559 PARKDALE AVENUE

Impressive 3-storey circa 1916 triplex income property in a highly sought-after, mature trees 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 aroundfront 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:67197)

Price

$1,990,000

Property Type

Multi-family

Transaction Type

For sale

Bedrooms

5

Bathrooms

3

Parking

4

MLS® Number

X13734012

Interior Size

3500 - 5000 sqft

Building Type

Triplex

Bedrooms Above Grade

5

Bathrooms

3

Basement

N/A (Partially finished)

Basement Development

Partially finished

Cooling

Wall unit

Exterior Finish

Brick

Fireplace

Yes

Foundation

Stone, Unknown

Heating Fuel

Natural gas

Heating

Baseboard heaters, Radiant heat

Interior Size

3500 - 5000 sqft

Stories

3

Water

Municipal water

Size Frontage

60 ft

Size Depth

80 ft

Acreage

No

Landscape Features

Landscaped

Sewer

Sanitary sewer

• Level
• Water Heater
• Deck
• Porch