559 Parkdale Avenue
4504 - Civic Hospital, Dows Lake - Civic Hospital and Area, K1Y 1H9
$1,990,000
- 5 bedrooms
- 3 bathrooms
- 4 parking
- 3500-5000 sq ft
Listed 49 days ago · MLS® X13734012
About this home
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. 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 of $12,000 from the front office/den and 4th parking space. Updated kitchens and 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 aroundfront veranda, Berber-carpeted halls over ceramic tile, intercom system, and separate basement storage for each unit. Excellent utility separation with five hydro meters, four gas meters, three HVAC units, tenant-paid* hot water tanks (*except currently for #2), and basement laundry with separate hot water connections. 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 and 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.
Details
- Type
- Triplex
- Style
- 3-Storey
- Age
- 100+ years
- Size
- 3500-5000 sq ft
- Lot
- 60 × 80 ft
- Basement
- Partially Finished
- Garage
- None
- Kitchens
- 3
- Property tax
- $11,736 (2025)
- Neighbourhood
- 4504 - Civic Hospital
- Municipality
- Dows Lake - Civic Hospital and Area
Interior
- Bedrooms
- 5 above ground
- Bathrooms
- 2 × 4-piece, 1 × 2-piece
- Rooms
- 18 above ground
- Family room or den
- Yes
- Fireplace
- Natural Gas
- Features
- Intercom, Primary Bedroom - Main Floor, Separate Hydro Meter, Separate Heating Controls, Storage, Storage Area Lockers
Heating, cooling and services
- Heating
- Baseboard, Gas
- Air conditioning
- Wall Unit(s)
- Water and sewer
- Sewer
Building and exterior
- Style
- 3-Storey
- Exterior
- Brick
- Roof
- Asphalt Shingle
- Foundation
- Stone
- Age
- 100+
- Faces
- East
- Outdoor
- Deck, Landscaped, Porch
Parking
- Total parking
- 4
Lot
- Size
- 60 × 80 ft (rectangular)
More
- Possession
- TBA
- Cross street
- Sherwood Drive
History of this address
1 earlier listing at this address, with sold and leased prices. Create a free account or sign in to see them.
Location
Location is approximate. See nearby homes on the map
Recent sales nearby
See what similar homes within 1 km sold for in the last year. Create a free account or sign in to see them.
The neighbourhood
Getting around Very walkable
- 🚇 Tunney's Pasture LRT17 min walk
- 🚇 Corso Italia LRT1.3 km
Within a 10-minute walk: 2 grocery stores, 45 cafés and restaurants, 8 parks, 7 pharmacies. Nearest grocery: Parkdale Market (650 m). Nearest park: Reid Park (250 m).
Schools nearby
Elementary
- Parkdale Montessori School Private1 min walk
- Connaught Public School
EQAO: Gr 6 reading 93%, math 73%8 min walk - Saint-François-d'Assise Catholic Elementary School Catholic
EQAO: Gr 6 reading 96%, math 64%11 min walk - Elmdale Public School
EQAO: Gr 6 reading 98%, math 89%12 min walk
Secondary
- Fisher Park Public School / Summit Alternate School6 min walk
- Chesterton Academy Private16 min walk
- St. Nicholas Adult High School (West Campus) Catholic1.3 km
EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.
Closest schools, not school zones. Check which school serves this address with the school board before relying on it.
Who lives here postal area K1Y
- Owners / renters
- 51% / 49%
- Median household income
- $99,000
- Average age
- 42
- Children under 15
- 14%
- Homes
- 31% detached, 31% high-rise
- Commute by transit
- 17%
- Population
- 20,712
Languages spoken most at home besides English: Mandarin 0.6%, Arabic 0.5%, Spanish 0.5%, Vietnamese 0.4%.
Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario).
Living here
Commute
To downtown Ottawa: 4 km. Transit times · Driving times
Noise 1 source nearby
- 🛣️ Highway 417150 m
Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.
Internet High-speed
50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).
From the federal broadband map. Check exact speeds and providers for the address.
Short-term rentals
Only in your principal residence (whole home or part of it), with a City host permit. Rural cottage rentals have a separate permit.
Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.
Listed by EXP REALTY.
Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.