703 MORGAN STREET, Ottawa, Ontario

7 Beds 3 Baths

$899,900

Listing ID: X13822468 Property Type: Multi-family

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:25961)

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Details

Parking Spaces: 8
Transaction: For sale

Building

Appliances: Water Heater, Dryer, Stove, Washer, Refrigerator
BasementType: N/A (Finished)
Basement Development: Finished
Bedrooms Main Level: 6
Bedrooms Lower Level: 1
Cooling: None, Window air conditioner
Exterior Finish: Brick
Fireplace Present: False
Foundation: Poured Concrete
Bathrooms (Total): 3
Heating: Forced air
Heating Fuel: Natural gas
Size Interior: 2000 - 2500 sqft
Stories Total: 2
Type: Triplex
Utility Water: Municipal water

Land

Sewer: Sanitary sewer
Size Frontage: 59 ft ,7 in
Size Irregular: 59.6 x 92 FT

Listing provided by LPT REALTY
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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 703 MORGAN STREET in Ottawa Ontario. It was last modified on September 24th, 2026. Contact Tim McLean to schedule a viewing or to discover other Ottawa homes for sale.

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