298 Montfort Street, Vanier and Kingsview Park, ON K1L 5N6 (Montreal Road & Montfort Street)

Price : $829,900.00 , MLS®# : X13464846

Description

INVESTOR ALERT! Income-producing triplex generating approximately $68,772 in gross annual rental income with an estimated NOI of approximately $54,183 in a highly desirable central Ottawa location. This well-maintained property features three spacious 2-bedroom units, each offering the convenience of in-suite laundry and dedicated parking. A fourth parking space provides additional income potential.Designed for efficient ownership, the property includes three separate hydro meters, with Units 2 and 3 paying their own hydro costs. Recent improvements include new rear metal stairs (2025), a new rented furnace (2026), updated interior doors, modernized bathroom finishes, and LED lighting upgrades.The bright and functional units feature 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, Highway 417, public transit, schools, shopping, restaurants, parks, and community amenities. Whether you are looking to expand your investment portfolio or acquire your first multi-unit property, this triplex offers immediate income and long-term growth potential in one of Ottawa's most convenient rental locations.Some interior photos were taken prior to current tenancy.

Location Description

Montreal Road & Montfort Street

Property Details
  • Community: 3402 - Vanier
  • Property Type: Tenant/Residential Freehold
  • Bedrooms: 6
  • Bath: 3
  • Garages: Other
  • Annual Property Taxes : $ 5024
Building Features
  • Foundation Type: Concrete
  • Counstruction Material : Other
  • Total Parking Space : 4
  • Parking Type : Other
Building Features
  • Heating : Forced AirGas
  • Sewer : Sewer ,
  • Water System : Water System
Land (Lot Features)
  • Frontage: 33 sq.ft
  • Land Depth: 95sq.ft

Listing Contracted With: RIGHT AT HOME REALTY