559 Parkdale AVE, Dows Lake - Civic Hospital And Area, ON K1Y 1H9
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559 Parkdale AVE, Dows Lake - Civic Hospital And Area, ON K1Y 1H9
559 Parkdale AVE, Dows Lake - Civic Hospital And Area, ON K1Y 1H9
559 Parkdale AVE, Dows Lake - Civic Hospital And Area, ON K1Y 1H9
559 Parkdale AVE, Dows Lake - Civic Hospital And Area, ON K1Y 1H9
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Jacqueline Tai

Jacqueline Tai

Engel & Völkers Toronto Central, Brokerage

+1(416) 219-6066
$ 2,100,000
Est. payment /mo
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559 Parkdale AVE Dows Lake - Civic Hospital And Area, ON K1Y 1H9

5 Beds

3 Baths

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 3500-5000

Subdivision 4504 - Civic Hospital

MLS Listing ID X13225458

Style 3-Storey

Bedrooms 5

Annual Tax Amount $11,736

Tax Year 2025

Property Sub-Type Triplex

Property Description

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.

Location

Province ON

County Ottawa

Area Ottawa

Zoning Residential

Rooms

Basement Partially Finished

Kitchen 3

Interior

Interior Features Intercom, Primary Bedroom - Main Floor, Separate Hydro Meter, Separate Heating Controls, Storage, Storage Area Lockers

Cooling Central Air

Fireplaces Type Natural Gas

Inclusions Stove, fridge and dishwasher in each of the 3 apartments. Three off-white colored kitchen-counter stools in apt #2. AC units for each apartment. Washer, dryer in basement. All currently installed light fixtures and ceiling fans. All currently installed window covering, blinds and California shutters. All closet installed shelving. Exterior garden shed at NE corner of property. Front and side lawns water sprinkler system.

Exterior

Exterior Feature Deck, Landscaped, Porch

Parking Features None

Pool None

Roof Type Asphalt Shingle

Total Parking Spaces 4

Building

Building Age 100+

Foundation Stone, Unknown

Others

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Lited by EXP REALTY
Jacqueline Tai

Jacqueline Tai

Broker Associate | License ID: 3221156

+1(416) 219-6066

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559 Parkdale AVE