Mirna Botros
613-600-2626703 Morgan Street - $899,900
703 Morgan Street - $899,900
703 Morgan Street
$899,900
3404 - Vanier
Ottawa, OntarioK1K3M3
7 beds
3 baths
8 parking
MLS#: X13822468Listed: about 2 hours agoUpdated:about 2 hours ago
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:58075)Details
Details for 703 Morgan Street, Ottawa, Ontario- Property Type
- Multi Family
- Building Type
- Triplex
- Storeys
- 2
- Neighborhood
- 3404 - Vanier
- Land Size
- 59.6 x 92 FT
- Year Built
- -
- Annual Property Taxes
- $6,000
- Parking Type
- No Garage
Inside
- Appliances
- Washer, Refrigerator, Stove, Dryer, Water Heater
- Rooms
- -
- Bedrooms
- 7
- Bathrooms
- 3
- Fireplace
- -
- Fireplace Total
- -
- Basement
- Finished, N/A
Building
- Architecture Style
- -
- Direction
- Cross Streets: Morgan St and Cote St. ** Directions: Exit The 417 At St Laurent Northbound Pass Donald & McArthur Turn Left Onto Cote Street, Turn Right Onto Morgan Street home is on the right.
- Type of Dwelling
- triplex
- Roof
- -
- Exterior
- Brick
- Foundation
- Poured Concrete
- Flooring
- -
Land
- Sewer
- Sanitary sewer
- Lot Size
- 59.6 x 92 FT
- Zoning
- -
- Zoning Description
- -
Parking
- Features
- No Garage
- Total Parking
- 8
Utilities
- Cooling
- Window air conditioner, None
- Heating
- Forced air, Natural gas
- Water
- Municipal water
Feature Highlights
- Community
- -
- Lot Features
- -
- Security
- -
- Pool
- -
- Waterfront
- -
Rooms
Rooms for 703 Morgan Street, Ottawa, OntarioMap
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