4 Bed, 3 Bath Triplex in Vanier and Kingsview Park
About 248 Garneau Street
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.
4 bedrooms, 3 bathrooms, about 1,100 sq ft, works out to roughly $659 per square foot. Chat with Zara if you'd like a deeper read on whether this triplex fits your budget and timing.
Inside 248 Garneau St
Every detail from the listing, in one place.
Type
Triplex
Style
2-Storey
Living space
1100-1500 sq ftas stated on the listing
Parking
4 spaces
Basement
Full, Finished
Features & systems
Parking & garage
Parking spaces
4
Interior
Basement
Full · Finished
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
2-Storey
Property class
Triplex
248 Garneau St Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X14153340$725,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 248 Garneau St Compares to the Vanier and Kingsview Park Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$3,562
/mo
based on the purchase price of $725,000
$145,000 cash
$580,000 financed
$488,512 total interest
Principal54%$580,000
Interest46%$488,512
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
For homeowners nearby
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in Vanier and Kingsview Park
Other 4–6 bed homes for sale in Vanier and Kingsview Park around $725K.
Average days on market44Homes sold in about 44 days on average.
Sale-to-list ratio96.9%On average, homes sold below asking.
Active listings119Homes for sale here right now.
Median vs prior 90 days−8.4%Compared with May 10 – Aug 8, 2026: prices down.
Based on 56 sales from Aug 8 – Nov 6, 2026 (54 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 248 Garneau St
How much is 248 Garneau St listed for?
248 Garneau St is listed at $725,000 (MLS® X14153340). Summitly updates the price as soon as the MLS® record changes.
Is $725,000 a good price for 248 Garneau St?
Summitly rates it Well Above Market: the asking price is 15% or more above Zara's estimate, an estimate built from recent sales in Vanier and Kingsview Park. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 248 Garneau St changed?
No — 248 Garneau St is still listed at its original asking price of $725,000.
How many bedrooms and bathrooms does 248 Garneau St have?
248 Garneau St has 4 bedrooms and 3 bathrooms, with about 1,100–1,500 square feet of living space. It is a triplex in Vanier and Kingsview Park.
How much would the monthly mortgage be on 248 Garneau St?
About $3,562 a month — principal and interest on $725,000 with 20% down ($145,000), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 248 Garneau St compare with other homes in Vanier and Kingsview Park?
Its asking price of $725,000 is about 47% above the median sold price in Vanier and Kingsview Park over the last 90 days, $494,500, across 56 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 248 Garneau St been sold before?
Summitly has no earlier MLS® sale or lease of 248 Garneau St on record from the last two years. Older records aren't shown under TRREB rules.
Where is 248 Garneau St?
248 Garneau St is in Vanier and Kingsview Park, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 248 Garneau St been on the market?
1 day — 248 Garneau St was listed on November 5, 2026.
What is the price per square foot of 248 Garneau St?
About $483 to $659 per square foot: the asking price of $725,000 over the 1,100–1,500 sq ft the listing gives as its size range.
Does 248 Garneau St have parking or a garage?
Yes — the listing gives 4 parking spaces.
Does 248 Garneau St have a basement, and is it finished?
The listing describes the basement as: Full, Finished.
