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559 Parkdale Avenue, Ottawa, ON 54 photos

$2,100,000

Active
559 Parkdale Avenue, Ottawa, ON· Civic Hospital
5
Bedrooms
3
Bathrooms
3500-5000
Sq Ft
4
None Parking
100+
Year Built

About this Property

  • $64,000, with potential extra income of $12,000 from the front office/den and 4th parking space

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.

Listed by EXP REALTY · MLS# X13225458

Features & Details

Property details of 559 Parkdale Avenue, Ottawa, ON

Property TypeTriplex
Style3-Storey
Size3500-5000 sq ft
BasementPartially Finished
Total Parking4

Mortgage Calculator

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%
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Mortgage Payment$10,317/monthly
Principal54%
Interest46%
Principal Amount$1,680,000
Interest$1,415,001
Total Payable$3,095,001
Amortization25 years

* Estimate only. Consult a mortgage broker for accurate figures.

Cash Flow Analysis

Mortgage payment$10,317
Mortgage + Expenses$10,317
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$
$
$
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Monthly Cash Flow-$10,317

* Estimate only. Consult a mortgage broker for accurate figures.

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Akash Sharma

Akash Sharma

REALTOR® · Ali Realty Group Inc.

Ottawa's trusted real estate partner with 170+ successful transactions and $30M+ in sales.

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