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389 Daly Avenue in Ottawa for sale

Asking price
$1,125,000
Estimate (Jun 10)
$1,173,077
MLS #:
X13425212
Type:
Triplex, 3-Storey
Approx. SQFT:
3000-3500
Basement:
Unfinished
5 5
26.42 x 99 ft lot
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.

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  • Date Listed: Wednesday, June 10, 2026
  • Listing Brokerage: Sleepwell Realty Group Ltd - Disclaimer: The information contained in this listing has not been verified by Sleepwell Realty Group Ltd and should be verified by the buyer.
  • City: Ottawa

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  • Neighbourhood: Sandy Hill
  • Major Intersection: Daly & Cobourg
  • Full Address: 389 Daly Avenue, Ottawa, K1N 6H1, Canada, ON, Canada
  • Living Room:
  • Kitchen:
  • Living Room:
  • Kitchen:
  • Living Room:
  • Kitchen:
  • Amenities:
  • Taxes: $9,686.84 (2025)
Living14 x 11 ft154 sq ft
Kitchen11 x 8 ft88 sq ft
Br14 x 10 ft140 sq ft
Bathroom5 x 10 ft50 sq ft
Living14 x 15 ft210 sq ft
Dining14 x 9 ft126 sq ft
Kitchen16 x 11 ft176 sq ft
Br18 x 15 ft270 sq ft
Br12 x 10 ft120 sq ft
Br15 x 15 ft225 sq ft
Bathroom8 x 11 ft88 sq ft
Living9 x 13 ft117 sq ft
Dining6 x 10 ft60 sq ft
Kitchen12 x 10 ft120 sq ft
Br12 x 16 ft192 sq ft
Bathroom6 x 8 ft48 sq ft

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WHAT'S YOUR HOME WORTH?

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