298 Montfort Street
Vanier and Kingsview Park, ON
- 6 bed
- 3 bath
- approx. 1100-1500 sqft
- Triplex
PRIME INVESTMENT OPPORTUNITY! Fully tenanted, income-producing triplex generating approximately $69,300 in gross annual rental income, with an estimated NOI of approximately $54,711, in a highly desirable central Ottawa location. This well-maintained property features three spacious 2-bedroom units, each offering the convenience of in-suite laundry and dedicated parking. A fourth parking space provides additional income potential. Designed for efficient ownership, the property includes three separate hydro meters, with Units 2 and 3 paying their own hydro costs. Recent improvements include new rear metal stairs (2025), a new rented furnace (2026), updated interior doors, modernized bathroom finishes, and LED lighting upgrades. The bright and functional units feature 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, Highway 417, public transit, schools, shopping, restaurants, parks, and community amenities. Whether you are looking to expand your investment portfolio or acquire your first multi-unit property, this triplex offers immediate income and long-term growth potential in one of Ottawa's most convenient rental locations. Some interior photos were taken prior to current tenancy.
Listing Details
- Taxes (2026)
- $5,024
- Listed
- August 11, 2026
Price History
Listing history
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Property
- Style
- 2-Storey
- Age
- 51-99
- Construction
- Other
- Roof
- Shingles
- Foundation
- Concrete
- Interior
- Carpet Free, Separate Hydro Meter
- Lot Size
- 33 x 95 Feet
Parking
- Garage
- Other
- Covered Spaces
- 0
- Total Parking
- 4
Utilities
- Water
- Water System
- Sewer
- Sewer
- Heat Source
- Gas
Location & Legal
- Cross Street
- Montreal Road & Montfort Street
- Zoning
- R4E
- Parcel Number
- 042320038
- Possession
- Flexible
- Occupancy
- Tenant
Included
- Inclusions
- Refrigerators (3) | Stoves (3) | Washers (3) | Dryers (3) | Microwaves (3) | Curtains and Blinds
- Exclusions
- Tenants' belongings.
- Rental Items
- Hot water tank, Furnace
Schools
Elementary
- Assumption Catholic Elementary School0.4 km
Catholic · Ottawa CSB · 260 students
Grade 3 reading: 78% met the provincial standard · Grade 6 math: 26% met the provincial standard
- École élémentaire catholique Horizon-Jeunesse0.7 km
French Catholic · CSDC du Centre-Est de l'Ontario · 465 students
Grade 3 reading: 90% met the provincial standard · Grade 6 math: 71% met the provincial standard
- École élémentaire publique Mauril-Bélanger0.9 km
French public · CÉP de l'Est de l'Ontario · 245 students
Grade 3 reading: 47% met the provincial standard · Grade 6 math: 30% met the provincial standard
Secondary
- Ottawa Technical Secondary School1.5 km
Public · Ottawa-Carleton DSB · 330 students
Grade 10 literacy: 48% met the provincial standard
- École secondaire publique De La Salle2 km
French public · CÉP de l'Est de l'Ontario · 950 students
Grade 10 literacy: 93% met the provincial standard
- École secondaire catholique de l’innovation2 km
French Catholic · CSDC du Centre-Est de l'Ontario · 95 students
Grade 10 literacy: 71% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area K1L
- Population
- 18,213
- Private dwellings
- 10,797
- Median age
- 41.2
- Average household size
- 1.8
- Median household income
- $63,200
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Residential Freehold in Vanier and Kingsview Park · last 12 months
- Median sold price
- $538,000
- Homes sold
- 169
- Median days on market
- 32
- Sale-to-list price
- 97.3%
Based on 169 recorded sales of residential freehold properties in Vanier and Kingsview Park over the last 12 months.
Listed by
RIGHT AT HOME REALTY
Walk Score
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Location
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Mortgage Calculator
$163,980
Estimated Monthly Payment
$4,028
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
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Mortgage: $4,028/mo (20% down, 5.5%)
Taxes: $419/mo · Insurance: $205/mo
Estimates only. Consult a financial advisor.
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