389 Daly Avenue
Lower Town - Sandy Hill, ON
- 5 bed
- 3 bath
- approx. 3000-3500 sqft
- Triplex
- 99 days on market
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.
Listing Details
- Taxes (2025)
- $9,687
- Originally Listed
- $1,190,000
- Listed
- June 10, 2026
Price History
Property
- Style
- 3-Storey
- Construction
- Brick
- Roof
- Asphalt Shingle, Flat, Membrane
- Foundation
- Stone
- Interior
- Carpet Free, Separate Hydro Meter, Water Heater Owned
- Lot Size
- 26.42 x 99 Feet
Parking
- Garage
- None
- Covered Spaces
- 0
- Total Parking
- 2
Utilities
- Sewer
- Sewer
- Heat Source
- Gas
Location & Legal
- Cross Street
- Daly & Cobourg
- Parcel Number
- 042120101
- Possession
- Flexible
- Occupancy
- Tenant
Included
- Inclusions
- 3 Fridges, 3 Stoves, Stacking washer dryer in #2, Combo washer/dryer in #3.
- Exclusions
- Tenant belongings
- Rental Items
- none
Schools
Elementary
- École élémentaire publique Francojeunesse0.4 km
French public · CÉP de l'Est de l'Ontario · 550 students
Grade 3 reading: 78% met the provincial standard · Grade 6 math: 80% met the provincial standard
- York Street Public School0.5 km
Public · Ottawa-Carleton DSB · 275 students
Grade 3 reading: 29% met the provincial standard · Grade 6 math: 20% met the provincial standard
- École élémentaire catholique Sainte-Anne0.5 km
French Catholic · CSDC du Centre-Est de l'Ontario · 305 students
Grade 3 reading: 76% met the provincial standard · Grade 6 math: 81% met the provincial standard
Secondary
- École secondaire publique De La Salle0.8 km
French public · CÉP de l'Est de l'Ontario · 950 students
Grade 10 literacy: 93% met the provincial standard
- Lisgar Collegiate Institute1.5 km
Public · Ottawa-Carleton DSB · 960 students
Grade 10 literacy: 91% met the provincial standard
- Immaculata High School2.3 km
Catholic · Ottawa CSB · 855 students
Grade 10 literacy: 87% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area K1N
- Population
- 26,639
- Private dwellings
- 17,122
- Median age
- 34
- Average household size
- 1.8
- Median household income
- $64,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Residential Freehold in Lower Town - Sandy Hill · last 12 months
- Median sold price
- $478,000
- Homes sold
- 223
- Median days on market
- 35
- Sale-to-list price
- 96.7%
Based on 223 recorded sales of residential freehold properties in Lower Town - Sandy Hill over the last 12 months.
Rooms
4-piece on Main, 4-piece on Third, 4-piece on Second
Third
- Bathroom8'2" x 10'10"
- Bedroom17'6" x 14'8"
- Bedroom12'4" x 10'
- Bedroom15'5" x 14'6"
Second
- Bathroom6'6" x 7'11"
- Bedroom12'4" x 16'1"
- Dining Room13'11" x 9'5"
- Kitchen16' x 10'11"
- Living Room13'11" x 14'8"
Main
- Bathroom5'3" x 9'9"
- Bedroom13'10" x 10'3"
- Kitchen10'10" x 8'1"
- Living Room13'10" x 11'3"
Ground
- Dining Room5'6" x 9'7"
- Kitchen11'7" x 9'9"
- Living Room8'11" x 13'5"
Listed by
SLEEPWELL REALTY GROUP LTD
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Mortgage Calculator
$225,000
Estimated Monthly Payment
$5,527
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $5,527/mo (20% down, 5.5%)
Taxes: $807/mo · Insurance: $281/mo
Estimates only. Consult a financial advisor.
Reita | Assistant
Online
Reita is an automated assistant, not a licensed real estate agent. This listing mentions 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.. I can help you explore neighbourhoods, understand the market, and find our free tools. What are you looking for?