For Sale: 559 Parkdale Avenue, Ottawa, ON - REW
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$2,100,000
5 bd • 3 ba • 3500 - 4999 sf • Multifamily
559 Parkdale Avenue
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$2,100,000
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559 Parkdale AvenueOttawa, ON, K1Y 1H9

Civic Hospital-Central Park
  • 5 Bed
  • 3 Bath
  • 3500 - 4999 Sqft
  • Multifamily

About this home

Impressive 3-storey circa 1916 triplex 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:63626)
Listed by: Andre L. Major, Broker, EXP REALTY OF CANADA INC.

Home facts and features

Price details
List Price
$2,100,000
Get Pre-Approved
Gross Taxes for 2026
$11,736
Home facts
Bedrooms
5
Full Bathrooms
2
Partial Bathrooms
1
Parking Spaces
4
Parking Details
No Garage
Property Type
Multifamily
Depth
80 feet
Frontage
60.0 feet
Exterior Finish
Brick
Heating Type
Baseboard heaters, Radiant heat, Natural gas
Cooling
Central air conditioning
Basement Details
Partially finished,
Features
Fireplace(s), Level, Separate Electricity Meters, Separate Heating Controls
Appliances
Blinds, Dishwasher, Dryer, Intercom, Refrigerator, Stove, Washer, Window Coverings
Community
Agent details
Primary Agent
Primary Broker
EXP REALTY OF CANADA INC.
Listing details
Days on REW
10 Days
MLS® Number
X13225458
Source
Canadian Real Estate Association
Board
Ottawa Real Estate Board
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Property Insights

Fisher Park/Summit AS Public School
  • Public
  • 7 - 8
Connaught Public School
  • Public
  • JK - 6
Elmdale Public School
  • Public
  • JK - 6
É Élém C Saint-François-d'Assise
  • Catholic
  • JK - 6
Devonshire Community Public School
  • Public
  • JK - 6
Hilson Avenue Public School
  • Public
  • JK - 6
W.E. Gowling Public School
  • Public
  • JK - 6
St Elizabeth Elementary School
  • Catholic
  • JK - 6
St Anthony Elementary School
  • Catholic
  • JK - 6
St George Elementary School
  • Catholic
  • JK - 6
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Call Agent
Broker
Andre L. Major
Phone:
(613) 262-0606
Office:
866-530-7737
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