Home with brick exterior material, street for 386-388 First Ave, Ottawa Ontario K1S 2H1
22 days on Market

386-388 First Ave, Ottawa, Ontario K1S 2H1

Detached
7
4
~3000-3500 sqft
$2,199,000
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$10,995Cashback
Detached
7
4
~3000-3500 sqft

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Highlights

Property Estimate

Days on market22 days

Estimated valueNot available

Price/Sqft$681/sqft

Monthly cost

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+7

Properties sold*

$1.4M

Median sold price*

*Based on last 30 days

Description

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! 48 hours irrevocable on all offers.


Property Details

Style2-Storey
View-
Age of property-
SqFt~3000-3500 SqFt
Lot Size6,283 SqFt(103 x 61)
Parking Spaces12
MLS ®NumberX12208401
Community NameGlebe - Dows Lake
Data SourceTRREB
Listing byRE/MAX HALLMARK REALTY GROUP

Features

Heating: Forced Air
Cooling: Central Air
Fireplace
Basement: Finished, Full

Main Floor

Living

4.54 x 4.02

Dining

3.81 x 3.26

Kitchen

3.9 x 2.47

Breakfast

3.72 x 4.24


Features

Lot size: 6,283 SqFt

Parking

Garage spaces 2

Garage type Detached

Other parking spaces 10

Total parking spaces 12


Property History

Jun 10, 2025
ListedActive
$2,199,000
22 days on market
history photo preview50
Listing by trreb®

Market Data - Glebe - Dows Lake

Geo Zone Map ThumbnailGlebe - Dows Lake

Strong Seller's Market

View Market Data

Detached house - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

13 days

Compared to

2024

17 days

2023

14 days

2022

17 days

New Listings

Past 30 days

11 listings

Compared to

2024

11 listings

2023

12 listings

2022

7 listings

Units sold

Past 30 days

10 units

Compared to

2024

7 units

2023

8 units

2022

6 units

Median Sold Price

Past 30 days

$1,415,000

Compared to

2024

$1,360,000

2023

$1,392,500

2022

$1,440,350


Population and Demographics

Overview

Total population 7620
Average household income $208,145

Age (%)

0 to 19
18%
20 to 34
25%
35 to 49
18%
50 to 64
19%
65 and plus
20%

Household composition (%)

Single family
55%
Single person
37%
Multi person
8%
Multi family
0%

Mother tongue (%)

English
81%
French
8%
Others
5%
English and French
2%
Spanish
2%

House tenancy (%)

Owners
50%
Renters
50%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget