Homula Realty Brokerage
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298 Montfort Street, Vanier and Kingsview Park, ON K1L 5N6

6 beds · 3 baths · 3 kitchens · 4 parking spaces · 1100-1500 sq ft · Triplex
$819,900
Property tax
$5,024 / year

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.

MLS number
X13664754
Type
Triplex
Status
Active
Bedrooms
6
Bathrooms
3
Postal code
K1L 5N6
Photos
35
32days · this listing
Total days on market across every earlier listing of this propertyRegistration and sign-in required

This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.

Listing history

This address has been listed 3 times.

Sale history is for registered usersSee what this address sold for and when, across all 3 listings. Free account — the board’s rules require one before sold data can be shown.Create a free account

Where this property is

Where this address sits, matched against open government data.

Matched to a published address point for this address.

Schools

The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.

Other schools nearby

By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.

SchoolLevelDistanceRating
Assumption Catholic Elementary School
Ottawa CSB
Elementary419 m6.4 / 10
64% met the standard
Dar Ul-Huda SchoolElementary480 mNot reported
École élémentaire catholique Horizon-Jeunesse
CSDC du Centre-Est de l'Ontario
Elementary699 m8.0 / 10
80% met the standard
École élémentaire publique Mauril-Bélanger
CÉP de l'Est de l'Ontario
Elementary904 m4.7 / 10
47% met the standard
Robert E. Wilson Public School
Ottawa-Carleton DSB
Elementary935 m5.0 / 10
50% met the standard
École élémentaire publique Trille des Bois
CÉP de l'Est de l'Ontario
Elementary867 m8.6 / 10
86% met the standard
How the rating is calculated

EQAO — Ontario’s testing agency — publishes, for each school, the percentage of students meeting the provincial standard in Grade 3 and Grade 6 reading, writing and mathematics. The rating is the average of those percentages divided by ten. A school where 72% of students met the standard rates 7.2 out of 10.

Nothing is weighted or adjusted, and schools are not ranked against each other. Where EQAO withholds a result to protect the privacy of a small group of students, that measure is left out rather than counted as zero — so a rating built on fewer than six measures says so.

What it does not measure. It is one year of standardised testing in three subjects. It says nothing about teaching, programs, or whether a school suits a particular child, and it tracks neighbourhood household income closely enough that it partly measures the neighbourhood rather than the school. Treat it as one figure among many.

Source: Ontario Ministry of Education, School Information and Student Demographics (2024–25), Open Government Licence – Ontario.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 445 people.

$56,000Median household income
31.1%Own their home
17.8%Detached houses
42Median age
11%Born outside Canada
25%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35060192 — the few blocks around this address, home to 445 people. It describes the area, not this property.

445Population
44.7Average age
1.8Household size
$70,500Average household income
$56,000Median household income
31%Own their home
69%Rent
0%Condominiums
11%Born outside Canada
25%University degree
$520,000Average home value
21%Low income
70%Not in the labour force
38%Never married
Under $5,0002%
$15,000 to $19,9992%
$20,000 to $24,99913%
$25,000 to $29,9994%
$30,000 to $34,9994%
$35,000 to $39,9994%
$40,000 to $44,9992%
$45,000 to $49,9994%
$50,000 to $59,99911%
$60,000 to $69,9998%
$70,000 to $79,9996%
$80,000 to $89,9994%
$90,000 to $99,9994%
$100,000 and over17%
$100,000 to $124,9998%
$125,000 to $149,9994%
$150,000 to $199,9994%
$200,000 and over2%

Percentages are of the 265 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$163,980 · minimum here is $56,990
$3,630.34per month
Borrowed before insurance$655,920
Total borrowed$655,920
Interest over 25 years at 4.5%$433,182

If you rented it out

-$4,049.01per month out of pocket
Rent$0.00
Everything it costs to hold$4,049.01
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

Listed by RIGHT AT HOME REALTY. Listing data provided by the Toronto Regional Real Estate Board.