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Triplex for Sale
Dows Lake - Civic Hospital, Ottawa, ON
Impressive 3-storey circa 1916 triplex income property in a highly sought-after, mature trees neighbourhood near the Experimental Farm, Civic and Royal Ottawa Hospitals, University of Ottawa Heart Institute, Dow's Lake, LRT, schools, and key employment centres. The largest unit will soon be vacant and ready for new owner/occupant. 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. Potential yearly gross income of $99,000 and NOI of approx. $77,680 with the front office/den and 4th parking space income added. Updated kitchens & 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, three gas meters, three HVAC units, tenant-paid hot water tanks, and basement laundry with separate hot water connections for each unit. 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 & 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, main unit soon ready to move-in!
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.
Exclusions
Wine cellar cabinet and tall mirror in office/den. All patio furniture and BBQs on decks and veranda. Hot Water Tanks are rented and paid for by tenants. Tenant personal belongings.
Broker
EXP REALTY
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Triplex
559 Parkdale Avenue Dows Lake - Civic Hospital, Ottawa
Dows Lake - Civic Hospital and Area
Built
100+
Type
Triplex
Basement
Partially Finished
Parking
None (4)
Property Tax
~$11,736/yr
Heating
Baseboard
Buying Essentials
Square Feet
~4,250 sqft
Facing Direction
East
Parking
None (4)
Finances
List Price
$1,880,000
Price per SQFT *
~$442/sqft
Property Tax
~$11,736/yr
* Price/SQFT is based on an approximation. Actual value may differ.
Property Specs
Property Type
Triplex
MLS Size
3,500–5,000 sqft
Age of Building
100+
Basement
Partially Finished
Living & Amenities
Heating Type
Baseboard
Features
Intercom · Primary Bedroom - Main Floor · Separate Hydro Meter · Separate Heating Controls · Storage · Storage Area Lockers
Policies & Utilities
Neighbourhood
Dows Lake - Civic Hospital and Area
Listed On
Nov 7, 2026
Days on Market
Current: 6 days
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