$500,000 – $600,000 Triplex For Sale

Ottawa, Ontario

Opportunities like this one in Bel Air Heights don’t surface often, and when they do, they move. 1237 Whitmore Avenue is a solid all-brick bungalow on a premium 55-foot lot in one of Ottawa’s most established west-end communities, just minutes from the 417, schools, parks, and everyday amenities. Even better, it is now vacant and ready for a quick possession.Built in 1960, the home offers 3 bedrooms, 2 full bathrooms, a fireplace, a finished basement, and a carport. The main level has been thoroughly cleaned and freshly painted, so you can walk in and picture yourself living here from day one. Downstairs, the basement has just come through significant recent work and is finished with brand new carpet, giving you flexible space for a family room, guest room, or home office. For added peace of mind, the seller is also installing a new sump pump.There is still room to add your own updates, and the home is priced to reflect that. Whether you’re a buyer ready to make it your own or an investor with an eye for potential, this property rewards vision. The lot configuration and zoning in this pocket may support conversion to a duplex, triplex, or the addition of a coach house at the rear. Buyers are encouraged to do their own due diligence with the City of Ottawa.No tenants, no notice periods, no waiting. If you’ve been watching for the right west-end property at the right price, book your showing today. (id:66888)

Cornwall, Ontario

Attention Investors! An excellent opportunity to add a versatile income-generating property to your investment portfolio! Welcome to 127 Gardner Street, ideally situated just steps from local parks and the St. Lawrence River, with convenient access to St. Lawrence College and everyday amenities, making it an attractive location for tenants and students alike.This triplex, complete with an additional basement in-law suite, offers multiple income streams and excellent flexibility for both investors and owner-occupants. The spacious main-floor unit is currently vacant and was previously rented for $1,800/month, featuring one bedroom, a den, and additional living space in the bright solarium. The vacant basement in-law suite offers a comfortable one-bedroom layout and previously generated $1,400/month. Upstairs, you’ll find two occupied units: a one-bedroom apartment currently rented for $824/month, and a bachelor apartment generating $800/month.Currently generating $19,488 in annual gross rental income from just two occupied units, this property offers significant potential for increased cash flow. By renting the two vacant units at their previous rental rates, the property could generate an impressive $4,824/month or $57,888 annually in gross rental income, before expenses.Additional features include one parking space per unit, three 5′ x 5′ tenant storage lockers, and a spacious 18′ x 12′ shed offering potential for additional rental income or convenient owner storage.Whether you’re looking to expand your investment portfolio, capitalize on the opportunity to increase rental income, or occupy one of the vacant units while having rental income help offset your living expenses, 127 Gardner Street is an opportunity worth exploring! Minimum 24 hours’ notice required for all showings. As per Form 244, all offers must contain a 24-hour irrevocable clause. (id:66888)

Ottawa, Ontario

Opportunity to own a solid triplex in a well-established Ottawa neighbourhood with strong rental demand! This property features three spacious 2-bedroom, 1-bathroom units, each offering hardwood flooring, ceramic tile in the kitchens and bathrooms, and practical layouts that appeal to tenants. Several updates have been completed over the years, including renovated units, newer windows, and a resurfaced driveway. A detached single-car garage provides additional storage or parking options. Tenants pay their own hydro, helping to keep operating costs down. A great option for investors looking to add to their portfolio or those seeking a multi-unit property with long-term potential. (id:66888)

Ottawa, Ontario

Investor Alert! Welcome to 492 Vernon Avenue on a quiet residential street within walking distance to St. Laurent recreational complex. An exceptional opportunity for investors, developers, or buyers looking to unlock incredible future potential. This estate sale offers a rare chance to acquire a single-family home situated on a generous lot with the opportunity to renovate the existing layout into two one-bedroom basement apartments, creating a triplex opportunity. The upper level has 3 bedrooms and the lower level has 2 one-bedroom apartments ready to renovate with the existing layout. Can also be converted to a family home. Zoning is R3A, R4B. Whether you’re looking to expand your investment portfolio, generate rental income, or maximize the property’s potential, this is an opportunity you won’t want to miss. Ideally located just minutes from downtown Ottawa and close to schools, parks, public transit, shopping, restaurants, hospital and all essential amenities. Property is being sold AS-IS where-is, with no representations or warranties by the Estate. (id:66888)

Ottawa, Ontario

Exceptional Opportunity for Investors, Multi-Generational Families, or Owner-Occupants! This formerly triplex property offers a rare chance to secure immediate vacant possession, set market rents, and choose your own tenants. Ideal for investors, extended families, or buyers seeking long-term upside, income potential, and future redevelopment opportunities. Located on a 47′ x 113′ lot and zoned R4, the property provides strong development and value-add potential in a highly desirable Ottawa location. The layout includes a 3-bedroom upper unit, a 2-bedroom main floor unit, and a 1-bedroom basement unit, all finished with carpet-free flooring for durability and low maintenance. Built in 1956 and lovingly held as a family home since April 1965, the property combines solid construction with timeless character. It is ready to be enjoyed as-is or thoughtfully modernized to suit your vision. A standout feature is the abundant storage throughout, offering rare and practical functionality across all levels. The basement unit provides added income potential and flexibility, making it well-suited for multi-generational living or investors aiming to maximize returns. An attached garage offers versatile space, ideal for storage or a very small vehicle. Conveniently located just minutes from downtown Ottawa, the property benefits from strong rental demand with close proximity to transit, parks, schools, and amenities. Recent updates include PVC windows and a newer roof, helping reduce near-term maintenance costs. Three hydro meters are already in place for efficient utility management. With vacant possession, strong location fundamentals, and multiple future pathways, this property presents a compelling combination of immediate income potential, long-term appreciation, and redevelopment opportunity in one complete package. (id:66888)

Ottawa, Ontario

INVESTMENT OPPORTUNITY for under $675,000! Three Storey semi detached TRIPLEX in the heart of Chinatown. Zoned R4H and Ideally located with a school directly across the street and just minutes to Downtown, Little Italy, public transit, shopping, restaurants, parks, and all amenities. This centrally located income property offers an excellent opportunity for investors looking to expand their portfolio or those seeking a property with strong rental potential. Situated on an 18.18′ x 71.19′ lot, the property includes one front parking space and a spacious backyard for tenants to enjoy. Offering an attractive CAP RATE of 6.12% and Gross Annual rental income of $51,924 this is a turnkey investment with immediate cash flow. Rented on an All Inclusive basis. Unit 1: A two bedroom, one bathroom unit on the main floor with access to the finished basement, providing additional living space and a dedicated laundry area. The kitchen and several interior finishes were updated in 2022, along with newer floors in 2026. Unit 2: One bedroom, one bathroom apartment on the second floor with its own washing machine. Unit 3 is a one bedroom, one bathroom unit that provides additional rental income. The property is heated by natural gas forced air and serviced by one hydro meter. All appliances are included! Located in one of Ottawa’s most desirable rental areas with consistent tenant demand, this property offers excellent long term investment potential and the opportunity to generate reliable income from day one. A fantastic opportunity to own an affordable multi unit property in a prime central location. Book your private showing today! 24 hour irrevocable required (id:66888)

Hawkesbury, Ontario

Well-maintained and fully tenanted triplex offering strong and stable income, generating *approximately $30,000 in net annual income. This solid investment property features a desirable unit mix of **two 2-bedroom units and one 3-bedroom unit*, each thoughtfully laid out and well cared for. All units have been *updated approximately 10 years ago*, providing improved finishes and long-term durability while maintaining strong tenant appeal. The property is fully occupied with reliable tenants in place, offering immediate cash flow for investors. Located in a convenient area of Hawkesbury close to schools, shopping, parks, and essential amenities, this property is well-positioned for consistent rental demand. A rare opportunity to acquire a *turnkey multi-family investment* with strong income performance and minimal vacancy risk. Ideal for both seasoned investors and those looking to enter the multi-residential market. (id:66888)

Ottawa, Ontario

Great Investment Opportunity! Large lot , .56 acres with plenty of Parking and no rear neighbours. Large detached garage/shed on the property with 60 amp service, potential for storage income. Updates include, but are not limited to: Furnace 2019, Drywall Fire Separations, Electrical, Air conditioning 2022, kitchen cabinets Unit # 1, 2019, new flat roofs, 2023, Septic cleaned and water tested regularly. The property has had 3 Apt. units for over 25-30 years. The buyer will need to conduct their own due diligence with the city regarding the property, as a legal non-conforming Triplex, at their own expense. Rental Income Apt. 1,2 bedroom $1700 per month, Apt. 2, 1 bedroom, $1500, Apt. 3, 2 Bedroom, $ 1400/mos. Property generates a total of $ 4600/mth. 2 of 3 leases are now m-t-m with the latest tenant on a 1-year lease. Summary of expenses available upon request. Above-grade square footage is an estimate. Enjoy the amenities & lifestyle offerings of lovely Manotick, walking distance to St Mark’s High School & George Nelms Sports Park, a short commute to downtown and close to the 416. Don’t miss this opportunity! Property and appliances are being sold ” as is, where is ” condition. SHOWINGS REQUESTS: 48 hours notice for Showings as the property is tenant-occupied. ** This is a linked property.** (id:66888)

Ottawa, Ontario

Excellent triplex located on a quiet street across from a park! All three units are 2 bedrooms, with their own laundry , great open concept layouts and hardwood floors throughout. Top floor unit features a private balcony and vaulted ceilings. Three parking spots. All tenants are now month-to-month, total annual rent is $55,831.44. (id:66888)

Brockville, Ontario

Step into timeless charm and modern versatility with this Victorian-era, three-story semi-detached duplex ideally located in Downtown Brockville, just moments from the St. Lawrence River. Pictures truly don’t do it justice. This incredible property generates an impressive income of $57,000 annually. Rich in character yet thoughtfully updated, this property offers an exceptional opportunity for homeowners and investors alike. The main residence is now rented for $2,750/mo, spans three levels and features three spacious bedrooms, two full bathrooms, and a fully renovated kitchen designed for both everyday living and entertaining. Original architectural details blend beautifully with contemporary finishes, creating a warm and welcoming atmosphere throughout. Furnace recently replaced. The separate bachelor apartment is equally impressive, complete with its own laundry and currently generating $2,000 per month in rental income, an ideal mortgage helper or turnkey investment. This tenant has given notice for October 1st, 2026, presenting the new owner with the opportunity to occupy this unit themselves or choose their own tenant! To further investment potential, this could become a fantastic triplex with the right modifications. Set in the heart of Downtown Brockville, this property is within walking distance to the waterfront, shops, restaurants, and amenities, delivering the perfect blend of historic charm, urban lifestyle, and income potential. Brand new furnace 2026. (id:66888)

Ottawa, Ontario

SINGLE FAMILY HOME DIVIDED WITH TWO EXTRA UNITS IN LOWER LEVEL. ONE UNIT VACANT, GREAT OPPORTUNITY TO LEGALIZE AS A TRIPLEX OR CONVERT BACK TO A SINGLE FAMILY HOME (id:50982)