559 Parkdale Avenue Ottawa, Ontario K1Y 1H9

$2,100,000

Impressive 3-storey circa 1916 income property in a highly sought-after, mature treed neighbourhood near the Experimental Farm, Civic and Royal Ottawa Hospitals, University of Ottawa Heart Institute, Dow's Lake, LRT, schools, and key employment centres. Fully and professionally renovated from top to bottom, this exceptionally well-managed triplex offers true owner/investor peace of mind, with attention to maintenance, durability, and ease of administration. Ideal for an owner-occupant investor: live in one unit while tenants help offset ownership costs. One rental unit per floor: a 1-bedroom main-level unit, two spacious 2-bedroom units on the 2nd and 3rd floors, plus a bonus rentable main-floor home office/den with separate access and its own 2-piece bathroom - rental use subject to confirming zoning. Yearly gross income of $88,800 and NOI of approx. $64,000, with potential extra income of $12,000 from the front office/den and 4th parking space. Updated kitchens and bathrooms, quality appliances including dishwashers, granite counters in the largest unit, hardwood floors, updated windows and doors, skylight, two gas fireplaces, four maintenance-free fiberglass/aluminum decks with glass railings including around front veranda, Berber-carpeted halls over ceramic tile, intercom system, and separate basement storage for each unit. Excellent utility separation with five hydro meters, four gas meters, three HVAC units, tenant-paid* hot water tanks (*except currently for #2), and basement laundry with separate hot water connections. All electrical fixtures, blinds, and shutters included. Sprinkler-irrigated lawn and flower beds add curb appeal. Four paved parking spaces, including one unused for extra income potential. Quick Queensway access and proximity to major employment nodes help support strong tenant demand. A rare totally renovated central Ottawa triplex combining solid income, thoughtful renovations, and lifestyle flexibility. (id:43934)

Property Details

MLS® Number	X13225458
Property Type	Multi-family
Neigbourhood	Civic Hospital - Experimental Farm - Central Park
Community Name	4504 - Civic Hospital
Equipment Type	Water Heater
Features	Level
Parking Space Total	4
Rental Equipment Type	Water Heater
Structure	Deck, Porch

Building

Bathroom Total	3
Bedrooms Above Ground	5
Bedrooms Total	5
Age	100+ Years
Amenities	Fireplace(s), Separate Electricity Meters, Separate Heating Controls
Appliances	Intercom, Blinds, Dishwasher, Dryer, Stove, Washer, Window Coverings, Refrigerator
Basement Development	Partially Finished
Basement Type	N/a (partially Finished)
Cooling Type	Central Air Conditioning
Exterior Finish	Brick
Fireplace Present	Yes
Foundation Type	Stone, Unknown
Half Bath Total	1
Heating Fuel	Natural Gas
Heating Type	Baseboard Heaters, Radiant Heat
Stories Total	3
Size Interior	3,500 - 5,000 Sqft
Type	Triplex
Utility Water	Municipal Water

Parking

No Garage

Land

Acreage	No
Landscape Features	Landscaped
Sewer	Sanitary Sewer
Size Depth	80 Ft
Size Frontage	60 Ft
Size Irregular	60 X 80 Ft
Size Total Text	60 X 80 Ft
Zoning Description	Residential

https://www.realtor.ca/real-estate/29837031/559-parkdale-avenue-ottawa-4504-civic-hospital