This purpose-built triplex offers a rare investment opportunity in Ottawa’s desirable Vanier neighborhood. Positioned on a deep lot under R4-UA zoning, the property provides potential for future expansion, further enhancing its income-generating capabilities. The building has undergone over $150,000 in recent upgrades, including renovated kitchens, bathrooms, flooring, fire safety systems, and a new main entrance, ensuring strong physical condition and reduced maintenance risk for investors. The asset features a peak metal roof and a newly replaced gas furnace (2024), contributing to long-term durability and operational efficiency. Each of the three units is separately metered for electricity, with tenants responsible for their own hydro—streamlining expense management. Generating approximately $70,800 in annual revenue and a net operating income of $55,695, the property delivers stable, attractive returns. Additional income derives from on-site laundry facilities. The location benefits from its proximity to schools, parks, public transportation, and major retail options, making it appealing to tenants and ensuring sustained occupancy. Investors will appreciate the property’s strong market fundamentals and zoning flexibility, providing a compelling blend of current income and future upside.