For SaleTriplex · 2-StoreyMLS® #X14153340 · TRREB MLS®
248 GARNEAU St, Ottawa, Ontario
Vanier, Ottawa, Ontario K1L 7T8
- Bedrooms
- 4
- Lot Size
- 40 x 100 ft
- Bathrooms
- 3
- Type
- Triplex
- Basement
- Full
$725,000
Estimated market value
About 248 GARNEAU St
248 GARNEAU St is a 4-bedroom, 3-bathroom triplex in Vanier, Ottawa, listed for sale at an asking price of $725,000 (MLS® X14153340).
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.
Insights
Condition Score
Good2 documented update signals
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Near break-even−$479/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 125 homes with 4 bedrooms for lease in Ottawa right now. Cost of owning counts the mortgage and property tax.
Condition uses listing-record signals, not an inspection.
Key facts
- Tax
- $6,856 / 2026
- MLS® number
- X14153340
- Board
- TRREB MLS®
- Property Type
- Triplex
- Days on market
- Size
- 1100-1500 sqft
- Lot Size
- 40 x 100 ft
- Listed on
- Parking
- Other, 4 Parking
Listing history
Buy/sell history for 248 GARNEAU St, Ottawa, Ontario
Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| Date StartN/A | N/A | $725,000 | N/A | For Sale | X14153340 |
Members see the full history. Prices are hidden from signed-out visitors.
Estimate
Estimated value requires sign in
Market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.
The estimate is an automated value built from public and MLS® data. It is not an appraisal; ask Michelle Lacroix for a full comparative market analysis.
Property details
Property
- Property Type
- Triplex
- Style
- 2-Storey
- Community
- Vanier
- Municipality
- Ottawa
Building
- Size
- 1100-1500 sqft
- Construction
- Stucco/Plaster
Inside
- Bedrooms
- 4
- Bathrooms
- 3
- Bathroom Details
- 1 × 3pc 2nd, 1 × 3pc Ground, 1 × 3pc Bsmt
- Basement Type
- Full
- Kitchens
- 3
Parking
- Garage Type
- Other
- Additional Parking
- 4
- Total Parking
- 4
Utilities
- Water
- Municipal
- Cooling
- Central Air
- Heating Type
- Baseboard
Land
- Sewer
- Sewers
- Frontage
- 40 ft
- Depth
- 100 ft
- Lot Size
- 40 x 100 ft
Additional
- Foundation
- Concrete, Concrete Block
- Roof
- Metal
- Fireplace
- No
- Pool
- None
- Den
- Yes
- Family room
- Yes
- Extras
- 3 Fridges, 3 Stoves, 1 Dishwasher, 2 washers, 2 dryers, 1 combo washer/dryer, HWT on demand
Rooms
Room details unavailable
The listing source did not provide room-level measurements or features.
Map and tour
Multiplexes for sale in Vanier right now
- For sale now
- 11
- Median asking price
- $790K
- New in 7 days
- 2
- Price cuts
- 36%
Middle half: $712K to $925K
3 in 28 days
4 listings
This home is asking 8% below the median.
See all homes in VanierAsking prices and counts of the MLS® listings on this site as of today. Asking figures only, never sold or leased prices.
Land transfer tax on this home
- Ontario land transfer tax
- $10,975
- Total land transfer tax
- $10,975
- First-time buyer rebates (Ontario up to $4,000)
- −$4,000
- Total for first-time buyers
- $6,975
See how this is worked out
- 0.5% on the first $55,000
- $275
- 1.0% from $55,000 to $250,000
- $1,950
- 1.5% from $250,000 to $400,000
- $2,250
- 2.0% from $400,000 to $725,000
- $6,500
- Ontario total
- $10,975
An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.
Land and environment
Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.
Water and conservation4
- Not in Rideau Valley Conservation Authority’s mapped regulated areaAt the address
- Not in the municipality’s mapped flood areaAt the address
- No mapped wetland within 120 m120 m
- No water-supply well recorded within 250 m23 test or monitoring holes also recorded.250 m
Rideau Valley Conservation Authority · Municipal flood mapping · Province of Ontario open data
Planning and building activity3
- Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areasAt the address
- 16 building permits issued within 250 m in the last 2 yearsCreating 19 new homes.250 m
- Nearest airport: 2.3 km2.3 km
Province of Ontario open data · Municipal building permits
Around the home2
- Transit stop within 400 mFrom the transit agency’s published stop map; the nearest is 100 m away. Routes and stops change; check the agency’s schedule.400 m
- A trail on the Ontario trail network within 1 km1 km
Municipal transit open data · Province of Ontario open data
Environmental records4
- No licensed pit or quarry within 2 km2 km
- No recorded oil, gas or salt well within 250 m250 m
- No facility within 1 km reports pollutant releases to Environment CanadaThe nearest is Royal Canadian Mint — Ottawa, 2.8 km away. Only facilities above the inventory’s reporting thresholds are listed.1 km
- 1 federal contaminated site within 1 km1 still active or suspected; the rest are closed. The federal inventory covers federal land only, not provincial or private sites.1 km
Province of Ontario open data · Government of Canada open data
Power and internet3
- Electricity is distributed here by Hydro Ottawa LimitedAt the address
- Wired internet 50/10 Mbps or faster is listed at this locationFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (10 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.At the address
- Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Bell, FibreStream, Rogers. Cable: Rogers. DSL: Bell. Fixed wireless: OmniTEC Wireless, Rogers, Storm Internet, Xplore. Mobile: Bell, Rogers, Telus, Vidéotron. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.Area-wide
Ontario Energy Board · Innovation, Science and Economic Development Canada
Each record is placed at the distance its own line states. None of it is an inspection of the property. Confirm anything that matters to you with the municipality, Rideau Valley Conservation Authorityor the record’s publisher.
Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – City of Ottawa. Contains information licensed under the Open Government Licence – Ontario.
Schools nearby
| Elementary | Type | Distance | EQAO average 2024–25 |
|---|---|---|---|
| École élémentaire publique Trille des BoisConseil des écoles publiques de l'Est de l'Ontario | French-language public · grades JK–8 | 500 m | 90%Grade 6 average |
| St Brigid Elementary SchoolOttawa Catholic School Board | Catholic · grades JK–6 · French Immersion | 750 m | 60%Grade 6 average |
| Rockcliffe Park Public SchoolOttawa-Carleton DSB | Public · grades JK–6 · French Immersion | 1 km | 80%Grade 6 average |
| Assumption Catholic Elementary SchoolOttawa Catholic School Board | Catholic · grades JK–6 · French Immersion | 1.2 km | 66%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| École secondaire publique De La SalleConseil des écoles publiques de l'Est de l'Ontario | French-language public · grades 9–12 | 1.6 km | 74%Grade 9 math |
| Ottawa Technical Secondary SchoolOttawa-Carleton DSB | Public · grades 9–12 · French Immersion | 2.4 km | 23%Grade 9 math |
| École secondaire catholique de l’innovationConseil des écoles catholiques du Centre-Est | French-language Catholic · grades 9–12 | 2.9 km | 67%Grade 9 math |
| Immaculata High SchoolOttawa Catholic School Board | Catholic · grades 9–12 · French Immersion | 3.8 km | 55%Grade 9 math |
EQAO: share of students at or above the provincial standard, 2024–25 (Ontario open data). These are the schools nearest this home, not the schools it is assigned to: boundaries change, and some schools take students by application. Confirm with the board before you buy. Contains information licensed under the Open Government Licence – Ontario.
Transit nearby
| Station | Lines | Distance |
|---|---|---|
| uOttawa | OC Transpo light rail: O-Train Line 1 | 2.6 km |
| Rideau | OC Transpo light rail: O-Train Line 1 | 2.6 km |
| Lees | OC Transpo light rail: O-Train Line 1 | 3.1 km |
| Tremblay | OC Transpo light rail: O-Train Line 1 | 3.1 km |
| Lycée Claudel | OC Transpo bus rapid transit: Transitway | 4.2 km |
The nearest subway, light rail, train, bus rapid transit stations 5 km, as the crow flies. Source: OC Transpo schedule data (GTFS) from the City of Ottawa under the Open Government Licence – City of Ottawa, downloaded October 18, 2026. Contains information licensed under the Open Government Licence – City of Ottawa.
Lot
- Street frontage
- 40 ft12.2 m
- Depth
- 100 ft30.5 m
The record marks this lot irregular, so its area is not the frontage multiplied by the depth. It is not given here. Confirm with a survey before you buy.
Source: the MLS® listing record.
Comparable sales
Comparable sales require sign in
Closing prices and sold comps are available to registered visitors who accept MLS® VOW terms on this site.
Mortgage Calculator
Plan with the current asking price
CMHC insurance: not required at 20% down. Payments use Canadian semi-annual compounding.
Mortgage Details
4.8% · 5-year term · 25-year amortization · 20% down
- Total down payment
- $145,000
- Total mortgage amount
- $580,000
- Total interest payment
- $412,400
- Total purchase cost
- $1,137,400
- Mortgage payment
- $3,308/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
32%Monthly carrying cost
$3,879- Rent $3,400
- Shortfall $479
Rental income opens at $3,400, the median asking rent of 125 comparable homes for lease in Ottawa. Type over it with the rent you expect. This is a planning tool, not advice.
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