PRIME INVESTMENT OPPORTUNITY! Fully tenanted, 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. (id:4069)
Address
298 MONTFORT STREET
List Price
$819,900
Property Type
Multi-family
Type of Dwelling
Triplex
Transaction Type
Sale
Area
Ontario
Sub-Area
Ottawa
Bedrooms
6
Bathrooms
3
Floor Area
1100 - 1500 Sq. Ft.
Lot Size
33 x 95 FT Sq. Ft.
Lot Depth
95 ft
Frontage Length
33 ft
MLS® Number
X13664754
Listing Brokerage
RIGHT AT HOME REALTY
Basement Area
Full (Finished)
Postal Code
K1L5N6
Zoning
R4E
Parking Places (Total)
4
Site Influences
Schools, Hospital, Public Transit
Features
Carpet Free
Community Features
Community Centre
Appliances
Blinds, Dryer, Microwave, Stove, Washer, Refrigerator
Amenities
Separate Electricity Meters
Heat Source
Natural gas
Heat Type
Forced air
Cooling Features
None
Foundation Details
Concrete
Number Of Floors In Building
2
Water Source
Municipal water
Sewer
Sanitary sewer
