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Investment signal

$1,220,000

138 KING GEORGE STREET

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Beds

Baths

Sqft

—

Year

—

Type

Multi-family

Suite

Investment signal

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Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Ottawa. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Discover a prime investment opportunity with this well-maintained triplex at 138 King George Street. Total GOI for is $57,360, and Operating Expense is $10,978. NOI is 46,382. The property features three 2-bedroom 2-bathroom units. Located in Ottawa's desirable Overbrook neighborhood, this property offers an unbeatable location just minutes from Highway 417, with easy access to downtown and beyond. The St. Laurent Shopping Centre one of Ottawa's major retail destinations is only a short drive away, offering shopping, dining, and entertainment at your fingertips. The scenic Rideau River, with its nearby parks and walking/cycling paths, is just a short stroll away. Blending urban convenience with a touch of nature, this turn-key triplex is a smart addition to any real estate portfolio. Note the interior images are from Unit2 at 136 King George, which is mirrored layout. (id:65958)

Subtype: Multi-family
Structure: Triplex
Community: 3502 - Overbrook/Castle Heights
Lot dimensions: 32.1 x 84.9 FT
Bedrooms: 4 above grade, 2 below grade
Parking: 2 total
Stories: 2
On market: Jan 12, 2026
Status changed: Apr 24, 2026
Annual tax: $8,668.35 (2025)
Photos: 11
MLS#: X12686800
Area: OTTAWA

Features and systems

Parking

No Garage

Basement

Full

Appliances

RefrigeratorDishwasherStoveRange

Heating

Forced airNatural gas

Cooling

Central air conditioning

Exterior

BrickVinyl siding

Foundation

Concrete

Negative cash flow ~$1,314/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-6.46%

Cap rate

3.57%

GRM

16.7

Break-even rent

$7,484

Financing

Down payment$244,000

Loan amount$976,000

Mortgage$4,945/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$559

Insurance$80

Maintenance$1,017

CapEx reserve$508

Vacancy loss$305

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $4,945/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 24, 2026.