142/144 MONTFORT STREET Ottawa

142/144 MONTFORT STREET, Ottawa, Ontario

$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:56241)

  • Listing ID: 1399090
  • Property Type: Multi-family
  • Year Built: 2023

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Details

  • Communication: Internet Access
  • Parking Spaces: 4
  • Transaction: For sale
  • Zoning Description: R4UA

Building

  • BasementType: Full (Finished)
  • Basement Development: Finished
  • Constructed Date: 2023
  • Constructed Material: Wood frame
  • Construction Style Attachment: Attached
  • Cooling: Central air conditioning
  • Exterior Finish: Brick, Siding
  • Fireplace Present: False
  • Flooring: Laminate, Ceramic
  • Foundation: Poured Concrete
  • Heating: Baseboard heaters, Forced air
  • Heating Fuel: Electric, Natural gas
  • Stories Total: 2
  • Type: Fourplex
  • Utility Water: Municipal water

Land

  • Current Use: Development residential
  • Sewer: Municipal sewage system
  • Size Frontage: 80 ft ,6 in
  • Size Irregular: 80.48 ft X 54.93 ft (Irregular Lot)
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property, located at 142/144 MONTFORT STREET in Ottawa Ontario, was last modified on June 24th, 2024. Contact us to schedule a viewing or to find other properties for sale in Ottawa.

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