559 Parkdale Avenue, Dows Lake - Civic Hospital and Area, ON K1Y 1H9
4504 - Civic Hospital, Dows Lake - Civic Hospital and Area · Near Sherwood Drive · View map
About this home
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. The largest unit will soon be vacant and ready for new owner/occupant. 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. Potential yearly gross income of $99,000 and NOI of approx. $77,680 with the front office/den and 4th parking space income added. Updated kitchens & 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 around front veranda, Berber-carpeted halls over ceramic tile, intercom system, and separate basement storage for each unit. Excellent utility separation with five hydro meters, three gas meters, three HVAC units, tenant-paid hot water tanks, and basement laundry with separate hot water connections for each unit. 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 & 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, main unit soon ready to move-in!
The home
- Type
- Triplex
- Style
- 3-Storey
- Square footage
- 3500-5000 sq ft
- Bedrooms
- 5
- Bathrooms
- 3
- Kitchens
- 3
- Rooms
- 18
- Basement
- Partially Finished
- Lot size
- 60 x 80 ft
- Faces
- East
- Approximate age
- 100+ years
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Exterior
- Brick
Heating & cooling
- Heating fuel
- Gas
- Heating type
- Baseboard
- Air conditioning
- Wall Unit(s)
- Fireplace
- Yes
Garage & parking
- Driveway spaces
- 4
- Total parking
- 4
Taxes & other
- Property taxes
- $11,736/yr
- Tax year
- 2025
- Occupancy
- Partial
- Possession
- TBA
- Cross street
- Sherwood Drive
- Neighbourhood
- 4504 - Civic Hospital
More
- Price per sq ft
- ~$442 (at 4,250 sq ft)
- MLS® number
- X14161358
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The home and its surroundings
- Intercom
- Primary Bedroom - Main Floor
- Separate Hydro Meter
- Separate Heating Controls
- Storage
- Storage Area Lockers
- Deck
- Landscaped
- Porch
- 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.
559 Parkdale Avenue, Dows Lake - Civic Hospital and Area, ON K1Y 1H9
4504 - Civic Hospital, Dows Lake - Civic Hospital and Area · Near Sherwood Drive
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Listing history for 559 Parkdale 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 559 Parkdale Avenue
Answers come straight from this home’s MLS® listing.
How much is 559 Parkdale Avenue listed for, and what would it cost each month?
559 Parkdale Avenue is listed for $1,880,000. With 20% down ($376,000), the mortgage payment would be roughly $7,583 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $8,561 a month, all in. That figure is an illustration, not a quote.
Is 559 Parkdale Avenue freehold or a condo, and is there a monthly fee?
559 Parkdale Avenue is a triplex in 4504 - Civic Hospital, Dows Lake - Civic Hospital and Area. 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 559 Parkdale Avenue have?
559 Parkdale Avenue has 5 bedrooms and 3 bathrooms. The listing gives the style as 3-storey.
Does 559 Parkdale Avenue have a garage and parking?
The listing does not show a garage. The driveway adds 4 spaces. In total the listing counts 4 parking spaces.
Does 559 Parkdale Avenue have a finished basement?
The listing describes the basement as partially finished. Finished basement space is usually not counted in the square footage shown.
What style of home is 559 Parkdale Avenue?
559 Parkdale 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 559 Parkdale Avenue, and what is the lot size?
The listing puts the home between 3,500 and 5,000 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement. The lot is listed as 60 x 80 ft.
How is 559 Parkdale Avenue heated and cooled?
Heating is baseboard (gas). Cooling is wall unit(s).
What are the property taxes for 559 Parkdale Avenue?
Property taxes are $11,736 a year (2025), or about $978 a month.
Where is 559 Parkdale Avenue?
559 Parkdale Avenue is in the 4504 - Civic Hospital community of Dows Lake - Civic Hospital and Area. The nearest main intersection is Sherwood Drive. The postal code is K1Y 1H9.
Is 559 Parkdale Avenue still for sale?
Yes. It is an active listing (MLS® X14161358). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 559 Parkdale Avenue asking?
Similar properties for sale nearby right now include 4101 - 805 Carling Avenue at $2,265,000 (3 bed) and 4303 - 805 Carling Avenue at $1,649,000 (2 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 559 Parkdale 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 559 Parkdale 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.
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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.