Just Listed
Address
703 Morgan Street, Vanierand Kingsview Park, ON
Price
$ 899,900
Property Attributes
  • ID#X13822468
  • TypeMulti-Family
  • Listing Status New
  • CityVanierand Kingsview Park
  • Area3404 - Vanier
  • Neighbourhood3404 - Vanier
  • Postal CodeK1K 3M3
  • Style2-Storey
  • Taxes$ 6000
  • Price$ 899,900
  • Bedrooms7
  • Full Bathrooms3
  • Half Bathrooms0
  • Sqr Footage2000-2500
Data Source:
Toronto Real Estate Board (TRREB)
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.

Price History
9/24/2026 Listed $899,900

General Features

Sewer Sewer
Cooling None,Window Unit(s)
Roof Asphalt Shingle
Architectural Style 2-Storey
Pool Features None
Construction Materials Brick
Heater Type Forced Air
Parking Spaces 8
Property Subtype Triplex
Tax Year 2026
Lot Depth 92.0
County Ottawa
New Construction No
Property Type Residential Freehold
Attached Garage No
Facing Direction South
Garage Y/N No
Status New
City Vanier and Kingsview Park
Senior Community Y/N No
Lot Size Units Feet
Property Attached Y/N No
Tax Annual Amount 6000.0
Standard Status Active
Occupancy Type Partial
Legal Description LTS 22 & 23,PL 335 ; OTTAWA/GLOUCESTER

Interior Features

Interior Amenities Water Heater Owned
Basement Finished
Heat Source Gas
Basement (Y/N) No
Air Conditioning Y/N Yes
Heating Y/N Yes
Fireplace Y/N No
Total Bedrooms 7
Elevator? No
Total Baths 3
Bedrooms 6+1
Living Area Range 2000-2500

Exterior Features

Total Parking 8.0
Garage Type None
Foundation Details Poured Concrete
Spa No
Lot Size Source MPAC
Waterfront Y/N No
Covered Spaces 0.0

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
Taxes
AVG $6,000
$6,000
Visits
AVG 1
1
Data Provided by Inside Real Estate®