559 PARKDALE AVENUE

Key facts

• Property type: Multi-family
• Structure: Triplex
• Transaction: For Sale
• Price: $2,100,000
• Bedrooms: 5
• Bathrooms: 3
• Lot size: 60 x 80 FT
• Parking: 4
• Listing key: 29837031

Listing overview

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...