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    For Sale - 559 Parkdale Avenue, Dows Lake - Civic Hospital and Area, Ontario

    Est payment $9,556/mo
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    Time on Jump  48 day

    AI Summary *

    • Historic 3-storey triplex built in 1916, fully renovated throughout.
    • Prime location near hospitals, schools, and parks for easy access.
    • Three spacious rental units with potential for owner occupancy.
    • Strong income potential with annual gross income of $88,800.
    • Four paved parking spaces, including one for extra income potential.




    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.
    Listing IDX13734012
    Address559 Parkdale Avenue
    CityDows Lake - Civic Hospital and Area, Ont…
    Price$1,990,000
    Bed / Bath5 / 3 Full
    Style3-Storey, Triplex
    ConstructionBrick, Other
    Land Size4780
    TypeMulti-Family
    StatusFor Sale

    Subtype TriplexIndoor Features Intercom, Primary Bedroom - Main Floor, Separate Hydro Meter, Separate Heating Controls, Storage, Storage Area LockersOutdoor Features Deck, Landscaped, PorchOwnership FreeholdBasement Partially FinishedFoundation Stone, UnknownHeating / Cooling BaseboardHeating Fuel GasSewer Sewer

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    Listing Brokerage: EXP REALTY

    * 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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    559 Parkdale Avenue
    Dows Lake - Civic Hospital and Area , Ontario
    5 3 $1,990,000
    Get more info