389 Daly Avenue, Ottawa, photo 1 1 / 24

$1,125,000

389 Daly Avenue

Sandy Hill, Ottawa, ON K1N6H1 · MLS® X13425212

  • 5Bedrooms
  • 3Bathrooms
  • 2Parking

About this property

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, an impressive 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. Unit 1 is currently vacant, providing valuable flexibility for a buyer to renovate and reposition the suite, increase future rental income, or occupy the unit themselves. The upper 3-bedroom suite is a standout feature of the property, offering 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, strong existing rental income, and the added upside of a vacant 1-bedroom suite, this property offers an excellent combination of immediate income and future potential. A rare opportunity to acquire a character-filled income property with strong fundamentals and flexibility in the heart of Ottawa. (id:65933)

Type
Triplex
Category
Multi-family
Annual taxes
$9,687
Updated
Aug 29, 2026

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Estimate only, not financial advice. Rent is reduced by vacancy, then management is taken on the rent collected; net operating income = that, less property tax and other costs; cap rate = net operating income ÷ price; cash flow also subtracts the mortgage (semi-annual compounding, as Canadian mortgages use). Vacancy default: CMHC Rental Market Report, Ottawa, October 2025.

Listed by Sleepwell Realty Group Ltd.

Listing data provided by REALTOR.ca DDF® and owned by The Canadian Real Estate Association (CREA). Deemed reliable but not guaranteed.

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