386-388 First Avenue
Ottawa (Glebe), ON K1S 2H1
- 7Bedrooms
- 4Bathrooms
- 12Parking
- 3000–3500Sq Ft
- $12,872Tax
- 61×103 ftLot Size
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About 386-388 First Avenue, Ottawa, Glebe
Summarized Description
- Two semi-detached homes in The Glebe.
- Ideal for rental income or multi-generational living.
- Each home has a private backyard and garage.
- Versatile third-floor loft for various uses.
- Close to amenities, schools, and public transit.
- Potential for conversion into triplex or fourplex.
- Steps away from the upcoming Civic Hospital Campus.
- Character-filled property in a high-demand rental market.
Welcome to 386-388 First Avenue! An exceptional opportunity to own TWO charming SEMI-DETACHED homes or DOUBLE SIDE-BY-SIDE in the heart of The Glebe, one of Ottawa's most sought-after urban neighbourhoods. Live in one and rent the other, or rent both. 386 First Avenue features a warm and inviting living room with a wood-burning fireplace, formal dining room, kitchen with a breakfast nook, Four generous bedrooms, two bathrooms, den and a versatile third-floor loft ideal as a home office, studio, or playroom. 388 First Avenue mirrors the layout but includes 3 bedrooms - perfect for extended family, guest rental income, or guest space. Each home boasts its own private backyard with deck, a single detached car garage, and a dedicated laneway with parking for up to 5 additional vehicles. Lower finished level offers laundry area, living space with walkout and tons of storage. Both units are ideal for owner-occupancy with income, multi-generational living, or full rental conversion into triplex or fourplex, subject to City of Ottawa zoning and approvals. Steps to Bank Street, Glebe Community Centre, parks, Lansdowne, top-rated schools, and Carleton University. Quick access to public transit and Hwy 417 makes this location incredibly attractive for tenants and future resale. Invest in the Glebe and unlock the full potential of this character-filled property in one of the City's highest-demand rental markets. This property blends character, functionality, and convenience. Whether you're an investor looking to convert to a multi-plex or looking for multi-generational living, this is a unique opportunity you wont want to miss! Located short distance from the upcoming brand-new Civic Hospital Campus, this home is perfect for healthcare professionals and proximity to medical services. Be our guest and book your private viewing today!
Key Facts & Features
Property Costs
- Annual Property Tax Amount
- $12,872
- Land Transfer Tax Fee
- $34,473
Rental Items
- Rental Equipment
- Hot Water Tank
- Basement Type
- Partially Finished, Walk-Out, Development Potential
Interior Features
- Interior Extras
- Carpet Free, In-Law Capability, Guest Accommodations, Separate Heating Controls, Separate Hydro Meter, Storage, Accessory Apartment, Water Heater, In-Law Suite
- Fireplace/Stove
- Yes
- Fireplace Features
- Wood
- Elevator
- No
Exterior Features
- Pool
- None
- Property Features
- Fenced Yard, Hospital, Public Transit, School
Building
- Building Type
- Multiplex
- Building Style
- 2-Storey
Construction
- Exterior Finish
- Brick, Stucco (Plaster)
- Roof
- Asphalt Shingle
- Foundation Details
- Concrete
- Special Designation
- Unknown
Lot
- Lot Front
- 61.00 ft
- Lot Depth
- 103.00 ft
Inclusions
- Inclusions
- 3 Refrigerators, 2 Stoves, 1 Dishwasher, 2 Washers, 2 Dryers
Exclusions
- Exclusions
- None
Parking & Garages
- Garage Type
- Detached
- Garage Spaces
- 2
- Parking Spaces
- 10
- Total Garage And Parking Spaces
- 12
Heating & Cooling
- Heat Source
- Electric
- Heat Type
- Baseboard
- Air Conditioning
- Central Air
- Water
- Municipal
- Sewers
- Sewer
- Bedrooms
- 7
- Washrooms
- 4
- Kitchens
- 4
- Family / bonus room
- Yes
Room sizes
- Living Room—Main level
- Dining Room—Main level
- Kitchen—Main level
- Breakfast—Main level
- Primary Bedroom—Second level
- Bedroom—Second level
- Bedroom—Second level
- Den—Second level
- Bedroom—Second level
Washrooms
- 4-piece, Second
- 3-piece, Lower
- Municipality
- Ottawa
- Neighbourhood
- Glebe
- Main cross streets
- First and Bronson
- Directions
- Bank St. to First Ave.
- MLS® number
- X12816362
- Data source
- Toronto Regional Real Estate Board
- Status change
- 2026-04-15
- Listed on
- 2026-02-24
- Days on market
- 50 days
- Possession type
- 60-89 days
- Co-op commission
- 2.0
- Seller
- Listed by
- RE/MAX HALLMARK REALTY GROUP
Home Market Value
Current home valuation for 386-388 First Avenue, Ottawa, Glebe, Ottawa, ON. Listed for $1,899,900
HOMEH Estimate
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Estimated Sales Range
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HOMEH Estimate for 386-388 First Avenue, Ottawa, Glebe
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Mortgage Payment Calculator
Compare up to 4 down payment scenarios
20% required for homes $1.5M or more
$379,980
| Scenario 1 | Scenario 2 | Scenario 3 | Scenario 4 | |
|---|---|---|---|---|
−Down payment | % $ | % $ | % $ | % $ |
+CMHC insurance | $0 | $0 | $0 | $0 |
=Total mortgage | $1,519,920 | $1,424,925 | $1,329,930 | $1,234,935 |
Amortization | ||||
Mortgage rate | % | % | % | % |
| Payment frequency | ||||
=Mortgage payment | $7,421monthly | $6,957monthly | $6,493monthly | $6,030monthly |
Land Transfer Tax
$34,473
$34,473
Around this home
Data provided by OpenStreetMap & Fraser Institute School Rankings
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