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    For Sale - 703 Morgan Street, Vanier and Kingsview Park, Ontario

    Est payment $4,321/mo
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    Time on Jump  30 day

    AI Summary *

    • Versatile triplex designed for steady rental income and cash flow.
    • Two spacious three-bedroom units and a cozy one-bedroom unit.
    • Vacant middle unit offers immediate value-add potential for investors.
    • Upgraded mechanicals, including a new roof and replacement windows.
    • Shared laundry and storage facilities enhance tenant convenience.




    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.
    Listing IDX13822468
    Address703 Morgan Street
    CityVanier and Kingsview Park, Ontario
    Price$899,900
    Bed / Bath7 / 3 Full
    Style2-Storey, Triplex
    ConstructionBrick
    TypeMulti-Family
    StatusFor Sale

    Subtype TriplexIndoor Features Water Heater OwnedOwnership FreeholdBasement FinishedFoundation Poured ConcreteHeating / Cooling Forced AirHeating Fuel GasSewer Sewer

    Parking 8.00
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    Listing Brokerage: LPT REALTY

    * 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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    703 Morgan Street
    Vanier and Kingsview Park , Ontario
    7 3 $899,900
    Get more info