For Sale: 298 Montfort Street, Ottawa, ON - REW
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$839,900
6 bd • 3 ba • 1100 - 1499 sf • Multifamily
298 Montfort Street
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$839,900
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298 Montfort StreetOttawa, ON, K1L 5N6

Vanier North
  • 6 Bed
  • 3 Bath
  • 1100 - 1499 Sqft
  • Multifamily

About this home

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. Documentation available upon accepted offer: current leases, tax bill, insurance details, available utility bills, and available renovation invoices. Photos taken before tenancy. (id:63626)
Listed by: Marta B. Restrepo, Salesperson, RIGHT AT HOME REALTY

Home facts and features

Price details
List Price
$839,900
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Gross Taxes for 2025
$5,020
Home facts
Bedrooms
6
Full Bathrooms
3
Parking Spaces
4
Parking Details
No Garage
Property Type
Multifamily
Depth
95 feet
Frontage
33.0 feet
Heating Type
Forced air, Natural gas
Basement Details
Finished, Full
Features
Carpet Free, Separate Electricity Meters, Smoke Detectors
Appliances
Blinds, Dryer, Microwave, Refrigerator, Stove, Washer
Community
Agent details
Primary Agent
Primary Broker
RIGHT AT HOME REALTY
Listing details
Days on REW
41 Days
MLS® Number
X13068304
Source
Canadian Real Estate Association
Board
Ottawa Real Estate Board
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Property Insights

Assumption Catholic Elementary School
  • Catholic
  • JK - 6
Répit-Transit
  • Public
  • JK - 12
É Élém C Horizon-Jeunesse
  • Catholic
  • JK - 6
ÉEP Trille des Bois
  • Public
  • JK - 8
Robert E. Wilson Public School
  • Public
  • JK - 6
ÉEP Le Trillium
  • Public
  • JK - 6
Queen Elizabeth Public School
  • Public
  • JK - 8
Queen Elizabeth Public School
  • Public
  • JK - 8
Rideau High School
  • Public
  • 9 - 12
Manor Park Public School
  • Public
  • JK - 6
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Call Agent
Salesperson
Marta B. Restrepo
Phone:
(613) 600-2490
Office:
613-369-5199
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