703 MORGAN STREET, Ottawa
- Multi-Family
- Spacious 7-bedroom layout
- 8-car parking
- Ottawa location
Ask Peter Sagos about this property
About This Property
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:66401)
Property Details
Building & Features
Building
- Building type
- Triplex
- Storeys
- 2
- Exterior
- Brick
- Foundation
- Poured Concrete
Interior
- Basement
- Finished, N/A
- Bedrooms above grade
- 6
- Bedrooms below grade
- 1
- Heating
- Forced air, Natural gas
- Cooling
- Window air conditioner
- Fireplace
- No
- Appliances
- Washer, Refrigerator, Stove, Dryer, Water Heater
Parking
- Garage and parking
- No Garage
Lot and land
- Lot dimensions
- 59.6 x 92 FT
- Frontage
- 59.7 ft
- Water
- Municipal water
- Sewer
- Sanitary sewer
Location
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