389 Daly Avenue,Lower Town - Sandy Hill, ON K1N 6H1
Lower Town - Sandy Hill, ON K1N 6H1
Description
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.
Details
| MLS # | X13425212 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Price Change |
| Year | 0 |
| Days On Site | 80 |
| Listing Provided By | SLEEPWELL REALTY GROUP LTD | X13425212 509100 |
Features
| Bed(s) | 5 |
|---|---|
| Bath(s) | 3 |
| Basement | Y |
| Story(s) | 3 |
| Acreage | 0.06 |
Interior
| Interior Features | Carpet Free, Separate Hydro Meter, Water Heater Owned |
|---|---|
| Cooling | Wall Unit(s) |
| Heat Source | Gas |
| Fireplace Yes / No | No |
Exterior
| Roof | Asphalt Shingle, Flat, Membrane |
|---|---|
| Foundation Details | Stone |
| Construction Materials | Brick |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Private Double, Reserved/Assigned |
Utilities
| Sewer | Sewer |
|---|
Taxes
| Tax Annual Amount | 9686.84 |
|---|---|
| Tax Legal Description | PT LTS 43 & 44, PL 6 , N/S DALY AS IN N583731 ; S/T & T/W AS IN N583731 ; OTTAWA/NEPEAN |
| Tax Year | 2025 |
Area Information
| Province | ON |
|---|---|
| Region | Ottawa |
| City | Lower Town - Sandy Hill |
| Postal Code | K1N 6H1 |
| Area | 4003 Sandy Hill |
| Listing VS Median (in K1N 6H1) | |
Price: $1,125,000 low | high Med: $0 On site: 80 low | high Med: | |
Request a showing
Request a showing
Contact
Learn More About This Property
| Province | ON |
|---|---|
| Region | Ottawa |
| City | Lower Town - Sandy Hill |
| Postal Code | K1N 6H1 |
| Area | 4003 Sandy Hill |
| Listing VS Median (in K1N 6H1) | |
Price: $1,125,000 low | high Med: $0 On site: 80 low | high Med: | |
