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.
Full Property Details
Interior
Bedrooms
6
Bedrooms Plus
1
Total Bedrooms
7
Washrooms
3
Square Footage
2000-2500 sqft
Basement
Finished
Heating Source
Gas
Heating Fuel
Forced Air
Air Conditioning
None,Window Unit(s)
Family Room
No
Kitchens
2
Kitchens Plus
1
Total Kitchens
3
Fireplace Features
No
Bedrooms
6
Bedrooms Plus
1
Total Bedrooms
7
Washrooms
3
Square Footage
2000-2500 sqft
Basement
Finished
Heating Source
Gas
Heating Fuel
Forced Air
Air Conditioning
None,Window Unit(s)
Family Room
No
Kitchens
2
Kitchens Plus
1
Total Kitchens
3
Fireplace Features
No
Exterior
Depth
92.0
Front
59.63
Lot Size
60 x 92.0 ft
Pool
None
Parking Spaces
8
Total Parking Spaces
8.00
Parking Description
None
Garage Spaces
0
Depth
92.0
Front
59.63
Lot Size
60 x 92.0 ft
Pool
None
Parking Spaces
8
Total Parking Spaces
8.00
Parking Description
None
Garage Spaces
0
Building Description
Style
2-Storey
Home Type
Apartment
Subtype
Triplex
Property Orientation
South
Exterior Finish
Brick
Sewers
Sewer
Water Supply
Municipal
Possession Date
No Data
Style
2-Storey
Home Type
Apartment
Subtype
Triplex
Property Orientation
South
Exterior Finish
Brick
Sewers
Sewer
Water Supply
Municipal
Possession Date
No Data
Community
Community
Vanier
Community
Vanier
Taxes & Fees
Taxes
$6,000 /yr
Tax Year
2026
Occupancy
Partial
Taxes
$6,000 /yr
Tax Year
2026
Occupancy
Partial
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