$2,100,000
FOR SALE

Triplex 3-Storey

Bedrooms: 5Bathrooms: 3Lot: 60 x 80 ft
2025 Taxes: $11,736

559 Parkdale Ave
Dows Lake - Civic Hospital And Area, ON K1Y 1H9 | 4504 - Civic Hospital | Ottawa

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.
Extras
Intercom, Primary Bedroom - Main Floor, Separate Hydro Meter, Separate Heating Controls, Storage, Storage Area Lockers
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Listed By EXP REALTY
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X13225458
Last Updated Jun 01, 2026
Property Summary
Property Type Triplex

More like this:
PIN 040910120
Legal Description PT BLK 2, PL 174464 , PART 1 , 5R9098 ; OTTAWA/NEPEAN
Possession Date TBA
Taxes (2025) $11,736
Directions/Cross Streets Sherwood Drive
Neighbourhood 4504 - Civic Hospital
Area Ottawa
Price History

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Detailed Information
Fronting On East
Special Designations Unknown
Bedrooms 5
Bathrooms 3
Lot 60 x 80 ft
Exterior Brick
Air Conditioning Central Air
Family Room Y
Fireplace/Stove Y
Basement Partially Finished
Garage Type None
Parking Spaces 4
Heat Source Gas
Heat Type Baseboard
Sewers Sewer

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