Office Listings
703 MORGAN STREET
3404 - Vanier
Ottawa
K1K 3M3
$899,900
Multi-family
beds: 7
baths: 3.0
- Status:
- Active
- Prop. Type:
- Multi-family
- MLS® Num:
- X13822468
- Bedrooms:
- 7
- Bathrooms:
- 3
- Photos (25)
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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. (id:2493)
- Property Type:
- Multi-family
- Property Attached:
- Yes
- Living Area (Min):
- 2,000 sq. ft.186 m2
- Living Area (Max):
- 2,500 sq. ft.232 m2
- Taxes:
- $6,000 / 2026
- Community:
- 3404 - Vanier
- Exterior Features:
- Brick
- Structure Type:
- Triplex
- Appliances Included:
- Washer, Refrigerator, Stove, Dryer, Water Heater
- Bedrooms:
- 7
- Bedrooms Above Grade:
- 6
- Bedrooms Below Grade:
- 1
- Bathrooms:
- 3.0
- Cooling:
- Window air conditioner, None
- Fireplace:
- No
- Foundation:
- Poured Concrete
- Heating:
- Forced air, Natural gas
- # Storeys:
- 2.0
- Water:
- Municipal water
- Sewer:
- Sanitary sewer
- Basement:
- Finished, N/A
- Lot Frontage:
- 59'8"18.2 m
- Lot Details:
- 59.6 x 92 FT
- Parking:
- No Garage
- Total Parking Spaces:
- 8
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Listed by LPT REALTY
Data was last updated October 19, 2026 at 05:15 AM (UTC)
Area Statistics
- Listings on market:
- 14
- Avg list price:
- $849,900
- Min list price:
- $549,900
- Max list price:
- $3,800,000
- Avg days on market:
- 57
- Min days on market:
- 3
- Max days on market:
- 210
- Avg price per sq.ft.:
- $252.12
These statistics are generated based on the current listing's property type
and located in
3404 - Vanier. Average values are
derived using median calculations. This data is not produced by
the MLS® system.
- GILLIAN LEYLAND
- LPT Realty Canada
- 1 (613) 7692571
- Contact by Email
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