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:25961)
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Rooms
| Level | Type | Dimensions |
|---|---|---|
| Bedroom | Second level | 3.77 m x 4.89 m |
| Bathroom | Second level | 1.97 m x 2.42 m |
| Living room | Second level | 4.25 m x 4.46 m |
| Dining room | Second level | 4.25 m x 2.86 m |
| Kitchen | Second level | 4.87 m x 3.34 m |
| Bathroom | Third level | 2.49 m x 3.3 m |
| Bedroom | Third level | 5.34 m x 4.46 m |
| Bedroom | Third level | 3.76 m x 3.06 m |
| Bedroom | Third level | 4.69 m x 4.43 m |
| Living room | Main level | 4.22 m x 3.44 m |
| Kitchen | Main level | 3.31 m x 2.46 m |
| Bedroom | Main level | 4.22 m x 3.13 m |
| Bathroom | Main level | 1.6 m x 2.98 m |
| Living room | Ground level | 2.73 m x 4.08 m |
| Dining room | Ground level | 1.68 m x 2.93 m |
| Kitchen | Ground level | 3.54 m x 2.96 m |
Details
- Features: Carpet Free
- Parking Spaces: 2
- Transaction: For sale
Building
- Amenities: Separate Electricity Meters
- Appliances: Water Heater, Dryer, Stove, Washer, Refrigerator
- BasementType: N/A (Unfinished)
- Basement Development: Unfinished
- Bedrooms Main Level: 5
- Cooling: Wall unit
- Exterior Finish: Brick
- Fireplace Present: False
- Foundation: Stone
- Bathrooms (Total): 3
- Heating: Forced air
- Heating Fuel: Natural gas
- Size Interior: 3000 - 3500 sqft
- Stories Total: 3
- Type: Triplex
- Utility Water: Municipal water
Land
- Sewer: Sanitary sewer
- Size Frontage: 26 ft ,4 in
- Size Irregular: 26.4 x 99 FT
Listing provided by SLEEPWELL REALTY GROUP LTD
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 389 DALY AVENUE in Ottawa Ontario. It was last modified on June 10th, 2026. Contact the Chris Drozda Group to schedule a viewing or to discover other Ottawa homes for sale.