Income-producing investment opportunity in a convenient central Ottawa location. This fully tenanted triplex features three spacious 2-bedroom units and generates approximately $69,300 in gross annual rental income, with an estimated NOI of approximately $54,711. Each unit offers in-suite laundry and dedicated parking, plus a fourth parking space with additional income potential. The property is efficiently configured with three separate hydro meters, with tenants in Units 2 and 3 paying their own hydro. Recent improvements include rear metal stairs completed in 2025, a new rented furnace installed in 2026, updated interior doors, refreshed bathroom finishes, and LED lighting upgrades. The units offer functional layouts, hardwood flooring, tiled kitchens and bathrooms, and abundant natural light from all four sides of the building. The desirable 3 x 2-bedroom configuration provides strong rental appeal for a wide range of tenants. Ideally located close to Montfort Hospital, downtown Ottawa, Highway 417, public transit, schools, shopping, restaurants, parks, and community amenities. A solid opportunity for investors looking for immediate rental income and long-term potential in a well-connected Ottawa location. Some interior photos were taken prior to the current tenancy. (id:4069)
Address
298 MONTFORT STREET
List Price
$789,900
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
X13879244
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
