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:25961)
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Rooms
| Level | Type | Dimensions |
|---|
Details
- Amenities Nearby: Schools, Hospital, Public Transit
- Community Features: Community Centre
- Equipment: Water Heater, Furnace
- Features: Carpet Free
- Parking Spaces: 4
- Rental Equipment: Water Heater, Furnace
- Transaction: For sale
- Zoning Description: R4E
Building
- Amenities: Separate Electricity Meters
- Appliances: Blinds, Dryer, Microwave, Stove, Washer, Refrigerator
- BasementType: Full (Finished)
- Basement Development: Finished
- Bedrooms Main Level: 6
- Cooling: None
- Fireplace Present: False
- Fire Protection: Smoke Detectors
- Foundation: Concrete
- Bathrooms (Total): 3
- Heating: Forced air
- Heating Fuel: Natural gas
- Size Interior: 1100 - 1500 sqft
- Stories Total: 2
- Type: Triplex
- Utility Water: Municipal water
Land
- Amenities: Schools, Hospital, Public Transit
- Sewer: Sanitary sewer
- Size Frontage: 33 ft
- Size Irregular: 33 x 95 FT
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 298 MONTFORT STREET in Ottawa Ontario. It was last modified on May 1st, 2026. Contact Jeremy Hussey to schedule a viewing or to discover other Ottawa homes for sale.