389 Daly Avenue

ActiveLower Town - Sandy Hill · 4003 - Sandy Hill57 days on marketMLS® X13425212

$1,125,000

$375 / sq ft

Bedrooms5

Bathrooms3

Interior3,000 sq ft

TypeMulti-Family

ListingFor Sale

Days on Market57

About this property

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, a premium 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. A rare advantage for buyers is that Units 1 and 2 are expected to be vacant as of August 1st, providing flexibility to occupy, renovate, increase rents, accommodate extended family, or create an attractive owner-occupier opportunity. The upper unit is particularly impressive, featuring 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 and vacant possession of Units 1 and 2 anticipated for August 1st, this property offers exceptional flexibility for investors and owner-occupiers alike. A rare opportunity to acquire a character-filled income property with strong fundamentals and future upside in the heart of Ottawa.

Features & finishes

View

Air Conditioning

Basement

Property details

MLS® Number	X13425212
Status	Active
Listing Type	For Sale
Property Type	Multi-Family
Interior Size	3,000 sq ft
Beds / Baths	5 bed · 3 bath
Neighbourhood	4003 - Sandy Hill
City	Lower Town - Sandy Hill
Postal Code	K1N 6H1
Province	ON
Listed Date	June 10, 2026
Days on Market	57
Price per Sq Ft	$375
Brokerage	SLEEPWELL REALTY GROUP LTD