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    For Sale - 389 Daly Avenue, Lower Town - Sandy Hill, Ontario

    Est payment $5,714/mo
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    Views   2
    Time on Jump  27 day

    AI Summary *

    • Great investment potential with three rental units generating nearly $82,000 yearly.
    • Located in Sandy Hill, close to the University of Ottawa and downtown amenities.
    • Upper 3-bedroom suite boasts a private balcony and open-concept layout.
    • All units have in-suite laundry and two on-site parking spaces available.
    • Units 1 and 2 will be vacant as of August 1st for flexible options.




    Exceptional investment and owner-occupier opportunity featuring a desirable unit mix of two 1-bedroom suites and one spacious 3-bedroom suite, generating nearly $82,000 in annual gross rental income. Located in the heart of sandy hill, one of ottawa's most sought-after rental markets, this well-maintained brick triplex is steps from the university of ottawa, strathcona park, the rideau river, downtown amenities, transit, restaurants, shopping, and entertainment. The property features a ground-floor 1-bedroom suite, a premium 2-storey upper 3-bedroom suite with a large private balcony, and a rear-entry 2-storey 1-bedroom suite. All units offer in-suite laundry, while the property includes 2 on-site parking spaces. A rare advantage for buyers is that units 1 and 2 are expected to be vacant as of august 1st, providing flexibility to occupy, renovate, increase rents, accommodate extended family, or create an attractive owner-occupier opportunity. The upper unit is particularly impressive, featuring exposed brick walls, hardwood flooring, spacious principal rooms, a bright open-concept layout, and a private balcony rarely found in income properties. Significant capital improvements include a new shingle roof in 2026 (flat roof age unknown, but membrane is in good condition), replacement of the main plumbing stack from the top floor to the basement, and a major foundation stabilization project along the driveway side. The work included excavation, foundation reinforcement, steel piling, waterproofing, drainage improvements, and restoration, representing a substantial investment in the property's long-term integrity. With separately metered hydro for each unit and vacant possession of units 1 and 2 anticipated for august 1st, this property offers exceptional flexibility for investors and owner-occupiers alike. A rare opportunity to acquire a character-filled income property with strong fundamentals and future upside in the heart of ottawa.
    Listing IDX13425212
    Address389 Daly Avenue
    CityLower Town - Sandy Hill, Ontario
    Price$1,190,000
    Bed / Bath5 / 3 Full
    Style3-Storey, Triplex
    ConstructionBrick
    TypeMulti-Family
    StatusFor Sale

    Subtype TriplexIndoor Features Carpet Free, Separate Hydro Meter, Water Heater OwnedOwnership FreeholdBasement UnfinishedFoundation StoneHeating / Cooling Forced AirHeating Fuel GasSewer Sewer

    Parking 2.00
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    Listing Agency:  SLEEPWELL REALTY GROUP LTD

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    389 Daly Avenue
    Lower Town - Sandy Hill , Ontario
    5 3 $1,190,000
    Get more info