$ 839,900
-
$839,900
Price -
6
Bed -
3
Bath -
1,100
SqFt
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About the Listing 501700 -
Exceptional opportunity to own a well-maintained income-producing triplex in one of Ottawa's most strategic central locations. Currently generating approximately $68,772 in gross annual rental income with an estimated net operating income of approximately $54,183. A strong option for investors seeking immediate cash flow with future upside potential. This solid multi-family property features three spacious 2-bedroom units, each offering the convenience of in-suite laundry (washer & dryer) and a dedicated parking space for each unit, a premium feature highly valued by today's tenants. An additional spare fourth parking space offers potential for increased profitability and is not currently included in the rental income. The property includes three separate hydro meters, with Units 2 and 3 paying their own hydro, helping reduce owner operating expenses and improving overall investment efficiency. The building has been carefully maintained and enhanced with recent updates including new rear metal stairs (2025), new rented furnace (2026), updated interior doors, modernized bathroom finishes, and LED lighting upgrades. All units offer bright and functional layouts with hardwood flooring, tiled kitchens and bathrooms, and abundant natural light from all four sides of the building. The desirable 3 x 2-bedroom configuration supports strong rental demand and broad tenant appeal. Ideally located just minutes from Montfort Hospital, downtown Ottawa, schools, shopping, restaurants, community centres, public transit, parks and Highway 417, this property combines stable income, convenience, and long-term appreciation potential. A turnkey triplex opportunity in a high-demand, growing rental area of the city. Documentation available upon accepted offer: current leases, tax bill, insurance details, available utility bills, and available renovation invoices. Photos taken before tenancy.
Listing Highlights
Status
Active
Days on Site
30
Property Type
Multi-Family
MLS ®
X13068304
Year Built
Total Square Footage
1,100
Lot/Acreage
N/A
Interior Details
- Bedrooms: 6
- Bathrooms: 3 Full
- Appliances:
- Air Cond:
- Heating: Gas
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Full,Finished
- Other: Carpet Free,Separate Hydro Meter,3 Kitchens
- Water: Water System
Exterior Details
- Garage Capacity: N/A
- Roof: Shingles
- Others: School,Hospital,Rec./Commun.Centre,Library,Public Transit
- Sewer: Sewer
- Parking Features: Front Yard Parking,No Garage
Financial Details
- Tax Amount: $5,020
- Taxes w/Assessments: N/A
- Tax/Property ID: 042320038
- Tax Year: 2026
Payment Calculator
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Questions About..
298 Montfort St Vanier and Kingsview Park, ON K1L 5N6
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