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142/144 Montfort Street Ottawa, Ontario K1L 5P6

10 Bedroom 8 Bathroom
Central Air Conditioning Heat Pump

$2,100,000

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:47824)

Property Details

MLS® Number X9515881
Property Type Single Family
Neigbourhood Vanier
Community Name 3402 - Vanier
Amenities Near By Park, Schools
Community Features School Bus
Parking Space Total 4

Building

Bathroom Total 8
Bedrooms Above Ground 6
Bedrooms Below Ground 4
Bedrooms Total 10
Basement Development Finished
Basement Type Full (finished)
Cooling Type Central Air Conditioning
Exterior Finish Brick
Foundation Type Concrete
Half Bath Total 1
Heating Fuel Electric
Heating Type Heat Pump
Stories Total 2
Type Fourplex
Utility Water Municipal Water

Parking

Attached Garage

Land

Acreage No
Land Amenities Park, Schools
Sewer Sanitary Sewer
Size Depth 54 Ft ,11 In
Size Frontage 80 Ft ,5 In
Size Irregular 80.48 X 54.93 Ft ; 1
Size Total Text 80.48 X 54.93 Ft ; 1
Zoning Description R4ua

https://www.realtor.ca/real-estate/27077712/142144-montfort-street-ottawa-3402-vanier


SOLID ROCK REALTY
5 Corvus Court
Ottawa, Ontario K2E 7Z4

(855) 484-6042
(613) 733-3435

SOLID ROCK REALTY
5 Corvus Court
Ottawa, Ontario K2E 7Z4

(855) 484-6042
(613) 733-3435

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