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Maria Tompson
Sales Representative
Your Company Name, Brokerage
Independently owned and operated.
sales@bestforagents.com

 

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$899,900
Available - For Sale
Listing ID: X13822468
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 $899,900
Taxes: $6,000
Assessment Year: 2026
Occupancy by: Partial
Address: 703 Morgan Street , Vanier and Kingsview Park, K1K 3M3, Ottawa
Directions/Cross Streets: Morgan St and Cote St
Rooms: 12
Rooms +: 3
Bedrooms: 6
Bedrooms +: 1
Washrooms: 3
Family Room: F
Basement: Finished
No. of Pieces Level
Washroom 1:  4 Second
Washroom 2:  4 Third
Washroom 3:  4 Lower
Washroom 4:  0
Washroom 5:  0
Washroom 6:  4 Second
Washroom 7:  4 Third
Washroom 8:  4 Lower
Washroom 9:  0
Washroom 10:  0
Washroom 11:  4 Second
Washroom 12:  4 Third
Washroom 13:  4 Lower
Washroom 14:  0
Washroom 15:  0
Washroom 16:  4 Second
Washroom 17:  4 Third
Washroom 18:  4 Lower
Washroom 19:  0
Washroom 20:  0
Property Type: Triplex
Style: 2-Storey
Exterior: Brick
Garage Type: None
Drive Parking Spaces: 8
Pool: None
Approximatly Square Footage: 2000-2500
CAC Included: N
Water Included: N
Cabel TV Included: N
Common Elements Included: N
Heat Included: N
Parking Included: N
Condo Tax Included: N
Building Insurance Included: N
Fireplace/Stove: N
Heat Type: Forced Air
Central Air Conditioning: None, Windo
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Elevator Lift: False
Sewers: Sewer
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
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First Mortgage $ $ $ $
CMHC/GE $ $ $ $
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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
LPT REALTY

703 Morgan Street , Vanier and Kingsview Park, K1K 3M3, Ottawa

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Maria Tompson
Sales Representative
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416-548-7854
Bus:
416-548-7854
Fax:
416-981-7184

 
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At a Glance:
Type: Freehold - Triplex
Area: Ottawa
Municipality: Vanier and Kingsview Park
Neighbourhood: 3404 - Vanier
Style: 2-Storey
Lot Size: x 92.00(Feet)
Approximate Age:
Tax: $6,000
Maintenance Fee: $0
Beds: 6+1
Baths: 3
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Maria Tompson Sales Representative Your Company Name, Brokerage Independently owned and operated. pic Cell: 416-548-7854 | Office: 416-548-7854 Personal Pic
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