298 MONTFORT STREET, Ottawa
Income-producing investment opportunity in a convenient central Ottawa location. This fully tenanted triplex features three spacious 2-bedroom units and generates approximately $69,300 in gross annual rental income, with an estimated NOI of approximately $54,711. Each unit offers in-suite laundry and dedicated parking, plus a fourth parking space with additional income potential. The property is efficiently configured with three separate hydro meters, with tenants in Units 2 and 3 paying their own hydro. Recent improvements include rear metal stairs completed in 2025, a new rented furnace installed in 2026, updated interior doors, refreshed bathroom finishes, and LED lighting upgrades. The units offer functional layouts, hardwood flooring, tiled kitchens and bathrooms, and abundant natural light from all four sides of the building. The desirable 3 x 2-bedroom configuration provides strong rental appeal for a wide range of tenants. Ideally located close to Montfort Hospital, downtown Ottawa, Highway 417, public transit, schools, shopping, restaurants, parks, and community amenities. A solid opportunity for investors looking for immediate rental income and long-term potential in a well-connected Ottawa location. Some interior photos were taken prior to the current tenancy. (id:25961)
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Details
- Amenities Nearby: Schools, Hospital, Public Transit
- Community Features: Community Centre
- Equipment: Water Heater, Furnace
- Features: Carpet Free
- Parking Spaces: 4
- Rental Equipment: Water Heater, Furnace
- Transaction: For sale
- Zoning Description: R4E
Building
- Amenities: Separate Electricity Meters
- Appliances: Blinds, Dryer, Microwave, Stove, Washer, Refrigerator
- BasementType: Full (Finished)
- Basement Development: Finished
- Bedrooms Main Level: 6
- Cooling: None
- Fireplace Present: False
- Fire Protection: Smoke Detectors
- Foundation: Concrete
- Bathrooms (Total): 3
- Heating: Forced air
- Heating Fuel: Natural gas
- Size Interior: 1100 - 1500 sqft
- Stories Total: 2
- Type: Triplex
- Utility Water: Municipal water
Land
- Amenities: Schools, Hospital, Public Transit
- Sewer: Sanitary sewer
- Size Depth: 95 ft
- Size Frontage: 33 ft
- Size Irregular: 33 x 95 FT
This property for sale is located at 298 MONTFORT STREET in Ottawa. It was last modified on October 8th 2026. Let us connect you with one of our real estate agents to schedule a viewing or to discover other Ottawa homes for sale.
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