Triplex for Sale in Ottawa
201 Ethel Street
Ottawa, Ontario
$579,900
538 Mutual Street
Ottawa, Ontario
$749,900
14 Somerset Street W
Ottawa, Ontario
$1,425,000
95 Barrette Street
Ottawa, Ontario
$1,050,000
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Why buy a triplex in Ottawa
A triplex gives you three rental units in one building. That means one purchase, one mortgage, and three streams of rent.
Two kinds of buyers do well with triplexes in Ottawa:
- Investors who want steady rental income from a single building.
- Owner-occupiers who live in one unit and rent the other two to help cover the mortgage. People call this house hacking.
Ottawa rental demand stays strong, which keeps interest in multi-unit homes steady even as the wider market slows. Buyers also have more negotiation power right now than during the hottest market years. For the right building at the right number, this is a good time to look.
What to check before you buy a triplex
A triplex has more moving parts than a single-family home. Review these points before you make an offer.
- Legal units.
Confirm all three units are legal and registered. Some buildings have an extra unit that was never approved. An illegal unit can affect financing, insurance, and resale. - Zoning.
Check that the zoning allows three units. Your agent and lawyer can confirm this with the City of Ottawa. - Fire separation.
Each unit needs proper fire separation between walls and floors. Ask if the building meets current fire code. - Separate meters.
Find out if hydro, gas, and water are metered separately. Separate meters let tenants pay their own utilities, which protects your cash flow. - Current rents and leases.
Review the rent and lease terms for each unit. Ontario rules limit how fast you can raise rent on existing tenants.
- Vacant possession.
Decide if you need a unit empty when you move in. If you plan to live there, you may need vacant possession of one unit, arranged the right way under Ontario law. - Insurance.
Multi-unit homes cost more to insure than single-family homes. Get a quote early so you can plan for it. - Financing.
A triplex you live in can often be financed like a home. A triplex you rent out fully is treated as an investment, which usually means a larger down payment. Talk to a mortgage broker before you shop. - Operating expenses.
Add up property taxes, insurance, utilities you cover, maintenance, and a vacancy buffer. These costs decide if the building makes money. - Condition and repairs.
Older triplexes can need wiring, plumbing, roof, or heating updates. Budget for repairs so a surprise does not erase your returns.
Triplex vs Duplex vs Fourplex
Not sure which multi-unit home fits your plan? Here is a quick comparison.
| Property type | Units | Best for | Financing note |
|---|---|---|---|
| Duplex | 2 | First-time investors and house hackers | Often financed like a home if you live in one unit |
| Triplex | 3 | Buyers who want more rental income from one building | Easier to finance when you live in one unit |
| Fourplex | 4 | Investors focused on cash flow | Usually treated as a commercial-style purchase |
Want to compare your options?
We can show you duplex, triplex, and fourplex listings side by side.
Run the numbers before you book a showing
A triplex only makes sense if the rent covers the costs and leaves room for profit. Before you fall for a building, check the math.
Use our free Rental Property Calculator to estimate:
- Monthly cash flow after the mortgage and expenses
- Your return on the cash you put in
- How a vacancy or repair changes the numbers
Run a few scenarios. If the numbers work, we will book showings and help you make a smart offer.
Where to find triplexes in Ottawa
Triplexes are most common in Ottawa’s older, central neighbourhoods, where larger homes were converted into multi-unit buildings. Areas to watch include Centretown, Hintonburg, Vanier, Sandy Hill, and Lowertown. You will also find multi-unit homes in parts of the east end and across the river in the Ottawa-Gatineau corridor.
Inventory changes often. The listings above show what is available right now. Tell us your budget and target area, and we will set up alerts so you see new triplexes first.
Buy your triplex with a team that knows multi-unit homes
Multi-unit deals have more moving parts than a single-family purchase. You want an agent who has done this before.
Our team has a strong track record:
- 700+ transactions since 2008
- 650+ families helped
- RE/MAX Hallmark Top 100 Teams for six straight years
- Bilingual service in English and French
Real Estate Agent in Ottawa
Our team of highly qualified professionals will guide you through every step of buying or selling your property
Nicholas Labrosse
Ottawa Award-Winning Realtor
RE/MAX Realty / Labrosse Real Estate Group
Ashley Gray
Ottawa's "Family" Realtor
RE/MAX Realty / Labrosse Real Estate Group
Hayley Vaughan
Real Estate Agent
RE/MAX Realty / Labrosse Real Estate Group
FAQ
Are triplexes a good investment in Ottawa?
Can I live in one unit and rent the others?
Yes. Many buyers live in one unit and rent the other two to help cover the mortgage. People call this house hacking. Living in the building can also make financing easier, since lenders often treat an owner-occupied triplex more like a home than an investment.
