Turn-key triplex investment opportunity located in Ottawa's central east end in the established community of Castle Heights! This well-maintained property has been owned by the same owner since 1989 & offers stable long-term tenants, reliable income, 4 parking spaces & separate hydro meters for each apartment + common areas. All tenancies are month-to-month, providing excellent flexibility for investors looking to expand their portfolio or potentially owner/family occupy. Add'l income is generated through the coined washer & dryer located in the shared laundry room. Apt. 1 is a LL 1 bed, 1 bath unit feat. laminate flooring, an updated kitchen w/ eating area, renovated full bath & large windows for natural light. Apt 2 offers a spacious 2 bed, 1 bath layout w/ hardwood flooring in the living rm & primary bed, laminate flooring in the secondary bed & a bright eat-in kitchen. Apt 3 feat. 2 beds, 1 bath, hardwood flooring t/o the principal rooms & 2 dedicated parking spaces. Shared common areas incl. front & rear staircases, laundry rm, utility rm & under stair storage . Extensive updates completed t/o ownership incl. roof replacement in 2015, boiler installed in 2010, painted front & rear staircases in 2025, + significant basement improvements in 2009 incl. new drain lines, backup valve installation, insulation, concrete flooring, updated flooring t/o, renovated basement kitchen & bathroom & windows replaced over the years as well. The exterior offers a stucco finish, interlocked side & rear walkway/patio, shared backyard space, storage shed & garbage area. NOI of $26,372.11 w/ loads of upswing in quiet residential Castle Heights community! Conveniently Walk to transit on McArthur Ave/Donald. Mins to St. Laurent Blvd., Montréal Rd. & downtown. Nearby amenities incl. St. Laurent Shopping Centre, Trainyards, Costco, parks, rec centres & many restaurants. A great opportunity to own a centrally located income property with long-term upside in a growing area of Ottawa! (id:25961)
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Rooms
| Level | Type | Dimensions |
|---|---|---|
| Bathroom | Second level | 2.11 m x 1.36 m |
| Living room | Second level | 3.07 m x 4.73 m |
| Kitchen | Second level | 3.07 m x 4.36 m |
| Bedroom | Second level | 3.2 m x 3.57 m |
| Bedroom | Second level | 3.2 m x 3.32 m |
| Living room | Third level | 3.18 m x 4.73 m |
| Kitchen | Third level | 3.08 m x 4.36 m |
| Bedroom | Third level | 3.19 m x 3.56 m |
| Bedroom | Third level | 3.19 m x 2.71 m |
| Bathroom | Third level | 2.11 m x 1.36 m |
| Bedroom | Lower level | 3.2 m x 3.38 m |
| Kitchen | Lower level | 3.07 m x 4.53 m |
| Bathroom | Lower level | 2.26 m x 1.54 m |
| Laundry room | Lower level | 3.2 m x 1.99 m |
| Utility room | Lower level | 3.2 m x 1.99 m |
Details
- Amenities Nearby: Place of Worship, Public Transit, Schools
- Community Features: Community Centre
- Equipment: Water Heater - Gas, Water Heater
- Features: Carpet Free
- Parking Spaces: 4
- Rental Equipment: Water Heater - Gas, Water Heater
- Structure: Patio(s), Shed
- Transaction: For sale
- Zoning Description: R4E
Building
- Amenities: Separate Electricity Meters
- Appliances: Storage Shed, Window Coverings
- BasementType: N/A, N/A, Full, N/A (Finished)
- Basement Development: Finished
- Basement Features: Separate entrance, Apartment in basement, Walk out
- Bedrooms Main Level: 5
- Cooling: None
- Exterior Finish: Stucco, Concrete
- Fireplace Present: False
- Foundation: Block
- Bathrooms (Total): 3
- Heating: Other, Radiant heat
- Heating Fuel: Natural gas
- Size Interior: 1500 - 2000 sqft
- Stories Total: 3
- Type: Triplex
- Utility Water: Municipal water
Land
- Amenities: Place of Worship, Public Transit, Schools
- Fence: Fenced yard
- Sewer: Sanitary sewer
- Size Frontage: 40 ft
- Size Irregular: 40 x 72.5 FT
Listing provided by COLDWELL BANKER FIRST OTTAWA REALTY
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 397 BRANT STREET in Ottawa Ontario. It was last modified on May 29th, 2026. Contact the Nancy Wright Team to schedule a viewing or to discover other Ottawa homes for sale.