$2,100,000
559 Parkdale Avenue, Dows Lake - Civic Hospital and Area, ON K1Y 1H9
5 Beds
3 Baths
4 Parking
Impressive 3-storey circa 1916 income property in a highly sought-after, mature treed 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 around front 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.

Property Summary

Property Type Residential Freehold
Property Sub Type Triplex
Transaction Type For Sale
Style 3-Storey
Approximate Age 100+
Bedrooms Above Grade 5
Bathrooms 3
Basement Partially Finished
Exposure East
Possession TBA

Building

Building Type Triplex
Square Footage 3500-5000
Exterior Brick, Other
Foundation Stone, Unknown
Roof Asphalt Shingle
Heating Baseboard
Heat Source Gas
Cooling Central Air
Fireplace Yes

Measurements

Lot Size 60 x 80
Lot Size Area 4780
Lot Size Units Feet
Frontage 60
Depth 80
Total Living Area 3500-5000

Land

Address 559 Parkdale Avenue, Dows Lake - Civic Hospital and Area, ON K1Y 1H9
City Dows Lake - Civic Hospital and Area
Community 4504 - Civic Hospital
County / Area Ottawa
Cross Street Sherwood Drive
Sewer Sewer
Pool None
Parcel Number 040910120

Parking and Garage

Total Parking 4
Garage Spaces 0
Garage Type None

Taxes and Listing Info

List Price $2,100,000
Annual Taxes $11,736
Tax Year 2025
Status Active
Listing Date 2026-06-01T23:15:01Z
Updated 2026-06-02T10:48:52Z
MLS Number X13225458
Local Market Insight

What Buyers Should Know About 559 Parkdale Avenue, Dows Lake - Civic Hospital and Area, ON K1Y 1H9

This editorial summary helps buyers look beyond the headline price and review the neighbourhood, transit, schools, rental demand, long-term value, and due-diligence items that often matter before booking a showing or submitting an offer.

Neighbourhood Analysis

559 Parkdale Avenue, Dows Lake - Civic Hospital and Area, ON K1Y 1H9 is positioned in 4504 - Civic Hospital, a part of Dows Lake - Civic Hospital and Area where buyers should compare the street setting, nearby amenities, daily travel routes, and surrounding housing stock. For a 3-Storey, the strongest fit often depends on whether the location supports everyday routine as well as the numbers on paper.

School And Family Considerations

Families reviewing this Triplex should confirm school boundaries directly with the local school boards before relying on listing notes. It is also worth checking walkability to parks, childcare, recreation centres, libraries, and community facilities because these details can influence both lifestyle value and future resale demand.

Transit And Access

The location should be assessed around commute patterns, access to Sherwood Drive, public transit options, parking availability, and drive times to employment areas. A property with 4 parking and practical road access can appeal to buyers who need convenience without giving up neighbourhood quality.

Investment Potential

At $2,100,000, buyers should compare recent nearby sales, days on market, condition, lot utility, and the cost of future repairs or upgrades. The property shows 5 bedrooms, 3 bathrooms, basement details marked as Partially Finished, and a lot size of 60 x 80, all of which can affect value.

Rental Demand

If this property is being reviewed as a rental or investment, demand should be measured by bedroom count, transit access, employment access, nearby schools, parking, and the condition of the unit or home. In Dows Lake - Civic Hospital and Area, rental appeal usually improves when a property is easy to maintain and simple for tenants to live in.

Local Attractions And Amenities

Buyers should look at grocery access, restaurants, trails, parks, shopping, medical services, and weekend amenities around 4504 - Civic Hospital. These features do not always appear in the MLS data, but they can make a major difference in how the home feels after move-in and how future buyers compare it.

Builder, Condition, And Due Diligence

For resale homes, review renovations, permits, roof and mechanical age, exterior condition, inclusions, and rental items. For condo or newer properties, review building history, maintenance fees, reserve fund information, rules, amenities, and future cost exposure. A showing and document review should confirm anything not visible in the listing.

Nearby Infrastructure

Infrastructure matters because transit improvements, road projects, schools, parks, commercial growth, and employment nodes can change how an area performs over time. For 559 Parkdale Avenue, Dows Lake - Civic Hospital and Area, ON K1Y 1H9, buyers should check municipal plans, nearby construction, zoning context, and future projects that may affect enjoyment or resale value.

This section is informational only. Buyers should verify schools, measurements, rental rules, taxes, zoning, and property condition with the appropriate professionals before making a decision.

Listing data is provided through PropTx/MLS data services and is deemed reliable but not guaranteed. Listings are subject to change without notice.