248 GARNEAU Street, Vanier and Kingsview Park, ON K1L 7T8
3402 - Vanier, Vanier and Kingsview Park · Near Beechwood to Jolliet to Garneau · View map
About this home
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.
The home
- Type
- Triplex
- Style
- 2-Storey
- Square footage
- 1100-1500 sq ft
- Bedrooms
- 4
- Bathrooms
- 3
- Kitchens
- 3
- Rooms
- 10
- Basement
- Full, Finished
- Lot size
- 40 x 100 ft
- Faces
- East
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Exterior
- Stucco (Plaster)
Heating & cooling
- Heating fuel
- Gas
- Heating type
- Baseboard
- Air conditioning
- Central Air
- Fireplace
- No
Garage & parking
- Driveway spaces
- 4
- Total parking
- 4
Taxes & other
- Property taxes
- $6,856/yr
- Tax year
- 2026
- Occupancy
- Tenant
- Possession
- TBD
- Cross street
- Beechwood to Jolliet to Garneau
- Neighbourhood
- 3402 - Vanier
More
- Price per sq ft
- ~$558 (at 1,300 sq ft)
- MLS® number
- X14153340
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The home and its surroundings
- Water Heater Owned
- Sump Pump
- Public Transit
- Park
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
248 GARNEAU Street, Vanier and Kingsview Park, ON K1L 7T8
3402 - Vanier, Vanier and Kingsview Park · Near Beechwood to Jolliet to Garneau
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Listing history for 248 GARNEAU Street
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 248 GARNEAU Street
Answers come straight from this home’s MLS® listing.
How much is 248 GARNEAU Street listed for, and what would it cost each month?
248 GARNEAU Street is listed for $725,000. With 20% down ($145,000), the mortgage payment would be roughly $2,924 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $3,496 a month, all in. That figure is an illustration, not a quote.
Is 248 GARNEAU Street freehold or a condo, and is there a monthly fee?
248 GARNEAU Street is a triplex in 3402 - Vanier, Vanier and Kingsview Park. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
How many bedrooms and bathrooms does 248 GARNEAU Street have?
248 GARNEAU Street has 4 bedrooms and 3 bathrooms. The listing gives the style as 2-storey.
Does 248 GARNEAU Street have a garage and parking?
The listing does not show a garage. The driveway adds 4 spaces. In total the listing counts 4 parking spaces.
Does 248 GARNEAU Street have a finished basement?
The listing describes the basement as full, finished. Finished basement space is usually not counted in the square footage shown.
What style of home is 248 GARNEAU Street?
248 GARNEAU Street is a triplex. A multiplex holds two or more separate units under one roof, often bought to live in one unit and rent the others.
How big is 248 GARNEAU Street, and what is the lot size?
The listing puts the home between 1,100 and 1,500 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement. The lot is listed as 40 x 100 ft.
How is 248 GARNEAU Street heated and cooled?
Heating is baseboard (gas). Cooling is central air.
What are the property taxes for 248 GARNEAU Street?
Property taxes are $6,856 a year (2026), or about $571 a month.
Where is 248 GARNEAU Street?
248 GARNEAU Street is in the 3402 - Vanier community of Vanier and Kingsview Park. The nearest main intersection is Beechwood to Jolliet to Garneau. The postal code is K1L 7T8.
Is 248 GARNEAU Street still for sale?
Yes. It is an active listing (MLS® X14153340). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 248 GARNEAU Street asking?
Similar properties for sale nearby right now include 44 Ste Cecile Street at $679,000 (4 bed), 193 DESCHAMPS Avenue at $674,900 (4+2 bed) and 228 Carillon Street at $799,000 (4 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 248 GARNEAU Street sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 248 GARNEAU Street?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar properties nearby
More properties for sale near 3402 - Vanier, picked by style, size and price.
Duplex$679,00044 Ste Cecile Street, Vanier and Kingsview Park4 bed · 4 bath · 3402 - VanierCourtesy of: ROYAL LEPAGE TEAM REALTYView home →
Triplex$674,900193 DESCHAMPS Avenue, Vanier and Kingsview Park4+2 bed · 3 bath · 3402 - VanierCourtesy of: ENGEL & VOLKERS OTTAWAView home →
Duplex$799,000228 Carillon Street, Vanier and Kingsview Park4 bed · 2 bath · 3402 - VanierCourtesy of: ROYAL LEPAGE PERFORMANCE REALTYView home →Courtesy of: RE/MAX HALLMARK REALTY GROUP
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.