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:50947)
| MLS® Number | 1399090 |
| Property Type | Multi-family |
| Neigbourhood | Vanier |
| Communication Type | Internet Access |
| Parking Space Total | 4 |
| Basement Development | Finished |
| Basement Type | Full (finished) |
| Constructed Date | 2023 |
| Construction Material | Wood Frame |
| Construction Style Attachment | Attached |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Brick, Siding |
| Flooring Type | Laminate, Ceramic |
| Foundation Type | Poured Concrete |
| Heating Fuel | Electric, Natural Gas |
| Heating Type | Baseboard Heaters, Forced Air |
| Stories Total | 2 |
| Type | Fourplex |
| Utility Water | Municipal Water |
| Attached Garage |
| Acreage | No |
| Current Use | Development Residential |
| Sewer | Municipal Sewage System |
| Size Depth | 54 Ft ,11 In |
| Size Frontage | 80 Ft ,6 In |
| Size Irregular | 80.48 Ft X 54.93 Ft (irregular Lot) |
| Size Total Text | 80.48 Ft X 54.93 Ft (irregular Lot) |
| Zoning Description | R4ua |
https://www.realtor.ca/real-estate/27077712/142144-montfort-street-ottawa-vanier
Contact us for more information
Ken Dekker
Broker
(855) 484-6042
(613) 733-3435
Yetta (Jette) Dekker
Broker
(855) 484-6042
(613) 733-3435
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The Reitzels
Keller Williams Innovation
640 Riverbend Drive
Kitchener, ON N2K 3S2
Phone: 519-570-6299 or
519-570-4447
Email: info@TheReitzels.com
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