142/144 MONTFORT STREET

Multi-family For Sale in 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:4069)
Address 142/144 MONTFORT STREET
List Price $2,100,000
Property Type Multi-family
Type of Dwelling Fourplex
Area Ontario
Sub-Area Ottawa
Lot Size 80.48 ft X 54.93 ft (Irregular Lot) Sq. Ft.
Year Built 2023
MLS® Number 1399090
Listing Brokerage SOLID ROCK REALTY
Basement Area Full (Finished)
Postal Code K1L5P6
Zoning R4UA

Open Houses

  • November 09, 12:00 PM - 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.

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TrinityStone Realty

Unit 109, 1300 Stittsville Main St Stittsville ON K2S 1A3

Office: (613) 417-3599

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