703 Morgan Street
Ottawa (Vanier), ON K1K 3M3
- 6+1Bedrooms
- 3Bathrooms
- 8Parking
- 2000–2500Sq Ft
- $6,000Tax
- 60×92 ftLot Size
Free EstimateSee Free Estimate Report
Sale & Price History for 703 Morgan Street, Ottawa, Vanier
| Start Date | End Date | Price | Event | MLS# |
|---|---|---|---|---|
| No listing history available | ||||
Real estate boards require you to or to see the full details of this property.
*Sold prices and complete sale & price history are regulated data. Under the Trust in Real Estate Services Act, 2002 (TRESA) and the rules of the Real Estate Council of Ontario (RECO), and pursuant to the Multiple Listing Service® rules of the Canadian Real Estate Association (CREA) and the Toronto Regional Real Estate Board (TRREB), this information may be shown only to registered users who have agreed to the applicable terms of use (a Virtual Office Website, or "VOW," arrangement). HOMEH Inc., Brokerage therefore provides it to signed-in members only. Creating an account is free and takes under a minute.
About 703 Morgan Street, Ottawa, Vanier
Summarized Description
- Versatile triplex designed for maximum cash flow.
- Two spacious three-bedroom units and one cozy lower unit.
- Vacant middle unit offers immediate rental potential.
- Tenants pay own hydro, minimizing landlord costs.
- Major upgrades include roof, windows, and driveway.
- Shared laundry and storage enhance tenant retention.
- Reliable revenue stream with established tenants.
- Significant upside potential in vacant unit.
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.
Key Facts & Features
Property Costs
- Annual Property Tax Amount
- $6,000
- Land Transfer Tax Fee
- $14,473
Rental Items
- Rental Equipment
- None
- Basement Type
- Finished
Interior Features
- Laundry Level
- Lower Level
- Interior Extras
- Water Heater Owned
- Fireplace/Stove
- No
- Elevator
- No
Exterior Features
- Pool
- None
Building
- Building Type
- Multiplex
- Building Style
- 2-Storey
Construction
- Exterior Finish
- Brick
- Roof
- Asphalt Shingle
- Foundation Details
- Poured Concrete
- Special Designation
- Unknown
Lot
- Lot Front
- 59.63 ft
- Lot Depth
- 92.00 ft
Inclusions
- Inclusions
- 3 Fridges, 3 Stoves, 1 Washer, 1 Dryer, 3 Hot water tanks
Exclusions
- Exclusions
- Tenant belongings.
Parking & Garages
- Garage Type
- None
- Garage Spaces
- 0
- Parking Spaces
- 8
- Total Garage And Parking Spaces
- 8
Heating & Cooling
- Heat Source
- Gas
- Heat Type
- Forced Air
- Air Conditioning
- None, Window Unit(s)
- Water
- Municipal
- Sewers
- Sewer
- Bedrooms
- 6 + 1
- Washrooms
- 3
- Kitchens
- 3
Washrooms
- 4-piece, Second
- 4-piece, Third
- 4-piece, Lower
- Municipality
- Ottawa
- Neighbourhood
- Vanier
- Main cross streets
- Morgan St and Cote St
- Directions
- Exit The 417 At St Laurent Northbound Pass Donald & McArthur Turn Left Onto Cote Street, Turn Right Onto Morgan Street home is on the right.
- MLS® number
- X13822468
- Data source
- Toronto Regional Real Estate Board
- Listed on
- 2026-09-24
- Updated on
- 2026-10-08
- Days on market
- 21 days
- Possession type
- 90+ days
- Co-op commission
- 2.0
- Seller
- Listed by
- LPT REALTY
Home Market Value
Current home valuation for 703 Morgan Street, Ottawa, Vanier, Ottawa, ON. Listed for $899,900
HOMEH Estimate
—
Estimated Sales Range
—
HOMEH Estimate for 703 Morgan Street, Ottawa, Vanier
Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.
Mortgage Payment Calculator
Compare up to 4 down payment scenarios
5% on first $500K + 10% on $399,900 over $500K
$64,990
| Scenario 1 | Scenario 2 | Scenario 3 | Scenario 4 | |
|---|---|---|---|---|
−Down payment | % $ | % $ | % $ | % $ |
+CMHC insurance | $33,368 | $25,107 | $21,418 | $0 |
=Total mortgage | $867,575 | $835,017 | $786,333 | $719,920 |
Amortization | ||||
Mortgage rate | % | % | % | % |
| Payment frequency | ||||
=Mortgage payment | $4,236monthly | $4,077monthly | $3,839monthly | $3,515monthly |
Land Transfer Tax
$14,473
$14,473
Around this home
No schools found nearby
Data provided by OpenStreetMap & Fraser Institute School Rankings
Ask HOMEH
New!Hi there!
👋Text or call (416) 301-9001
Recommended for you
Based on homes you've looked at.
No recommended properties found.
Nearby similar homes
No nearby properties found.
More real estate resources
Other homes nearby
Explore this area
Nearby neighbourhoods
No nearby listings available.