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$1,190,000
Ontario,Ottawa
For Sale Active
389 DALY AVENUE, Ottawa, Ontario K1N6H1
  • 5
  • 3
  • 3000 - 3500Square Feet
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Basic Details
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:62650)

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Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: X13425212
  • Price: $1,190,000
  • Bedrooms: 5
  • Bathrooms: 3
  • Square Footage: 3000 - 3500 Sqft
  • Status: Active
  • Property Attached Yn: 1
  • Property Sub Type: Multi-family
  • Office Key: 295233
Features & Appliances
Features
  • Heating System: Forced air, Natural gas
  • Cooling System: Wall unit
  • Basement: Unfinished, N/A
  • Parking: No Garage
  • Exterior Features: Brick
  • Sewer: Sanitary sewer
Address Map
  • Location: CA, Ontario, Ottawa, K1N6H1
  • Street: Daly
  • Street Number: 389
  • Street Suffix: Avenue
  • Longitude: W76° 19' 24.4''
  • Latitude: N45° 25' 52.2''
Additional Information
  • Water Source:
  • Foundation Details:
  • Lot Features:
  • Lot Size Dimensions: 26.4 x 99 FT
  • Stories: 3.0
Financial
  • Tax Annual Amount: 9686.84
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Listing updated: 2026-06-11 06:19:57
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Listing Information
  • List Agent Key: 1921575
  • List Office Key: 295233
  • Modification Timestamp: 2026-06-10T23:25:13Z
  • Originating System Name: Ottawa Real Estate Board
  • Status Change Timestamp: 2026-06-10T23:24:54Z
Powered by REALTOR.ca
Listing updated: 2026-06-11 06:19:57
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