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559 Parkdale Avenue

$2,100,000

For Sale

MLS # X13225458

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Property Type

Residential Freehold

Bedrooms

5

Bathrooms

3

Square Footage

3500-5000

Building Age

100+ years

Time on Market

2 Days

Description

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.

Property Summary

Building Type

Triplex

Land Size

60 x 80 feet

Storeys

3-Storey

Property Tax - 2025

$11736

Address

Address

559 Parkdale Avenue

City

Ottawa

Postal Code

K1Y 1H9

Province

Ontario

Community Name

4504 - Civic Hospital

Country

Canada

Details

Building Overview

Bedrooms & Bathrooms

  • Total Bedrooms - 5
    • Above grade - 5
  • Total Bathrooms - 3

Interior

  • Features - Intercom, Primary Bedroom - Main Floor, Separate Hydro Meter, Separate Heating Controls, Storage, Storage Area Lockers
  • Basement - Partially Finished

Exterior

  • Features - Deck, Landscaped, Porch
  • Construction - Brick, Other
  • Roof - Asphalt Shingle

Heating & Cooling

  • Heat Type - Baseboard
  • Heat Source - Gas
  • Cooling Source - Central Air

Utilities

  • Water Service - Municipal
  • Sewer Service - Sewer

Rooms Overview

Room Floor Dimensions Features
No room data available for this listing

Land Overview

Lot Dimensions

60 x 80 Feet

Property Features

Shoreline

Questions?

Interested in scheduling a viewing? Or just have some questions about the listing? Let us know!

EXP REALTY

Brokerage

343 PRESTON STREET, 11TH FLOOR

OTTAWA, ON, K1S1N4

866-530-7737

Disclaimer

Listing data is copyrighted by the Toronto Regional Real Estate Board. It is intended solely for consumers with a genuine interest in the purchase, sale, or lease of real estate and may not be used for any commercial or unrelated purposes. While the information is believed to be reliable, accuracy is not guaranteed by Toronto Regional Real Estate Board or Brick & Noble. No representations or warranties, express or implied, are made by Brick & Noble or its affiliates as to the accuracy or completeness of the information shown. Data is deemed reliable but not guaranteed and should be independently verified.