Scott Morgan - Sutton
44 Baldwin Street
Brooklin, ON L1M1A2
Description
An exceptional turn-key investment opportunity awaits at 703 Morgan Street, a versatile, high-yielding triplex designed to maximize cash flow and long-term equity growth. The property features two spacious, identical three-bedroom, one-bathroom layouts on the top and middle floors, complemented by a cozy one-bedroom, one-bathroom lower unit. With the middle unit currently vacant, buyers gain an immediate value-add strategy to set projected market rent, house-hack, or select their own premium tenant while enjoying steady income from established, month-to-month residents. Tenants pay their own hydro via separate electrical panels and outdoor meters updated in 2016, keeping landlord utility overhead remarkably low. Major mechanicals and structural components have been systematically upgraded for worry-free ownership, including a new roof (2018), replacement windows (2017), gas meter update (2014), and a newly paved driveway (2025). Capital expenditure worries are minimized with three fully owned water heaters-replaced in 2016, 2018, and 2023-and low common electrical costs covering exterior and stairwell lighting. The building is complete with shared tenant laundry and dedicated storage facilities, enhancing overall tenant retention and convenience. Positioned with strong existing revenue, reliable tenancy, and significant upside potential in the vacant unit, this well-maintained asset is a rock-solid addition to any real estate portfolio. (id:13843)
Details
| MLS # | X13822468 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 29 |
| Listing Provided By | LPT REALTY | Miguel Vidal |
Features
| Bed(s) | 7 |
|---|---|
| Bath(s) | 3 Total |
| SQ Feet | 2,000 |
| Basement | Y |
| Story(s) | 2 |
Interior
| Cooling | Window air conditioner, None |
|---|---|
| Heating | Forced air, Natural gas |
| Appliances | Washer, Refrigerator, Stove, Dryer, Water Heater |
| Fireplace Yes / No | No |
Exterior
| Foundation Details | Poured Concrete |
|---|
Parking
| Parking Features | No Garage |
|---|---|
| Parking Total | 8 |
Utilities
| Sewer | Sanitary sewer |
|---|---|
| Water Source | Municipal water |
Taxes
| Tax Annual Amount | 6000 |
|---|---|
| Tax Year | 2026 |
Area Information
| Province | ON |
|---|---|
| City | Ottawa |
| Postal Code | K1K3M3 |
| Listing VS Median (in K1K3M3) | |
Price: $899,900 low | high Med: $899,900 sqft: 2,000 low | high Med: 2,000 $ / sqft: $450 low | high Med: $450 On site: 29 low | high Med: 29 | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | Ottawa |
| Postal Code | K1K3M3 |
| Listing VS Median (in K1K3M3) | |
Price: $899,900 low | high Med: $899,900 sqft: 2,000 low | high Med: 2,000 $ / sqft: $450 low | high Med: $450 On site: 29 low | high Med: 29 | |
Nearby Listings (Within 1/10 mile)
Price: $674K - $1.124M
sqft: 1,500 - 2,500
Listing Updated: October 22, 2026 at 10:01:08 AM PDT
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