142/144 MONTFORT STREET, Ottawa, Ontario
$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:56241)
- Listing ID: 1399090
- Property Type: Multi-family
- Year Built: 2023
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 142/144 MONTFORT STREET in Ottawa Ontario. It was last modified on June 24th, 2024. Contact us to schedule a viewing or to discover other Ottawa real estate for sale.