389 DALY AVENUE, Ottawa
- Multi-Family
- Spacious 5-bedroom layout
- 2-car parking
- Ottawa location
Ask Peter Sagos about this property
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:66401)
Property Details
Building & Features
Building
- Building type
- Triplex
- Storeys
- 3
- Exterior
- Brick
- Foundation
- Stone
- Building features
- Separate Electricity Meters
Interior
- Basement
- Unfinished, N/A
- Bedrooms above grade
- 5
- Heating
- Forced air, Natural gas
- Cooling
- Wall unit
- Fireplace
- No
- Appliances
- Washer, Refrigerator, Stove, Dryer, Water Heater
Parking
- Garage and parking
- No Garage
Lot and land
- Lot dimensions
- 26.4 x 99 FT
- Frontage
- 26.4 ft
- Lot features
- Carpet Free
- Water
- Municipal water
- Sewer
- Sanitary sewer
Location
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