$1,880,000
20.18 BTC
Photos
Map
559 Parkdale Avenue, Dows Lake - Civic Hospital And Area
$1,880,000
PRICE
5
BEDROOMS
3
BATHROOMS
X14161358
MLSID

559 Parkdale Avenue, Dows Lake - Civic Hospital And Area

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. The largest unit will soon be vacant and ready for new owner/occupant. 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. Potential yearly gross income of $99,000 and NOI of approx. $77,680 with the front office/den and 4th parking space income added. Updated kitchens & 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, three gas meters, three HVAC units, tenant-paid hot water tanks, and basement laundry with separate hot water connections for each unit. 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 & 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, main unit soon ready to move-in!
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Summary

Address
559 Parkdale Avenue
MLSID
X14161358
Property Type
Triplex
Property Category
Bedrooms
5
Bathrooms
3
Kitchens
3
Zoning
Residential
Taxes (Annual)
$11,736.11
Tax Year
2025
Published
November 8, 2026
Days on Market
0 Days
Possession Type
Other
Possession Details
Tba
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Inclusions

Stove, fridge and dishwasher in each of the 3 apartments. Three off-white colored kitchen-counter stools in apt #2. AC units for each apartment. Washer, dryer in basement. All currently installed light fixtures and ceiling fans. All currently installed window covering, blinds and California shutters. All closet installed shelving. Exterior garden shed at NE corner of property. Front and side lawns water sprinkler system.

Exclusions

Wine cellar cabinet and tall mirror in office/den. All patio furniture and BBQs on decks and veranda. Hot Water Tanks are rented and paid for by tenants. Tenant personal belongings.

Details

Basement
Partially Finished
Exterior Features
Deck, Landscaped, Porch
Interior Features
Intercom, Primary Bedroom - Main Floor, Separate Hydro Meter, Separate Heating Controls, Storage, Storage Area Lockers
Parking Spaces
4
Parking Total
4
Architectural Style
3-Storey
Roof
Asphalt Shingle
Construction Materials
Brick, Other
Lot Size
4,780 SquareFeet
Lot Width
60 Feet
Lot Depth
80 Feet
Water
Municipal
Heat Source
Gas
Heat Type
Baseboard
New Construction
No
Occupant Type
Partial
Private Entrance
No
Sauna
No
Seasonal Property
No
Hot Tub / Spa
No
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