$1,125,000
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389 da LY Avenue, Ottawa, ON K1N6H1

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5 Beds
3 Baths
- Sq Ft

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. (id:58753)

Listing By: Adam Pearce - SLEEPWELL REALTY GROUP LTD
Source: CREA #X13425212 Listing provided courtesy of Canadian Real Estate Association
  • MLS® X13425212
  • Date Listed06/10/2026
  • Days on Realty 112 Days
  • Bedrooms 5
  • Bathrooms 3 baths
  • Lot Size -
  • Sewer Other
  • Property Type Triplex
  • Water Public

Interior Features

  • Appliances Washer, Refrigerator, Stove, Dryer, Water Heater
  • Cooling Wall unit
  • Heating Forced air, Natural gas

Exterior / Lot Features

  • Roof -
  • Lot Size Acres -
  • Lot Size SQFT -
  • Lot Features Carpet Free

Directions

Cross Streets: Daly & Cobourg. ** Directions: From Rideau St, South on Charlotte St, Right on Daly ave. 389 Daly right before Cobourg.

Sales & Tax History

Source: Public Records

Local Neighborhood Highlights for K1N6H1

Discover key demographics, population statistics, and environmental insights for the Ottawa, ON area.

Walkability in ON / K1N6H1

Source: Walk Score

99/100

Walker's Paradise

Walk Score ®

82/100

Excellent Transit

Transit Score ®

99/100

Biker's Paradise

Bike Score ®

Overview

Daily errands do not require a car. Transit is convenient for most trips. Daily errands can be accomplished on a bike.

Transit Summary

45 nearby routes: 44 bus, 1 rail, 0 other

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 69/100, Transit Score: 62/100, Bike Score: 84/100.

Points of Interest near 389 DALY AVENUE, Ottawa, ON K1N6H1

Frequently Asked Questions for 389 DALY AVENUE

Source: Realty.com

389 DALY AVENUE, Ottawa, ON K1N6H1 in Ottawa, ON K1N6H1 is a triplex listed at $1,125,000. Highlights include 5 bedrooms, 3 bathrooms. Realty.ca has 37 photos, sales history, school insights, and mortgage tools for this listing.

Realty.com has 37 photos of 389 DALY AVENUE.

The full address for this home is 389 DALY AVENUE, Ottawa, ON K1N6H1.

389 DALY AVENUE has been listed on Realty.com since Wed June 10, 2026

Daily errands do not require a car. Transit is convenient for most trips. Daily errands can be accomplished on a bike.

The average walkability score in the surrounding area is Walk Score: 69/100, Transit Score: 62/100, Bike Score: 84/100.

This content last refreshed on 2026-09-30 13:34:01. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.