For Sale: 389 Daly Avenue, Ottawa, ON - REW
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$1,190,000
5 bd • 3 ba • 3000 - 3499 sf • Multifamily
389 Daly Avenue
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$1,190,000
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389 Daly AvenueOttawa, ON, K1N 6H1

Sandy Hill
  • 5 Bed
  • 3 Bath
  • 3000 - 3499 Sqft
  • Multifamily

About this home

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. (id:63626)
Listed by: Adam Pearce, Salesperson, SLEEPWELL REALTY GROUP LTD

Home facts and features

Price details
List Price
$1,190,000
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Gross Taxes for 2025
$9,687
Home facts
Bedrooms
5
Full Bathrooms
3
Parking Spaces
2
Parking Details
No Garage
Property Type
Multifamily
Depth
99 feet
Frontage
26.4 feet
Exterior Finish
Brick
Heating Type
Forced air, Natural gas
Cooling
Wall unit
Basement Details
Unfinished,
Features
Carpet Free, Separate Electricity Meters
Appliances
Dryer, Refrigerator, Stove, Washer, Water Heater
Community
Agent details
Primary Agent
Adam Pearce
Primary Broker
SLEEPWELL REALTY GROUP LTD
Secondary Agent
Angie Pearce
Secondary Broker
SLEEPWELL REALTY GROUP LTD
Listing details
Days on REW
1 Day
MLS® Number
X13425212
Source
Canadian Real Estate Association
Board
Ottawa Real Estate Board
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Property Insights

É Élém C Sainte-Anne
  • Catholic
  • JK - 8
ÉEP Le Trillium
  • Public
  • JK - 6
ÉEP Francojeunesse
  • Public
  • JK - 6
ÉEP De la Salle
  • Public
  • 7 - 8
ÉSP De La Salle
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  • 9 - 12
York Street Public School
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  • JK - 8
Répit-Transit
  • Public
  • JK - 12
ÉEP Trille des Bois
  • Public
  • JK - 8
É Élém C Horizon-Jeunesse
  • Catholic
  • JK - 6
Viscount Alexander Public School
  • Public
  • JK - 6
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Call Agent
Salesperson
Adam Pearce
Phone:
(613) 899-3008
Office:
613-521-2000
Salesperson
Angie Pearce
Phone:
(613) 979-2831
Office:
613-521-2000
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