298 Montfort Street Ottawa, Ontario K1L 5N6
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$789,900
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:59142)
Property Details
| MLS® Number | X13879244 |
| Property Type | Multi-family |
| Community Name | 3402 - Vanier |
| Amenities Near By | Schools, Hospital, Public Transit |
| Community Features | Community Centre |
| Equipment Type | Water Heater, Furnace |
| Features | Carpet Free |
| Parking Space Total | 4 |
| Rental Equipment Type | Water Heater, Furnace |
Building
| Bathroom Total | 3 |
| Bedrooms Above Ground | 6 |
| Bedrooms Total | 6 |
| Age | 51 To 99 Years |
| Amenities | Separate Electricity Meters |
| Appliances | Blinds, Dryer, Microwave, Stove, Washer, Refrigerator |
| Basement Development | Finished |
| Basement Type | Full (finished) |
| Cooling Type | None |
| Fire Protection | Smoke Detectors |
| Foundation Type | Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 1100 - 1500 Sqft |
| Type | Triplex |
| Utility Water | Municipal Water |
Parking
| Other | |
| No Garage |
Land
| Acreage | No |
| Land Amenities | Schools, Hospital, Public Transit |
| Sewer | Sanitary Sewer |
| Size Depth | 95 Ft |
| Size Frontage | 33 Ft |
| Size Irregular | 33 X 95 Ft |
| Size Total Text | 33 X 95 Ft |
| Zoning Description | R4e |
Utilities
| Electricity | Installed |
| Sewer | Installed |
https://www.realtor.ca/real-estate/30384147/298-montfort-street-ottawa-3402-vanier
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October 09 2026 02:23:29
Ottawa Real Estate Board
Right At Home Realty