703 Morgan Street
Vanier and Kingsview Park, ON
- 7 bed
- 3 bath
- approx. 2000-2500 sqft
- Triplex
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.
Listing Details
- Taxes (2026)
- $6,000
- Listed
- September 24, 2026
Price History
Property
- Style
- 2-Storey
- Construction
- Brick
- Roof
- Asphalt Shingle
- Foundation
- Poured Concrete
- Interior
- Water Heater Owned
- Lot Size
- 59.63 x 92 Feet
Parking
- Garage
- None
- Covered Spaces
- 0
- Total Parking
- 8
Utilities
- Sewer
- Sewer
- Heat Source
- Gas
Location & Legal
- Cross Street
- Morgan St and Cote St
- Parcel Number
- 042420158
- Possession
- 90+ days
- Occupancy
- Partial
Included
- Inclusions
- 3 Fridges, 3 Stoves, 1 Washer, 1 Dryer, 3 Hot water tanks
- Exclusions
- Tenant belongings.
- Rental Items
- None
Schools
Elementary
- Robert E. Wilson Public School0.4 km
Public · Ottawa-Carleton DSB · 250 students
Grade 3 reading: 42% met the provincial standard · Grade 6 math: 41% met the provincial standard
- Queen Elizabeth Public School0.5 km
Public · Ottawa-Carleton DSB · 405 students
Grade 3 reading: 70% met the provincial standard · Grade 6 math: 17% met the provincial standard
- St Michael Elementary School0.8 km
Catholic · Ottawa CSB · 175 students
Grade 3 reading: 62% met the provincial standard · Grade 6 math: 41% met the provincial standard
Secondary
- Ottawa Technical Secondary School0.8 km
Public · Ottawa-Carleton DSB · 330 students
Grade 10 literacy: 48% met the provincial standard
- École secondaire catholique de l’innovation1.3 km
French Catholic · CSDC du Centre-Est de l'Ontario · 95 students
Grade 10 literacy: 71% met the provincial standard
- École secondaire catholique Samuel-Genest1.7 km
French Catholic · CSDC du Centre-Est de l'Ontario · 855 students
Grade 10 literacy: 96% 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 K1K
- Population
- 32,046
- Private dwellings
- 15,235
- Median age
- 42.4
- Average household size
- 2.2
- Median household income
- $73,500
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
- $525,000
- Homes sold
- 167
- Median days on market
- 33
- Sale-to-list price
- 97.1%
Based on 167 recorded sales of residential freehold properties in Vanier and Kingsview Park over the last 12 months.
Listed by
LPT REALTY
Walk Score
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Location
Street View
Mortgage Calculator
$179,980
Estimated Monthly Payment
$4,421
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
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $4,421/mo (20% down, 5.5%)
Taxes: $500/mo · Insurance: $225/mo
Estimates only. Consult a financial advisor.
Reita | Assistant
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Reita is an automated assistant, not a licensed real estate agent. This listing mentions 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.. I can help you explore neighbourhoods, understand the market, and find our free tools. What are you looking for?