For sale 50$789,900
298 Montfort Street
Vanier, Ottawa, Ontario K1L5N6
For sale· Added
About this home
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.
Location
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Property details
Listing
- MLS® number
- X13879244
- Added
- Oct 8, 2026 ()
- Updated
- Oct 10, 2026 ()
- Info refreshed
Overview
- Property type
- Multi-family
- Building type
- Triplex
- Storeys
- 2
Inside
- Bedrooms
- 6
- Bathrooms
- 3
- Heating
- Forced air, Natural gas
- Cooling
- None
- Fireplace
- No
- Appliances
- Washer, Refrigerator, Stove, Dryer, Microwave, Blinds
- Features
- Carpet Free
Building
- Basement
- Finished, Full
- Foundation
- Concrete
- Parking
- Other, No Garage · 4 spaces
- Amenities
- Separate Electricity Meters
- Security
- Smoke Detectors
Land
- Lot size
- 33 x 95 ft
- Zoning
- R4E
Services
- Water
- Municipal water
- Sewer
- Sanitary sewer
- Utilities
- Sewer, Electricity
Location
- Cross streets
- Montreal Road & Montfort Street
- Directions
- 417 to St. Laurent Blvd North, right on Montreal Rd, left on Montfort St. Property on right.
- Nearby
- Community Centre
Running costs
- Annual property tax
- $5,024
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