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$819,900

Active
298 Montfort Street, Ottawa, ON· Vanier
6
Bedrooms
3
Bathrooms
1100-1500
Sq Ft
$547–$745
Per Sq Ft
4
Other Parking
51-99
Year Built

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About this Property

PRIME INVESTMENT OPPORTUNITY! Fully tenanted, income-producing triplex generating approximately $68,772 in gross annual rental income, with an estimated NOI of approximately $54,183, in a highly desirable central Ottawa location. This well-maintained property features three spacious 2-bedroom units, each offering the convenience of in-suite laundry and dedicated parking. A fourth parking space provides additional income potential. Designed for efficient ownership, the property includes three separate hydro meters, with Units 2 and 3 paying their own hydro costs. Recent improvements include new rear metal stairs (2025), a new rented furnace (2026), updated interior doors, modernized bathroom finishes, and LED lighting upgrades. The bright and functional units feature 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, Highway 417, public transit, schools, shopping, restaurants, parks, and community amenities. Whether you are looking to expand your investment portfolio or acquire your first multi-unit property, this triplex offers immediate income and long-term growth potential in one of Ottawa's most convenient rental locations. Some interior photos were taken prior to current tenancy.

Listed by RIGHT AT HOME REALTY · MLS# X13664754

About Vanier

Urban Revitalizing · Avg $500K

Vanier is a compact urban neighbourhood located just east of the Rideau River from downtown Ottawa, undergoing a significant revitalization that has caught the attention of savvy buyers, investors, and first-time homeowners looking for affordable central living with strong appreciation potential. Once a separate francophone municipality before amalgamation, Vanier retains a distinctive French-Canadian cultural identity while embracing the multicultural diversity that has become one of its defining characteristics.

Avg Home Price$500K
Walk Score80
To ByWard Market10 min
Drive to Downtown8 min
View Full Vanier Guide

Features & Details

Property details of 298 Montfort Street, Ottawa, ON

Property TypeTriplex
Style2-Storey
Size1100-1500 sq ft
BasementFull, Finished
Total Parking4

Mortgage Calculator

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%
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Mortgage Payment$4,028/monthly
Principal54%
Interest46%
Principal Amount$655,920
Interest$552,457
Total Payable$1,208,377
Amortization25 years

* Estimate only. Consult a mortgage broker for accurate figures.

Cash Flow Analysis

Mortgage payment$4,028
Mortgage + Expenses$4,028
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$
$
$
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Monthly Cash Flow-$4,028

* Estimate only. Consult a mortgage broker for accurate figures.

5.0 · 70+ Google reviews
Akash Sharma

Akash Sharma

REALTOR® · Ali Realty Group Inc.

Ottawa's trusted real estate partner with 170+ successful transactions and $30M+ in sales.

$819,900

298 Montfort Street, Ottawa, ON