559 Parkdale Avenue
Dows Lake - Civic Hospital and Area, ON
- 5 bed
- 3 bath
- approx. 3500-5000 sqft
- Triplex
Impressive 3-storey circa 1916 triplex income property in a highly sought-after, mature trees 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 aroundfront 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.
Listing Details
- Taxes (2025)
- $11,736
- Listed
- September 1, 2026
Price History
Listing history
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Property
- Style
- 3-Storey
- Age
- 100+
- Construction
- Brick, Other
- Roof
- Asphalt Shingle
- Foundation
- Stone, Unknown
- Interior
- Intercom, Primary Bedroom - Main Floor, Separate Hydro Meter, Separate Heating Controls, Storage, Storage Area Lockers
- Lot Size
- 60 x 80 Feet
Parking
- Garage
- None
- Covered Spaces
- 0
- Total Parking
- 4
Utilities
- Sewer
- Sewer
- Heat Source
- Gas
Location & Legal
- Cross Street
- Sherwood Drive
- Zoning
- Residential
- Parcel Number
- 040910120
- Possession
- Flexible
- Occupancy
- Tenant
Included
- Inclusions
- Stove, fridge and dishwasher in each of the 3 apartments. Three off-white colored kitchen-counter stools inapt #2. AC units for each apartment. Washer, dryer in basement. All currently installed light fixtures andceiling fans. All currently installed window covering, blinds and California shutters. All closet installedshelving. Exterior garden shed at NE corner of property. Front and side lawns water sprinkler system.
- Exclusions
- Wine cellar cabinet and tall mirror in office/den. All patio furniture and BBQs on decks and veranda. Hot Water Tanks are rented and paid for by tenants (except for #2 currently). Tenant belongings.
- Rental Items
- 3 HWTs paid by tenants except currently for Apt 2
Schools
Elementary
- Fisher Park/Summit AS Public School0.3 km
Public · Ottawa-Carleton DSB · 620 students
- Connaught Public School0.5 km
Public · Ottawa-Carleton DSB · 395 students
Grade 3 reading: 76% met the provincial standard · Grade 6 math: 73% met the provincial standard
- École élémentaire catholique Saint-François-d'Assise0.7 km
French Catholic · CSDC du Centre-Est de l'Ontario · 380 students
Grade 3 reading: 73% met the provincial standard · Grade 6 math: 64% met the provincial standard
Secondary
- St Nicholas Adult High School1.4 km
Catholic · Ottawa CSB · 620 students
- Adult High School1.5 km
Public · Ottawa-Carleton DSB · 1010 students
- École secondaire catholique Saint-Jean-Baptiste2.1 km
French Catholic · CSDC du Centre-Est de l'Ontario
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 K1Y
- Population
- 20,712
- Private dwellings
- 10,737
- Median age
- 40
- Average household size
- 2
- Median household income
- $99,000
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 Dows Lake - Civic Hospital and Area · last 12 months
- Median sold price
- $647,550
- Homes sold
- 128
- Median days on market
- 22
- Sale-to-list price
- 97.8%
Based on 128 recorded sales of residential freehold properties in Dows Lake - Civic Hospital and Area over the last 12 months.
Listed by
EXP REALTY
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Mortgage Calculator
$398,000
Estimated Monthly Payment
$9,776
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: $9,776/mo (20% down, 5.5%)
Taxes: $978/mo · Insurance: $498/mo
Estimates only. Consult a financial advisor.
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