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Investment signal

$699,900

216 HANNAH STREET

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Beds

Baths

Sqft

—

Year

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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

CAP RATE 5.7%! Updated and well maintained TRIPLEX on a corner lot with three 1-bedroom units and two parking spots. Unit 1 - features a two-storey unit with an updated kitchen with microwave/hoodfan, eating area, a family room on the main floor, in-unit laundry and a large bedroom on the second floor with walk-in closet and full bathroom with laundry. Tenant pays $1,600 per month + hydro. Unit 2 - features a 1 bedroom unit with full kitchen, good size living room, in-unit laundry and full bathroom with laundry. Tenant pays $1,250 per month + hydro. Unit 3 - features a 1 bedroom apartment with full kitchen with eating area, spacious living room, and balcony. Tenant vacating (projected rent $1,800 per month). Updates: Heating (2022), Roof (2017), Windows (2017). NOI: $39,605 (approx.) (id:65958)

Subtype: Multi-family
Structure: Triplex
Community: 3402 - Vanier
Lot dimensions: 44.3 x 66 FT ; 0
Bedrooms: 3 above grade
Parking: 2 total
Stories: 2
On market: Mar 11, 2026
Status changed: Apr 24, 2026
Annual tax: $4,925.71
Zoning: R4
Photos: 16
MLS#: X12873262
Area: OTTAWA

Features and systems

Parking

OtherNo Garage

Basement

UnfinishedCrawl space

Appliances

WasherRefrigeratorOvenDryerMicrowave

Heating

Radiant heatNatural gas

Cooling

None

Foundation

Poured Concrete

Negative cash flow ~$788/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

-6.75%

Cap rate

3.51%

GRM

16.7

Break-even rent

$4,329

Financing

Down payment$139,980

Loan amount$559,920

Mortgage$2,837/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$321

Insurance$80

Maintenance$583

CapEx reserve$292

Vacancy loss$175

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 $2,837/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.