389 Daly Avenue, Lower Town - Sandy Hill, ON K1N 6H1
4003 - Sandy Hill, Lower Town - Sandy Hill · Near Daly & Cobourg · View map
About this home
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.
The home
- Type
- Triplex
- Style
- 3-Storey
- Square footage
- 3000-3500 sq ft
- Bedrooms
- 5
- Bathrooms
- 3
- Kitchens
- 3
- Rooms
- 15
- Basement
- Unfinished
- Lot size
- 26.4 x 99 ft
- Faces
- North
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Exterior
- Brick
Heating & cooling
- Heating fuel
- Gas
- Heating type
- Forced Air
- Air conditioning
- Wall Unit(s)
- Fireplace
- No
Garage & parking
- Driveway spaces
- 2
- Total parking
- 2
- Parking features
- Private Double, Reserved/Assigned
Taxes & other
- Property taxes
- $9,687/yr
- Tax year
- 2025
- Occupancy
- Tenant
- Possession
- Flexible
- Cross street
- Daly & Cobourg
- Neighbourhood
- 4003 - Sandy Hill
More
- Price per sq ft
- ~$346 (at 3,250 sq ft)
- MLS® number
- X13425212
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The home and its surroundings
- Carpet Free
- Separate Hydro Meter
- Water Heater Owned
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
389 Daly Avenue, Lower Town - Sandy Hill, ON K1N 6H1
4003 - Sandy Hill, Lower Town - Sandy Hill · Near Daly & Cobourg
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Listing history for 389 Daly Avenue
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 389 Daly Avenue
Answers come straight from this home’s MLS® listing.
How much is 389 Daly Avenue listed for, and what would it cost each month?
389 Daly Avenue is listed for $1,125,000. With 20% down ($225,000), the mortgage payment would be roughly $4,538 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $5,345 a month, all in. That figure is an illustration, not a quote.
Is 389 Daly Avenue freehold or a condo, and is there a monthly fee?
389 Daly Avenue is a triplex in 4003 - Sandy Hill, Lower Town - Sandy Hill. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
How many bedrooms and bathrooms does 389 Daly Avenue have?
389 Daly Avenue has 5 bedrooms and 3 bathrooms. The listing gives the style as 3-storey.
Does 389 Daly Avenue have a garage and parking?
The listing does not show a garage. The driveway adds 2 spaces. In total the listing counts 2 parking spaces.
Does 389 Daly Avenue have a finished basement?
The listing describes the basement as unfinished.
What style of home is 389 Daly Avenue?
389 Daly Avenue is a triplex. A multiplex holds two or more separate units under one roof, often bought to live in one unit and rent the others.
How big is 389 Daly Avenue, and what is the lot size?
The listing puts the home between 3,000 and 3,500 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement. The lot is listed as 26.4 x 99 ft.
How is 389 Daly Avenue heated and cooled?
Heating is forced air (gas). Cooling is wall unit(s).
What are the property taxes for 389 Daly Avenue?
Property taxes are $9,687 a year (2025), or about $807 a month.
Where is 389 Daly Avenue?
389 Daly Avenue is in the 4003 - Sandy Hill community of Lower Town - Sandy Hill. The nearest main intersection is Daly & Cobourg. The postal code is K1N 6H1.
Is 389 Daly Avenue still for sale?
Yes. It is an active listing (MLS® X13425212). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 389 Daly Avenue asking?
Similar properties for sale nearby right now include 127 Osgoode Street at $1,100,000 (4+2 bed), 158 St Andrew Street at $979,000 (6 bed) and 52 St Andrew Street at $1,329,000 (6 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 389 Daly Avenue sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 389 Daly Avenue?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar properties nearby
More properties for sale near 4003 - Sandy Hill, picked by style, size and price.
Triplex$1,100,000127 Osgoode Street, Lower Town - Sandy Hill4+2 bed · 4 bath · 4004 - Sandy HillCourtesy of: EXP REALTYView home →
Triplex$979,000158 St Andrew Street, Lower Town - Sandy Hill6 bed · 3 bath · 4001 - Lower Town/Byward MarketCourtesy of: ROYAL LEPAGE TEAM REALTYView home →
Fourplex$1,329,00052 St Andrew Street, Lower Town - Sandy Hill6 bed · 4 bath · 4001 - Lower Town/Byward MarketCourtesy of: EXP REALTYView home →Courtesy of: SLEEPWELL REALTY GROUP LTD
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.