184 days on Market

142/144 MONTFORT St, Vanier and Kingsview Park, Ontario K1L 5P6

Townhouse
6 + 4
8
- sqft
$2,100,000
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Townhouse
6 + 4
8
- sqft

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Highlights

Estimated ValueNot available

Price/Sqft-

Est. Mortgage$9,019/mo

Tax Amount (2023)$8,900/yr

Days On Market184 days


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!


Property Details

Style2-Storey
View-
Age of property-
SqFt-
Lot Size4,420 SqFt(54.93 x 80.48)
Parking Spaces4
MLS ®NumberX9515881
Community NameVanier North
Data SourceTRREB
Listing bySOLID ROCK REALTY

Features

Heating: Heat Pump
Cooling: Central Air
Basement: Finished, Full

Features

Lot size: 4,420 SqFt

Parking

Garage spaces 2

Garage type Attached

Other parking spaces 2

Total parking spaces 4


Property listed by SOLID ROCK REALTY, Brokerage

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Population and Demographics

Overview

Total population 4855
Average household income $111,075

Age (%)

20 to 34
25%
35 to 49
21%
65 and plus
20%
50 to 64
20%
0 to 19
15%

Household composition (%)

Single person
48%
Single family
42%
Multi person
9%
Multi family
0%

Mother tongue (%)

English
55%
French
32%
English and French
4%
Others
2%
Spanish
2%
Arabic
2%
Portuguese
1%

House tenancy (%)

Renters
65%
Owners
35%

Schools and amenities

Estimated Budget