Just Listed
Address
703 Morgan Street, Ottawa, ON
Price
$ 899,900
Property Attributes
  • ID#X13822468
  • TypeMulti-Family
  • Listing Status Active
  • MunicipalityOttawa
  • CityOttawa
  • Neighbourhood3404 - Vanier
  • Postal CodeK1K 3M3
  • Style3
  • Price$ 899,900
  • Bedrooms6+1
  • Bathrooms3
  • Half Bathrooms0
  • Sqr Footage2500
Data Source:
RLP - CREA EN
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.

General Features

Terms SALE
Neighbourhood 3404 - Vanier
Property Sub Type MULTI-FAMILY
jumpId 29294218
Property Subtype French MULTI-FAMILY
Listing Type French Investment
MLS X13822468
Appliances Dryer, Stove, Washer, Refrigerator
Building Type Triplex
Property Type Multi-family
Sewer Sanitary sewer

Interior Features

Living Area Range 2500 sqft
Bedrooms 6+1
Basement Finished
Basement Type N/A
Cooling Type None, Window air conditioner
Foundation Type Poured Concrete
Heating Fuel Natural gas
Heating Type Forced air
Beds 7
Total Baths 3
Total Baths 3

Exterior Features

Exterior Finish Brick
Parking Type No Garage

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in K1K 3M3

Price
AVG $900K
$900K