Property Description for 142/144 MONTFORT STREET
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:38686)
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Property Details
Property Tax
: $8,900 (2023)MLS® #
: 1399090
Home Features
Property Type
: Townhome
Interior Features
Heating
: Baseboard heaters, Forced air, Electric, Natural gasFlooring
: Laminate, Ceramic
Utilities
Sewer
: Municipal sewage system
Other
Parking Features
: Attached GarageExterior Features
: Brick, Siding
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