703 MORGAN STREET, Ottawa, ON K1K3M3
703 MORGAN STREET, Ottawa, ON K1K3M3
703 MORGAN STREET, Ottawa, ON K1K3M3
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Dan Jutai

Dan Jutai

+1(613) 818-6227
$899,900
Est. payment /mo
7 Beds
3 Baths
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UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Approx. Sqft 2000 - 2500

Subdivision 3404 - Vanier

MLS® Listing ID X13822468

Bedrooms 7

Property Description

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:24570)

Location

Province ON

Rooms

Kitchen 0.0

Interior

Heating Forced air

Cooling None, Window air conditioner

Exterior

Parking Features No

View Y/N No

Attached Garage No

Total Parking Spaces 8

Garage No

Private Pool No

Building

Story 2

Sewer Sanitary sewer

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Dan Jutai

Dan Jutai

+1(613) 818-6227

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