703 Morgan Street,Vanier and Kingsview Park, ON K1K 3M3
Vanier and Kingsview Park, ON K1K 3M3
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.
Details
| MLS # | X13822468 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 40 |
| Listing Provided By | LPT REALTY | X13822468 574000 |
Features
| Bed(s) | 7 |
|---|---|
| Bath(s) | 3 |
| Basement | Y |
| Story(s) | 2 |
| Acreage | 0.13 |
Interior
| Interior Features | Water Heater Owned |
|---|---|
| Lease To Own Equipment | None |
| Cooling | None, Window Unit(s) |
| Heat Source | Gas |
| Fireplace Yes / No | No |
Exterior
| Roof | Asphalt Shingle |
|---|---|
| Foundation Details | Poured Concrete |
| Construction Materials | Brick |
Parking
| Garage Yes / No | No |
|---|
Utilities
| Sewer | Sewer |
|---|
Taxes
| Tax Annual Amount | 6000 |
|---|---|
| Tax Legal Description | LTS 22 & 23, PL 335 ; OTTAWA/GLOUCESTER |
| Tax Year | 2026 |
Area Information
| Province | ON |
|---|---|
| County | Ottawa |
| City | Vanier and Kingsview Park |
| Postal Code | K1K 3M3 |
| Area | 3404 Vanier |
| Listing VS Median (in K1K 3M3) | |
Price: $899,900 low | high Med: $0 On site: 40 low | high Med: | |
Request a showing
Request a showing
Contact
Learn More About This Property
| Province | ON |
|---|---|
| County | Ottawa |
| City | Vanier and Kingsview Park |
| Postal Code | K1K 3M3 |
| Area | 3404 Vanier |
| Listing VS Median (in K1K 3M3) | |
Price: $899,900 low | high Med: $0 On site: 40 low | high Med: | |
