Salehian.com 647-325-5000

703 Morgan Street

3404 - Vanier, Vanier and Kingsview Park, K1K 3M3

$899,900

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  • 6+1 bedrooms
  • 3 bathrooms
  • 8 parking
  • 2000-2500 sq ft

Listed 26 days ago · MLS® X13822468

About this home

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

Type
Triplex
Style
2-Storey
Size
2000-2500 sq ft
Lot
59.63 × 92 ft
Basement
Finished
Garage
None
Kitchens
3
Property tax
$6,000 (2026)
Neighbourhood
3404 - Vanier
Municipality
Vanier and Kingsview Park

Interior

Bedrooms
6 above ground + 1 below
Bathrooms
1 × 4-piece (second), 1 × 4-piece (third), 1 × 4-piece (lower)
Kitchens
3 (1 below ground)
Rooms
12 above ground + 3 below
Family room or den
No
Fireplace
No
Features
Water Heater Owned

Heating, cooling and services

Heating
Forced Air, Gas
Air conditioning
Window Unit(s)
Water and sewer
Sewer

Building and exterior

Style
2-Storey
Exterior
Brick
Roof
Asphalt Shingle
Foundation
Poured Concrete
Faces
South

Parking

Total parking
8

Lot

Size
59.63 × 92 ft

More

Possession
TBD
Cross street
Morgan St and Cote St

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

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The neighbourhood

Getting around Very walkable

  • 🚇 St-Laurent LRT2.0 km
  • 🚇 Tremblay LRT2.2 km

Within a 10-minute walk: 3 grocery stores, 24 cafés and restaurants, 9 parks, 11 pharmacies. Nearest grocery: FreshCo (700 m). Nearest park: St-Laurent Park (200 m).

Schools nearby

Elementary

  • Robert E. Wilson Public School
    EQAO: Gr 6 reading 82%, math 41%    6 min walk
  • Queen Elizabeth Public School
    EQAO: Gr 6 reading 66%, math 17%    9 min walk
  • St-Laurent Academy Private11 min walk
  • St. Michael School Catholic
    EQAO: Gr 6 reading 88%, math 41%    12 min walk

Secondary

  • Ottawa Technical Secondary School
    EQAO: Gr 9 math 23%, literacy test 48%    11 min walk

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area K1K

Owners / renters
41% / 59%
Median household income
$73,500
Average age
43
Children under 15
15%
Homes
18% detached, 27% high-rise
Commute by transit
18%
Population
32,046

Languages spoken most at home besides English: Arabic 3.2%, Spanish 1.1%, Somali 0.8%, Tagalog (Pilipino, Filipino) 0.7%.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario).

Living here

Commute

To downtown Ottawa: 4 km. Transit times · Driving times

Noise Nothing major nearby

No highway within 500 m, rail line within 300 m, or airport flight path nearby.

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Short-term rentals

Only in your principal residence (whole home or part of it), with a City host permit. Rural cottage rentals have a separate permit.

City rules

Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by LPT REALTY.

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

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