$2,100,000
 $11,273 forsale estimated payment Sourced by Back At You

142/144 Montfort Street , Vanier and Kingsview Park, ON K1L 5P6

Vanier and Kingsview Park, ON K1L 5P6

Sharewithfriend

PreviousNext

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!

Details

MlsX9515881
Listing TypeFor Sale
SubtypeResale
StatusNew
Days On Site40
Listing Provided BySOLID ROCK REALTY | Not Provided

Features

Beds10
Baths8
BasementY
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Toronto Real Estate Board.

Request A Showing

Request A Showing

Loading Form
Listings Checked: 6 minutes ago
StateON
CountyOttawa
CityVanier and Kingsview Park
Zip CodeK1L 5P6
Area3402 Vanier
Listing VS Median (in K1L 5P6)
Price:
$2,100,000
low | high
Med:
$0
On Site:
40
low | high
Med:
Sourced by Back At You
Listing Updated: November 28, 2024 at 10:03:54 PM PST