138 Montfort Street, Ottawa
- Added: 87 days ago
- Updated: NaN days ago
- Last Checked: NaN days ago
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:1945)
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Property Details
- Cooling: Central air conditioning
- Heating: Baseboard heaters, Forced air, Electric, Natural gas
- Stories: 2
- Year Built: 2023
- Structure Type: Fourplex
- Exterior Features: Brick, Siding
- Foundation Details: Poured Concrete
- Construction Materials: Wood frame
Interior Features
- Basement: Finished, Full
- Flooring: Laminate, Ceramic
Exterior & Lot Features
- Water Source: Municipal water
- Parking Total: 4
- Parking Features: Attached Garage
- Lot Size Dimensions: 80.48 ft X 54.93 ft (Irregular Lot)
Business & Leasing Information
- Current Use: Development residential
- Existing Lease Type: Net
Utilities & Systems
- Sewer: Municipal sewage system
Tax & Legal Information
- Tax Year: 2023
- Parcel Number: 042330026
- Tax Annual Amount: 8900
- Zoning Description: R4UA
Additional Features
- Photos Count: 30
- Number Of Units Total: 4
- Map Coordinate Verified YN: true
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