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389 DALY AVENUE, Ottawa

5 BEDS · 3 BATHS · 3000 - 3500 sqft

$1,125,000

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.

General Info


MLS Listing ID: X13425212 Bedrooms: 5 Bathrooms: 3 Year Built: 0
Listing Type: Multi-family Half Baths: N/A Fireplace Fuel: N/A Maintenance Fee: N/A
Foundation: Stone Roof: N/A Title To Land: N/A Parking Space Total: 2
Parking: No Garage Heating: Forced air Size: 3000 - 3500 sqft Air Conditioning : Wall unit
Home Style: N/A Finished Floor Area: N/A Fireplaces: N/A Basement: N/A (Unfinished)
Water Supply: Municipal water Road Type: N/A Pool Type: N/A
Listed BY: Adam Pearce, SLEEPWELL REALTY GROUP LTD

Amenities/Features


  • Carpet Free

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