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. (id:25961)
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Rooms
| Level | Type | Dimensions |
|---|
Details
- Equipment: Water Heater
- Features: Level
- Parking Spaces: 4
- Rental Equipment: Water Heater
- Structure: Deck, Porch
- Transaction: For sale
- Zoning Description: Residential
Building
- Amenities: Fireplace(s), Separate Electricity Meters, Separate Heating Controls
- Appliances: Intercom, Blinds, Dishwasher, Dryer, Stove, Washer, Window Coverings, Refrigerator
- BasementType: N/A (Partially finished)
- Basement Development: Partially finished
- Bedrooms Main Level: 5
- Cooling: Central air conditioning
- Exterior Finish: Brick
- Fireplace Present: True
- Foundation: Stone, Unknown
- Bathrooms (Half): 1
- Bathrooms (Total): 3
- Heating: Baseboard heaters, Radiant heat
- Heating Fuel: Natural gas
- Size Interior: 3500 - 5000 sqft
- Stories Total: 3
- Type: Triplex
- Utility Water: Municipal water
Land
- Landscape Features: Landscaped
- Sewer: Sanitary sewer
- Size Frontage: 60 ft
- Size Irregular: 60 x 80 FT
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 559 PARKDALE AVENUE in Ottawa Ontario. It was last modified on June 1st, 2026. Contact the Nancy Wright Team to schedule a viewing or to discover other Ottawa homes for sale.