203 Marier Avenue
3402 - Vanier, Vanier And Kingsview Park, K1L 5R6
FOR SALE
$895,000
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4 + 2
BEDROOMS 3
BATHROOMS 2 + 1
KITCHENS 2 + 1
ROOMS X13647758
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Property Description
Visit the REALTOR website for further information about this Listing. Approx. $67,000 gross income and projected NOI near $50,000 - a 5.65% cap rate at $895,000. Turn-key 3-unit multifamily in east-central Ottawa. Fully rented three 2 bed 1 bathroom units. Recent capital work: pavement (2023), exterior cladding (2023), windows (2019), roof (2019). 5 exterior storage lockers. Coin operated laundry in basement. Boiler and hot water tanks all owned. Steps from Beechwood, with quick access to the Montfort Hospital, downtown Ottawa, the University of Ottawa, the Byward Market and the rest of Ottawa through the nearby highway 417. CM1 zoning may support future development (buyer to verify). Offered as-is; figures to be verified. Professionally managed by Easy Street Services.
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Property Features
None, Available
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Property Details
Address
203 Marier Avenue
Community
Postal Code
K1L 5R6
Property Type
Triplex, Triplex
Lot Size
33' x 83'
Taxes
$6,410 (2026
Basement
Apartment, Finished
Heat Type
Radiant
Heat Source
Gas
Water
Municipal
Parking Spaces
2
Garage Type
None
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Listing contracted with Easy List Realty Ltd.
Excellent investment opportunity in the heart of vibrant Vanier! Welcome to 208 Montfort Street, a well-maintained triplex offering strong income potential and excellent versatility for investors or owner-occupants alike. Ideally located close to downtown Ottawa, public transit, shopping, restaurants, parks, schools, and everyday amenities, this property provides convenience and accessibility in a rapidly growing neighbourhood. The building features three self-contained units with functional layouts, bright living spaces. Apt #204, Basement, has one bedroom, living room, kitchen & 3 pieces bathroom. Apt #206 & #208 have two bedrooms, living room, kitchen and 3 pieces bathroom each. Large windows throughout allow for plenty of natural light, while the property offers ample parking and outdoor space for tenant enjoyment. A fantastic opportunity to add to your investment portfolio with potential for steady rental income in a centrally located area close to employment hubs, University of Ottawa, and major commuter routes. Whether you are looking to live in one unit while generating rental income from the others or seeking a fully tenanted income property, this triplex offers exceptional value and long-term potential in one of Ottawa's established urban communities.
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