703 MORGAN STREET, Ottawa
$899,900
For sale: Multiplex
- Property type
- Triplex
- Bedrooms / bathrooms
- 7 bedrooms, 3 bathrooms
- Living area
- 2,500 sqft
- MLS®
- MLS® X13822468
- Neighbourhood
- 3404 - Vanier
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.
Sold data
Multiplex homes in Ottawa — recent sold market
Multiplex homes in Ottawa took a median of 35 days to sell over the last 90 days, with the quickest quarter selling within 19 days and the slowest quarter taking more than 61, across 42 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 60 days.
The median sale price was $867,000.
Homes sold for about 2.8% below asking on average, so there was room to negotiate.
About 7% of sales closed above the list price.
Around 12% of sellers reduced their price before finding a buyer.
- Median days to sell
- 35
- Median sale price
- $867,000
- Sale-to-list ratio
- 97.2%
- Sold above asking
- 7%
Based on 42 recorded sales in the last 90 days — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
Schools
Schools in Ottawa
Ottawa has 217 Fraser Institute–rated schools (174 elementary and 43 secondary), averaging 6.2/10.
- Rated schools
- 217
- Elementary
- 174
- Secondary
- 43
- Average rating
- 6.2 / 10
Top-rated schools in Ottawa
- Hopewell Avenue — elementaryFraser rating 8.5/10
- Agincourt Road — elementaryFraser rating 8.4/10
- First Avenue — elementaryFraser rating 8.4/10
- Nepean — secondaryFraser rating 8.3/10
- Elmdale — elementaryFraser rating 8.2/10
- Jean-Robert Gauthier — elementaryFraser rating 8.2/10
School ratings from the Fraser Institute's Ontario school report cards.
Currently for sale
Homes for sale near 703 MORGAN STREET
$934,900
Multiplex631,100–1,500 sqft1312 AVENUE R AVENUE, 3601 - Eastway Gardens/Industrial Park, Ottawa
$674,900
Multiplex6+231,500–2,000 sqft193 DESCHAMPS AVENUE, 3402 - Vanier, Ottawa
$1,199,999
Multiplex631,500–2,000 sqft391 GREENWOOD AVENUE, 5105 - Laurentianview, Ottawa
$1,289,000
Multiplex832,500–3,000 sqft657 GOLDEN AVENUE, 5105 - Laurentianview, Ottawa
$515,000
Multiplex7+231,500–2,000 sqft466-468 CATHERINE STREET, 612 - Hawkesbury, Hawkesbury
$559,900
Multiplex732,000–2,500 sqft333 LEVIS AVENUE, 3404 - Vanier, Ottawa
$1,299,000
Multiplex5+232,500–3,000 sqft22 PARKGLEN DRIVE, 7301 - Meadowlands/St. Claire Gardens, Ottawa
$1,249,900
Multiplex843,500–5,000 sqft48 BOLTON STREET, 4001 - Lower Town/Byward Market, Ottawa