$839,900
298 Montfort Street, Vanier and Kingsview Park, ON K1L 5N6
6 Beds
3 Baths
4 Parking
Exceptional opportunity to own a well-maintained income-producing triplex in one of Ottawa's most strategic central locations. Currently generating approximately $68,772 in gross annual rental income with an estimated net operating income of approximately $54,183. A strong option for investors seeking immediate cash flow with future upside potential. This solid multi-family property features three spacious 2-bedroom units, each offering the convenience of in-suite laundry (washer & dryer) and a dedicated parking space for each unit, a premium feature highly valued by today's tenants. An additional spare fourth parking space offers potential for increased profitability and is not currently included in the rental income. The property includes three separate hydro meters, with Units 2 and 3 paying their own hydro, helping reduce owner operating expenses and improving overall investment efficiency. The building has been carefully maintained and enhanced with recent updates including new rear metal stairs (2025), new rented furnace (2026), updated interior doors, modernized bathroom finishes, and LED lighting upgrades. All units offer bright and functional layouts with hardwood flooring, tiled kitchens and bathrooms, and abundant natural light from all four sides of the building. The desirable 3 x 2-bedroom configuration supports strong rental demand and broad tenant appeal. Ideally located just minutes from Montfort Hospital, downtown Ottawa, schools, shopping, restaurants, community centres, public transit, parks and Highway 417, this property combines stable income, convenience, and long-term appreciation potential. A turnkey triplex opportunity in a high-demand, growing rental area of the city. Documentation available upon accepted offer: current leases, tax bill, insurance details, available utility bills, and available renovation invoices. Photos taken before tenancy.

Property Summary

Property Type Residential Freehold
Property Sub Type Triplex
Transaction Type For Sale
Style 2-Storey
Approximate Age 51-99
Bedrooms Above Grade 6
Bathrooms 3
Kitchens 3
Basement Full, Finished
Exposure West

Building

Building Type Triplex
Square Footage 1100-1500
Exterior Other
Foundation Concrete
Roof Shingles
Heating Forced Air
Heat Source Gas
Cooling None
Fireplace No

Measurements

Lot Size 33 x 95
Lot Size Units Feet
Frontage 33
Depth 95
Total Living Area 1100-1500

Land

Address 298 Montfort Street, Vanier and Kingsview Park, ON K1L 5N6
City Vanier and Kingsview Park
Community 3402 - Vanier
County / Area Ottawa
Cross Street Montreal Road & Montfort Street
Sewer Sewer
Water Source Water System
Pool None
Parcel Number 042320038

Parking and Garage

Total Parking 4
Garage Spaces 0
Garage Type Other
Parking Features Front Yard Parking, Other

Taxes and Listing Info

List Price $839,900
Annual Taxes $5,020
Tax Year 2026
Status Active
Listing Date 2026-05-01T14:23:01Z
Updated 2026-05-25T19:24:40Z
MLS Number X13068304
Local Market Insight

What Buyers Should Know About 298 Montfort Street, Vanier and Kingsview Park, ON K1L 5N6

This editorial summary helps buyers look beyond the headline price and review the neighbourhood, transit, schools, rental demand, long-term value, and due-diligence items that often matter before booking a showing or submitting an offer.

Neighbourhood Analysis

298 Montfort Street, Vanier and Kingsview Park, ON K1L 5N6 is positioned in 3402 - Vanier, a part of Vanier and Kingsview Park where buyers should compare the street setting, nearby amenities, daily travel routes, and surrounding housing stock. For a 2-Storey, the strongest fit often depends on whether the location supports everyday routine as well as the numbers on paper.

School And Family Considerations

Families reviewing this Triplex should confirm school boundaries directly with the local school boards before relying on listing notes. It is also worth checking walkability to parks, childcare, recreation centres, libraries, and community facilities because these details can influence both lifestyle value and future resale demand.

Transit And Access

The location should be assessed around commute patterns, access to Montreal Road & Montfort Street, public transit options, parking availability, and drive times to employment areas. A property with 4 parking and practical road access can appeal to buyers who need convenience without giving up neighbourhood quality.

Investment Potential

At $839,900, buyers should compare recent nearby sales, days on market, condition, lot utility, and the cost of future repairs or upgrades. The property shows 6 bedrooms, 3 bathrooms, basement details marked as Full, Finished, and a lot size of 33 x 95, all of which can affect value.

Rental Demand

If this property is being reviewed as a rental or investment, demand should be measured by bedroom count, transit access, employment access, nearby schools, parking, and the condition of the unit or home. In Vanier and Kingsview Park, rental appeal usually improves when a property is easy to maintain and simple for tenants to live in.

Local Attractions And Amenities

Buyers should look at grocery access, restaurants, trails, parks, shopping, medical services, and weekend amenities around 3402 - Vanier. These features do not always appear in the MLS data, but they can make a major difference in how the home feels after move-in and how future buyers compare it.

Builder, Condition, And Due Diligence

For resale homes, review renovations, permits, roof and mechanical age, exterior condition, inclusions, and rental items. For condo or newer properties, review building history, maintenance fees, reserve fund information, rules, amenities, and future cost exposure. A showing and document review should confirm anything not visible in the listing.

Nearby Infrastructure

Infrastructure matters because transit improvements, road projects, schools, parks, commercial growth, and employment nodes can change how an area performs over time. For 298 Montfort Street, Vanier and Kingsview Park, ON K1L 5N6, buyers should check municipal plans, nearby construction, zoning context, and future projects that may affect enjoyment or resale value.

This section is informational only. Buyers should verify schools, measurements, rental rules, taxes, zoning, and property condition with the appropriate professionals before making a decision.

Listing data is provided through PropTx/MLS data services and is deemed reliable but not guaranteed. Listings are subject to change without notice.