559 Parkdale Avenue

About this property

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:67282)

Property details

MLS® number

X13734012

Property type

Multi-Family

Building style

Triplex

Lot size

60 x 80 FT

Parking

No Garage · 4 spaces

Annual taxes

$11,736

Neighbourhood

Civic Hospital

Listed

Sep 1, 2026

Highlights

• Basement: Partially finished, N/A
• Heating: Baseboard heaters, Radiant heat, Natural gas
• Wall unit
• Separate Electricity Meters
• Separate Heating Controls
• Fireplace(s)
• Appliances: Washer, Refrigerator, Intercom, Dishwasher, Stove, Dryer, Blinds, Window Coverings

Location

Listed by eXp Realty. Information deemed reliable but not guaranteed. MLS®, Multiple Listing Service® and REALTOR® are trademarks of The Canadian Real Estate Association (CREA). View this listing on REALTOR.ca