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    For Sale - 248 GARNEAU Street, Vanier and Kingsview Park, Ontario

    Est payment $3,481/mo
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    Time on Jump  3 day

    AI Summary *

    • Three-unit property near cafes, restaurants, groceries, transit, river pathways, and downtown cycling routes.
    • Self-contained units offer separate in-suite laundry and hydro meters.
    • Four parking spots, with one available for added rental income.
    • Recent upgrades include a high-efficiency furnace, owned tankless water heater, and foundation work.
    • Fully tenanted property with professionally managed operations and financial details available.




    The cash flow property you've been waiting for, just steps off beechwood avenue! This fully tenanted three-unit home sits half a block from the heart of beechwood village. Cafes, restaurants, bakeries, grocery and transit are all at your doorstep, with new edinburgh, rockcliffe park and the rideau river pathways a short walk away and downtown and the byward market only a 10 minute bike ride away. Locations like this rarely come to market, and tenant demand here is relentless. Investors: 6. 5% cap rate. Based on the current rent roll and the seller's 2025 operating costs, gross income is $61,167, operating expenses are just $13,756 and net operating income is $47,411. That's over $850/month(10,266/year) in positive cash flow at conventional financing. Three self-contained units: a 2 bedroom main floor, a 1 bedroom plus 2 den upper and a 1 bedroom lower level. Each unit has its own in-suite laundry and its own hydro meter (tenants pay hydro). There are 4 parking spots, rare for the area! Three are rented to the tenants for $1,800/year, and the fourth is available, an easy opportunity for additional income. Fantastic tenants are in place. The big-ticket items are done. A high-efficiency gas furnace and owned tankless water heater were installed in 2024, so there's no rental equipment. An engineered partial foundation replacement with a new sump pump was completed in 2021 and 2024, with over $83,000 invested. The front porch and its support wall were rebuilt in 2026, and the kitchens were updated in unit 2 (2018) and unit 3 (2022). Low expenses, low maintenance and professionally managed, this is a true turnkey investment in one of ottawa's most walkable pockets. Full financial package and pre-inspection available on request.
    Listing IDX14153340
    Address248 GARNEAU Street
    CityVanier and Kingsview Park, Ontario
    Price$725,000
    Bed / Bath4 / 3 Full
    Style2-Storey, Triplex
    ConstructionStucco (Plaster)
    TypeMulti-Family
    StatusFor Sale

    Subtype TriplexIndoor Features Water Heater Owned, Sump PumpAmenities Public Transit, ParkOwnership FreeholdBasement Full, FinishedFoundation Concrete, Concrete BlockHeating / Cooling BaseboardHeating Fuel GasSewer Sewer

    Parking 4.00
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    Listing Brokerage: RE/MAX HALLMARK REALTY GROUP

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    248 Garneau Street
    Vanier and Kingsview Park , Ontario
    4 3 $725,000
    Get more info