216 Carillon Street

Vanier and Kingsview Park, ON K1L 5X8

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.

Listing courtesy of FAULKNER REAL ESTATE LTD.

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Last checked 2026-11-05 03:50 AM UTC