703 Morgan Street, Ottawa
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:1945)
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Property details for 703 Morgan Street, Ottawa
- Type
- Multi-family
- Bedrooms
- 7
- Bathrooms
- 3
- Lot Size
- 59.6 x 92 FT
- Stories
- 2
- Basement
- Finished, N/A
- Parking
- No Garage
- Heating
- Forced air, Natural gas
- Cooling
- Window air conditioner, None
- Exterior
- Brick
- Annual Taxes
- $6,000 (2026)
Nearby Listings Stat
Estimated price and comparable properties near 703 Morgan Street
Active Listings
4
Min Price
$559,900
Max Price
$1,349,000
Avg Price
$1,039,450
Days on Market
47
days
Sold Listings
0
Min Sold Price
$N/A
Max Sold Price
$N/A
Avg Sold Price
$N/A
Days until Sold
N/A
days
Neighbourhood Census Data
Ottawa, Ontario
Population
421
Median Age
44.9
Median Income
$31,680
Dwelling Value
$375,671
Housing Tenure
Owners 50%
Renters 50%
Age Distribution
Dwelling Types
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 1.8
Pop. Density: 4,502.7/km²
Avg Shelter Cost: $1,339/mo
Owners with Mortgage: 63.6%
Owners Spending 30%+: 22.7%
Tenants Spending 30%+: 59.1%
English only: 36.9%
French only: 1.2%
English and French: 59.5%
Median Household Income: $48,128
Median Employment Income: $29,952
Price History
Listed
September 24, 2026
by LPT REALTY
Current Price
$899,900
Type
Multi-family
For Sale
