142/144 Montfort Street Ottawa, Ontario K1L 5P6
$2,100,000
This is a beautiful purpose-built 4-plex. Its gross income is over $120,000 per year. It is less than two years old, so it will require very little maintenance and will not require any capital expense for some time. Quality finishes throughout including quarts counters. Very short commute to downtown. Luxury townhouses are scheduled to be built on the adjacent corner. The 3-bedroom unit is currently vacant and could make for an amazing owner-occupied building. The property could be severed in the future if you wanted, as it has separate services from the street to each side. The upper unit has 3 bedrooms and a garage; the basement unit has 2 bedrooms and in-floor heating 144 is a mirror image of 138. The builder is willing for a fair price to convert the one 3 bedroom into one two-bedroom and one one-bedroom apartment so the building would become a 5 unit and qualify under the new construction MLI CMHC financing, which gives up to 95% financing and up to 50-year amortization. (id:39840)
Open House
This property has open houses!
12:00 pm
Ends at:2:00 pm
The one three bedroom is available for viewing during the open house. Buy as a four unit or the seller will convert to a five unit for 100K. The plan will be available for viewing at the open house.
Property Details
| MLS® Number | 1399090 |
| Property Type | Multi-family |
| Neigbourhood | Vanier |
| CommunicationType | Internet Access |
| ParkingSpaceTotal | 4 |
Building
| BasementDevelopment | Finished |
| BasementType | Full (finished) |
| ConstructedDate | 2023 |
| ConstructionMaterial | Wood Frame |
| ConstructionStyleAttachment | Attached |
| CoolingType | Central Air Conditioning |
| ExteriorFinish | Brick, Siding |
| FlooringType | Laminate, Ceramic |
| FoundationType | Poured Concrete |
| HeatingFuel | Electric, Natural Gas |
| HeatingType | Baseboard Heaters, Forced Air |
| StoriesTotal | 2 |
| Type | Fourplex |
| UtilityWater | Municipal Water |
Parking
| Attached Garage |
Land
| Acreage | No |
| CurrentUse | Development Residential |
| Sewer | Municipal Sewage System |
| SizeDepth | 54 Ft ,11 In |
| SizeFrontage | 80 Ft ,6 In |
| SizeIrregular | 80.48 Ft X 54.93 Ft (irregular Lot) |
| SizeTotalText | 80.48 Ft X 54.93 Ft (irregular Lot) |
| ZoningDescription | R4ua |
https://www.realtor.ca/real-estate/27077712/142144-montfort-street-ottawa-vanier
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November 05 2024 06:13:26
Ottawa Real Estate Board
Solid Rock Realty