REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 2,100,000
Est. payment /mo
Active
142/144 MONTFORT STREET Ottawa, ON K1L5P6
10 Beds
8 Baths
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Subdivision 3402 - Vanier
MLS® Listing ID X9515881
Bedrooms 10
Half Baths 1
Originating Board Ottawa Real Estate Board
Property Description
Rare Investment Opportunity: Luxurious Purpose-Built 4-Plex. Discover the perfect addition to your real estate portfolio or your new owner-occupied home with this stunning purpose-built 4-plex. Boasting a gross income of over $120,000 per year and less than two years old, this property promises minimal maintenance and no significant capital expenses for years to come. Each unit showcases premium finishes, including quartz countertops, providing a modern and luxurious living experience. The property includes a spacious upper unit featuring 3 bedrooms and a garage, while the lower unit offers 2 bedrooms with the added comfort of in-floor heating. Located just a short commute to downtown, this property offers an attractive lifestyle for tenants and owner-occupiers alike. This property is not only a strong income generator but also a savvy long-term investment. With luxury townhouses slated for development on the adjacent corner, the area is poised for even greater growth and demand. Each side of the building has separate street services, meaning the property could be severed in the future for increased value and flexibility. For buyers seeking an even greater return, the builder is open to converting the 3-bedroom unit into a 2-bedroom and a 1-bedroom apartment, transforming the building into a 5-unit property. This change qualifies under the new construction MLI CMHC financing program, providing up to 95% financing and up to a 50-year amortization. The vacant 3-bedroom unit is move-in ready and perfect for an owner-occupier who wishes to generate rental income while enjoying the benefits of their new home. This purpose-built 4-plex is a rare find, combining modern construction, significant rental income, and endless potential for future value. Don't miss this opportunity to own a standout property in a growing and highly desirable area. Schedule your viewing today and unlock the full potential of this premium investment! (id:24570)
Location
Province ON
Interior
Heating Heat Pump
Cooling Central air conditioning
Exterior
Parking Features Yes
Community Features School Bus
View Y/N No
Total Parking Spaces 4
Private Pool No
Building
Story 2
Sewer Sanitary sewer
Listed by SOLID ROCK REALTY