298 Montfort St

About this Property

Income-producing investment opportunity in a convenient central Ottawa location. This fully tenanted triplex features three spacious 2-bedroom units and generates approximately $69,300 in gross annual rental income, with an estimated NOI of approximately $54,711. Each unit offers in-suite laundry and dedicated parking, plus a fourth parking space with additional income potential. The property is efficiently configured with three separate hydro meters, with tenants in Units 2 and 3 paying their own hydro. Recent improvements include rear metal stairs completed in 2025, a new rented furnace installed in 2026, updated interior doors, refreshed bathroom finishes, and LED lighting upgrades. The units offer functional layouts, hardwood flooring, tiled kitchens and bathrooms, and abundant natural light from all four sides of the building. The desirable 3 x 2-bedroom configuration provides strong rental appeal for a wide range of tenants. Ideally located close to Montfort Hospital, downtown Ottawa, Highway 417, public transit, schools, shopping, restaurants, parks, and community amenities. A solid opportunity for investors looking for immediate rental income and long-term potential in a well-connected Ottawa location. Some interior photos were taken prior to the current tenancy.

Listing Details

MLS #

X13879244

Board

PROPTX

Market

ontario

Property Type

Triplex

Style

2-Storey

Year Built

51-99

Garage

Other

Parking Spaces

4

Basement

Full, Finished

Heating

Forced Air

Cooling

None

Pool

None

Lot Size

33 × 95 ft

Annual Taxes

$5,024/yr

Listed By

RIGHT AT HOME REALTY

Listed On

October 8, 2026

Features & Extras