Mirna Botros
613-600-2626389 Daly Avenue - $1,190,000
389 Daly Avenue - $1,190,000
389 Daly Avenue
$1,190,000
4003 - Sandy Hill
Ottawa, OntarioK1N6H1
5 beds
3 baths
2 parking
MLS#: X13425212Listed: about 2 hours agoUpdated:about 2 hours ago
Description
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, a premium 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. A rare advantage for buyers is that Units 1 and 2 are expected to be vacant as of August 1st, providing flexibility to occupy, renovate, increase rents, accommodate extended family, or create an attractive owner-occupier opportunity. The upper unit is particularly impressive, featuring 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 and vacant possession of Units 1 and 2 anticipated for August 1st, this property offers exceptional flexibility for investors and owner-occupiers alike. A rare opportunity to acquire a character-filled income property with strong fundamentals and future upside in the heart of Ottawa. (id:58075)Details
Details for 389 Daly Avenue, Ottawa, Ontario- Property Type
- Multi Family
- Building Type
- Triplex
- Storeys
- 3
- Neighborhood
- 4003 - Sandy Hill
- Land Size
- 26.4 x 99 FT
- Year Built
- -
- Annual Property Taxes
- $9,687
- Parking Type
- No Garage
Inside
- Appliances
- Washer, Refrigerator, Stove, Dryer, Water Heater
- Rooms
- 16
- Bedrooms
- 5
- Bathrooms
- 3
- Fireplace
- -
- Fireplace Total
- -
- Basement
- Unfinished, N/A
Building
- Architecture Style
- -
- Direction
- Cross Streets: Daly & Cobourg. ** Directions: From Rideau St, South on Charlotte St, Right on Daly ave. 389 Daly right before Cobourg.
- Type of Dwelling
- triplex
- Roof
- -
- Exterior
- Brick
- Foundation
- Stone
- Flooring
- -
Land
- Sewer
- Sanitary sewer
- Lot Size
- 26.4 x 99 FT
- Zoning
- -
- Zoning Description
- -
Parking
- Features
- No Garage
- Total Parking
- 2
Utilities
- Cooling
- Wall unit
- Heating
- Forced air, Natural gas
- Water
- Municipal water
Feature Highlights
- Community
- -
- Lot Features
- Carpet Free
- Security
- -
- Pool
- -
- Waterfront
- -
Rooms
Rooms for 389 Daly Avenue, Ottawa, OntarioMap
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