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$ 899,900
Est. payment | /mo
6 Beds
3 Baths
$ 899,900
Est. payment | /mo
6 Beds
3 Baths
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2000-2500
Subdivision 3404 - Vanier
MLS Listing ID X13822468
Style 2-Storey
Bedrooms 6
Annual Tax Amount $6,000
Tax Year 2026
Property Sub-Type Triplex
Property Description
An exceptional turn-key investment opportunity awaits at 703 Morgan Street, a versatile, high-yielding triplex designed to maximize cash flow and long-term equity growth. The property features two spacious, identical three-bedroom, one-bathroom layouts on the top and middle floors, complemented by a cozy one-bedroom, one-bathroom lower unit. With the middle unit currently vacant, buyers gain an immediate value-add strategy to set projected market rent, house-hack, or select their own premium tenant while enjoying steady income from established, month-to-month residents. Tenants pay their own hydro via separate electrical panels and outdoor meters updated in 2016, keeping landlord utility overhead remarkably low. Major mechanicals and structural components have been systematically upgraded for worry-free ownership, including a new roof (2018), replacement windows (2017), gas meter update (2014), and a newly paved driveway (2025). Capital expenditure worries are minimized with three fully owned water heaters-replaced in 2016, 2018, and 2023-and low common electrical costs covering exterior and stairwell lighting. The building is complete with shared tenant laundry and dedicated storage facilities, enhancing overall tenant retention and convenience. Positioned with strong existing revenue, reliable tenancy, and significant upside potential in the vacant unit, this well-maintained asset is a rock-solid addition to any real estate portfolio.
Location
Province ON
County Ottawa
Area Ottawa
Rooms
Family Room No
Basement Finished
Kitchen 3
Separate Den/Office 1
Interior
Interior Features Water Heater Owned
Cooling None, Window Unit(s)
Fireplace No
Heat Source Gas
Exterior
Pool None
Roof Type Asphalt Shingle
Lot Frontage 59.63
Lot Depth 92.0
Total Parking Spaces 8
Building
Foundation Poured Concrete
Others
ParcelsYN Yes
Listed by LPT REALTY
Nearby Locations
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