216 Carillon Street, Vanier and Kingsview Park

$1,195,000
216 Carillon Street

$1,195,000

New
19d
Triplex2-Storey

216 Carillon Street, Vanier and Kingsview Park

Total Monthly Obligation $5,803

Beds
6
Baths
3
Park
3
Sqft
1500-2000
DOM
19d
Yield
4.4%
Cash on Cash
-4.8%
Cap Rate
3.5%
5Y IRR
11.8%
10Y IRR
11.6%
Property Type-Triplex
MLS® Number-X13862266
Beds-6
Bathrooms-3
Size-1500-2000 sqft
Lot Size-31 × 88.39 ft
Listed on site-Oct 4, 2026
Style-2-Storey
Building Type-Triplex
Taxes-$7,297 (2026)
Parking-3 - None
Basement-Finished
Heating-Forced Air (Gas)
Brokerage-FAULKNER REAL ESTATE LTD.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-South
Exterior-Other, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-Immediate
Neighbourhood-3402 - Vanier
Title-Residential Freehold

No agent assigned

Turn-key legal triplex built in 2014, exceptionally well maintained and ideally located in the heart of Vanier. Offering the perfect combination of modern construction, strong tenants, excellent functionality, and future upside, this property is an ideal opportunity for investors looking for a low-maintenance income-producing asset. Each of the three self contained units features its own hydro meter, furnace, central air conditioning, and in-unit laundry, and water heater(all 3 water heaters replaced in 2025) while the property also offers three surfaced parking spaces. The current tenants are excellent and pay all utilities, with the landlord responsible only for water-helping keep operating costs low and cash flow strong. Current monthly rents are $2,050 , $2,150, and $1,990, providing a solid income base with additional potential for future rental growth. The property has been exceptionally well maintained and features durable ceramic and laminate flooring throughout, making it a true turnkey investment with little to do beyond managing the tenancy. Located just minutes from downtown Ottawa, with convenient access to transit, major roadways, shopping, restaurants, parks, and a growing selection of local amenities, Vanier continues to attract residents and investment. Just a one-minute walk from the newly announced Vanier Recreation Centre and community hub planned for 250 Montréal Road, adding an exciting new amenity right at the property's doorstep. The property's modern build, separate utilities, individual laundry facilities, parking, and strong tenant profile make this a particularly attractive package in today's market. Washer and Dryer in unit 2 were replaced in 2025. Annual Operating Income: $74,291.36. Annual Operating Expenses: $15,534.47. Net Operating Income (NOI): $58,756.93. Cap Rate: 4.92%. 24-hour irrevocable on all offers. Some images have been virtually staged.

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Closing Costs

Mortgage Amount
$956,000
Land Transfer Taxes$20,375
Legal Fees (Est.)
$
Total cash required for closing$260,875

Total Monthly Obligation

$5,803/mo
Mortgage $4,820
Monthly Loss $4,535
Principal$1,268
Interest$3,552
Property Tax$608
Home Insurance$125
Variable Costs$250

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*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 216 Carillon Street

Time

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