142/144 MONTFORT Street, Vanier and Kingsview Park | Image 1

142/144 MONTFORT Street

Vanier and Kingsview Park, 3402 - Vanier

  • 6 bed 8 bath
$2,100,000 est.*: $7,114/mo
For Sale

Added 6 months ago

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  • Type: Fourplex

  • Style: 2-Storey

  • Lot Size: 80.48 x 54.93 Feet

  • Age: No Data

  • Taxes: $8,900 per year

  • Days on Site: 181 Days

  • Added: Jun 21, 2024 (6 months ago)

  • Updated:

  • Last Checked: 2 hours ago

  • MLS®#: X9515881

  • Listed By: Solid rock realty

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!

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Property

  • Status: Sale

  • Property Type: Fourplex

  • Style: 2-Storey

  • Area: Vanier and Kingsview Park

  • Community: 3402 - Vanier

  • Availability Date: immediate

Inside

  • Bedrooms: 6

  • Bedrooms Plus: 4

  • Bathrooms: 8

  • Kitchens: 2

  • Kitchens Plus: 2

  • Den/Family Room: No

  • Air Conditioning: Central Air

  • Fireplace: No

  • Washrooms: 8

Utilities

  • Gas: Yes

Building

  • Basement: Finished

  • Basement 2: Full

  • Heat Type: Heat Pump

  • Heat Source: Electric

  • Exterior: Brick

  • Exterior: Other

  • Water Supply: Municipal

  • Special Designation: Unknown

Parking

  • Garage Spaces: 2

  • Garage Type: Attached

  • Covered Parking Spaces: 2

  • Total Parking Spaces: 4

Fees

  • Tax Year: 2023

  • Tax Legal Description: See Rep Remarks

  • Taxes: $8,900

Highlights

  • Feature: Park

  • Feature: School

  • Feature: School Bus Route

Land

  • Cross Street: North on Vanier Park

  • Municipality District: Vanier and Kingsview Park

  • Fronting On: South

  • Parcel Number: 042330026

  • Pool: None

  • Sewer: Sewers

  • Lot Depth: 54.93 Feet

  • Lot Frontage: 80.48 Feet

  • Lot Irregularities: 1

  • Zoning: R4UA

  • Rural Services: Internet High Spd

Additional Media

  • Virtual Tour: https://unbranded.youriguide.com/vKC7V6FP4D8QD1/
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Very Walkable

  • Most errands can be accomplished on foot.
88 /100

Good Transit

  • Some errands can be accomplished by public transportation.
57 /100

Biker's Paradise

  • Daily errands do not require a car.
99 /100
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Map of 142/144 MONTFORT Street, Vanier and Kingsview Park
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