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298 MONTFORT STREET

Ottawa, Ontario K1L5N6

$839,900 for sale



MLS®:
X13068304
Contract Days:
0
Community:
Ownership:
Property Type:
R4E Triplex
Total Size:
33 x 95 FT
Built Date:
Parking:
4
Bedrooms:
6+
Bathrooms:
3
Interior Features

Construction Style:
Total Stories:
2
Total Bedrooms:
6
Bedrooms Above Ground:
6
Bedrooms Below Ground:
Total Bathrooms:
3
Whole Bathrooms:
3
Half Bathrooms:
Basement Type:
Full (Finished)
Basement Development:
Finished
Appliances:
Blinds, Dryer, Microwave, Stove, Washer, Refrigerator
Exterior Features

Built Date:
Exterior Finish:
Foundation Type:
Concrete
Utitilies

Heating Type:
Forced air
Heating Fuel:
Natural gas
Cooling Type:
None
Utility Water:
Municipal water
Sewer:
Sanitary sewer
Total Fireplaces:
Type
Level
Size

Note

Exceptional opportunity to own a well-maintained income-producing triplex in one of Ottawa's most strategic central locations. Currently generating approximately $68,772 in gross annual rental income with an estimated net operating income of approximately $54,183. A strong option for investors seeking immediate cash flow with future upside potential. This solid multi-family property features three spacious 2-bedroom units, each offering the convenience of in-suite laundry (washer & dryer) and a dedicated parking space for each unit, a premium feature highly valued by today's tenants. An additional spare fourth parking space offers potential for increased profitability and is not currently included in the rental income. The property includes three separate hydro meters, with Units 2 and 3 paying their own hydro, helping reduce owner operating expenses and improving overall investment efficiency. The building has been carefully maintained and enhanced with recent updates including new rear metal stairs (2025), new rented furnace (2026), updated interior doors, modernized bathroom finishes, and LED lighting upgrades. All units offer bright and functional layouts with 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, schools, shopping, restaurants, community centres, public transit, parks and Highway 417, this property combines stable income, convenience, and long-term appreciation potential. A turnkey triplex opportunity in a high-demand, growing rental area of the city. Buyer to verify all measurements, rents, expenses, zoning, and complete their own due diligence. Documentation available upon accepted offer: current leases, tax bill, insurance details, available utility bills, and available renovation invoices. Photos taken before tenancy. (id:19004)

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