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142/144 Montfort Street Ottawa, Ontario K1L 5P6

Central Air Conditioning Baseboard Heaters, Forced Air

$2,275,000

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:49269)

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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