no garage, the property features a private driveway with parking space for one vehicle, ensuring convenience for residents and guests alike.

In summary, 166 Fifth Avenue, Ottawa, presents a unique opportunity to own a Multi-Family Home for sale in Ottawa that is perfectly positioned in the vibrant Glebe community. With its combination of character, modern amenities, and an unbeatable location, this property is not only a fantastic investment but also a wonderful place to call home. Whether you are looking to expand your property portfolio or seeking a residence that embodies the essence of community living, this multi-family home stands out as a prime choice. Don’t miss your chance to secure this exceptional property in one of Ottawa's most sought-after areas.

Glebe, designated as 4401, is a charming and vibrant neighbourhood in Ottawa, renowned for its picturesque tree-lined streets and a strong sense of local character. Nestled along the Rideau Canal, it offers a delightful blend of historic architecture and modern amenities, making it an appealing choice for prospective residents. The area boasts an array of boutique shops, eclectic cafes, and diverse dining options, alongside lush parks and recreational spaces that encourage an active lifestyle. With its close proximity to downtown Ottawa and excellent public transport links, Glebe provides both a serene suburban atmosphere and the convenience of urban living, making it an ideal place for those seeking a balanced and enriching environment.

Schools in the Neighbourhood

This property is conveniently located near several reputable schools, making it an excellent choice for families. The closest option is Mutchmor Public School, just 0.2 km away, offering French-language education for grades JK to 6, with a strong school rating of 8.4. First Avenue Public School, located 0.6 km from the property, provides English-language instruction for grades JK to 6 and boasts a commendable rating of 8.5. For older students, Glebe Collegiate Institute is a nearby secondary school (0.7 km away) with a rating of 7.7, catering to grades 9 to 12. Additionally, Hopewell Avenue Public School, 0.9 km away, offers French-language education for grades JK to 8 and has an impressive rating of 9. Glashan Public School, situated 1.0 km from the property, serves grades 7 to 8 but currently has no rating. Lastly, Corpus Christi School and Immaculata High School, both within a 1.2 km radius, provide Catholic education options for younger and older students, respectively. Overall, this area offers a diverse range of educational opportunities for children, ensuring a supportive learning environment close to home.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 612 residents, with an average household size of 2.2 individuals. The demographic profile reveals an average age of 37.6 years and a robust average household income of $140,000, indicating a relatively affluent community. Notably, only 5.2% of the population is classified as low-income. The average property price in the area is approximately $1,080,000, reflecting the high value of real estate. The community is characterized by a diverse social structure, with 50.94% of residents being single and 40% living in households with children. Renters comprise a significant portion of the population at 55.56%, while condominiums make up 9.26% of housing options. Educational attainment is high, with 71.43% of residents holding a college or university degree. Additionally, 7.87% of the population are immigrants, contributing to the area's cultural diversity. However, a notable 23.81% of residents are not in the labor force, which may reflect various socioeconomic factors at play. Overall, this demographic snapshot highlights a well-educated, predominantly single, and relatively affluent community with a significant proportion of renters and families.