For Sale: 703 Morgan Street, Ottawa, ON - REW
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$899,900
7 bd • 3 ba • 2000 - 2499 sf • Multifamily
703 Morgan Street
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$899,900
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703 Morgan StreetOttawa, ON, K1K 3M3

Vanier South
  • 7 Bed
  • 3 Bath
  • 2000 - 2499 Sqft
  • Multifamily

About this home

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:63626)
Listed by: Miguel Vidal, Salesperson, LPT REALTY

Home facts and features

Price details
List Price
$899,900
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Gross Taxes for 2026
$6,000
Home facts
Bedrooms
7
Full Bathrooms
3
Parking Spaces
8
Parking Details
No Garage
Property Type
Multifamily
Lot Size
59 ft x 92 ft (5483 ft²)
Depth
92 feet
Frontage
59.7 feet
Exterior Finish
Brick
Heating Type
Forced air, Natural gas
Cooling
Window air conditioner,
Basement Details
Finished,
Appliances
Dryer, Refrigerator, Stove, Washer, Water Heater
Community
Agent details
Primary Agent
Miguel Vidal
Primary Broker
LPT REALTY
Listing details
Days on REW
1 Day
MLS® Number
X13822468
Source
Canadian Real Estate Association
Board
Ottawa Real Estate Board
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Estimated Payments
Purchase Price
Mortgage Total
Down Payment
Amortization
25 Years
Interest Rate
3.99%

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Property Insights

Robert E. Wilson Public School
  • Public
  • JK - 6
Queen Elizabeth Public School
  • Public
  • JK - 8
Rideau High School
  • Public
  • 9 - 12
Queen Elizabeth Public School
  • Public
  • JK - 8
Assumption Catholic Elementary School
  • Catholic
  • JK - 6
St Michael School
  • Catholic
  • K - 6
Ottawa Technical Secondary School
  • Public
  • 9 - 12
É Élém C Horizon-Jeunesse
  • Catholic
  • JK - 6
Our Lady of Mount Carmel Elementary School
  • Catholic
  • JK - 6
Répit-Transit
  • Public
  • JK - 12
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
Miguel Vidal
Phone:
(613) 324-3818
Office:
877-366-2213
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