45.4440° N · 75.6690° W — Vanier, Ottawa — MLS® #X14153340
248 GARNEAU St
$725,000
Vanier, Ottawa, Ontario K1L 7T8
- 4
- BedroomsBeds
- 3
- BathroomsBaths
- 1100-1500 sqft1100-1500
- SizeSq ft
- 40 x 100 ft
- Lot sizeLot
Inquire about this listing
In short · from the listing record
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.
Listing readings
How it measures up
Scores from the listing record and the market around it.
78Good
Condition score
2 documented update signals
Listing age, structured features and disclosed update language; not an inspection.
47Near break-even
Cash flow quality
−$504/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Median of 128 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.
The data table
Every fact
Everything the board publishes for this home.
- Tax
- $6,856 / 2026
- MLS® number
- X14153340
- Board
- TRREB MLS®
- Property Type
- Triplex
- Time on market
- Size
- 1100-1500 sqft
- Lot Size
- 40 x 100 ft
- Listed on
- Parking
- Other, 4 Parking
Listing history
Listing activity for 248 GARNEAU St, Ottawa, Ontario
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| Date StartN/A | N/A | $725,000 | N/A | For Sale | X14153340 |
Inside
Room by room
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
Where it sits
The street and the area
Asking prices on the map.
Map and tour
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.
Around it
Triplex in Vanier
Active listings only, today.
Multiplexes for sale in Vanier right now
- For sale now
- 12
- Median asking price
- $844K
- New in 7 days
- 2
- Price cuts
- 33%
Middle half: $719K to $912K
5 in 28 days
4 listings
This home is asking 14% 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.
Site report
What the record says
What the City and the conservation authority have on file for this address.
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.
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.
Schools
Nearest schools
Straight-line distances. Check catchments with the board.
ElementaryEQAO average 2024–25
- École élémentaire publique Trille des BoisConseil des écoles publiques de l'Est de l'OntarioFrench-language public · grades JK–890%Grade 6 average500 m
- St Brigid Elementary SchoolOttawa Catholic School BoardCatholic · grades JK–6 · French Immersion60%Grade 6 average750 m
- Rockcliffe Park Public SchoolOttawa-Carleton DSBPublic · grades JK–6 · French Immersion80%Grade 6 average1 km
- Assumption Catholic Elementary SchoolOttawa Catholic School BoardCatholic · grades JK–6 · French Immersion66%Grade 6 average1.2 km
SecondaryGrade 9 math 2024–25
- École secondaire publique De La SalleConseil des écoles publiques de l'Est de l'OntarioFrench-language public · grades 9–1274%Grade 9 math1.6 km
- Ottawa Technical Secondary SchoolOttawa-Carleton DSBPublic · grades 9–12 · French Immersion23%Grade 9 math2.4 km
- École secondaire catholique de l’innovationConseil des écoles catholiques du Centre-EstFrench-language Catholic · grades 9–1267%Grade 9 math2.9 km
- Immaculata High SchoolOttawa Catholic School BoardCatholic · grades 9–12 · French Immersion55%Grade 9 math3.8 km
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.
Searches this home is in
Keep looking
The ledger
What it costs to own
Worked out for this home. Change any number.
A month, all in
$3,879
- Mortgage$3,308
- Property tax$571
A planning figure, not a quote.
Land transfer tax
$10,975
$6,975 for first-time buyers.
Rent, similar homes
$3,375
a month, median asking rent of 128 similar homes in Ottawa.
Community
Who lives around it
Similar homes
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Shemeer AhmadVALERY REAL ESTATE INC.
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