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Stuart McKerrow pic stuart.mckerrow@gmail.com Sutton Group - Associates Realty Inc., Brokerage Independently owned and operated. pic 358 Davenport Road, Toronto, Ontario M5R 1K6 pic Office: 416-966-0300 | Fax: 416-966-0080 | Cell: 416-856-6810

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$839,900
Available - For Sale
Listing ID: X13068304
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. Buyer to verify all measurements, rents, expenses, zoning, and complete their own due diligence. Documentation available upon accepted offer: current leases, tax bill, insurance details, available utility bills, and available renovation invoices. Photos taken before tenancy.
Price $839,900
Taxes: $5,020
Assessment Year: 2025
Occupancy by: Tenant
Address: 298 Montfort Street , Vanier and Kingsview Park, K1L 5N6, Ottawa
Directions/Cross Streets: Montreal Road & Montfort Street
Rooms: 0
Bedrooms: 6
Bedrooms +: 0
Washrooms: 3
Family Room: F
Basement: Full
Finished
No. of Pieces Level
Washroom 1:  3
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  3
Washroom 7:  0
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Property Type: Triplex
Style: 2-Storey
Exterior: Other
Garage Type: Other
(Parking/)Drive: Front Yard
Drive Parking Spaces: 1
Park #1
Parking Type: Front Yard
Park #2
Parking Type: Front Yard
Park #3
Parking Type: Other
Pool: None
Approximatly Age: 51-99
Approximatly Square Footage: 1100-1500
Property Features: School
Hospital
CAC Included: N
Water Included: N
Cabel TV Included: N
Common Elements Included: N
Heat Included: N
Parking Included: N
Condo Tax Included: N
Building Insurance Included: N
Fireplace/Stove: N
Heat Type: Forced Air
Central Air Conditioning: None
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Sewers: Sewer
Water: Water Sys
Water Supply Types: Water System
Utilities-Cable: N
Utilities-Hydro: Y
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RIGHT AT HOME REALTY

298 Montfort Street , Vanier and Kingsview Park, K1L 5N6, Ottawa

Personal Picture
Stuart McKerrow
Sales Representative
Dir:
416-856-6810
Bus:
416-966-0300
Fax:
416-966-0080

 
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At a Glance:
Type: Freehold - Triplex
Area: Ottawa
Municipality: Vanier and Kingsview Park
Neighbourhood: 3402 - Vanier
Style: 2-Storey
Lot Size: x 95.00(Feet)
Approximate Age: 51-99
Tax: $5,020
Maintenance Fee: $0
Beds: 6
Baths: 3
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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