About 374-378 Montfort Street
Great starter investment property with upside. Legal Triplex in generally good condition. Fairly long term tenants in upper two units. Lower level has just been completely renovated and awaits a new tenant. Main floor tenants have use of half the yard. There are convenient storage lockers for each unit for bikes etc. in the rear. Both upper units have a bonus "solarium " room that serves as great flex space. See attached Floor plans to see layouts. Full income and expense statement will be attached to the listing. NOI ( before debt service) is $28804.00. Rents are extremely reasonable: Main floor ( 374) $1158, Second floor ( 376) $1742 and Lower Level ( 378) estimate at $1200 ( same rental rate as prior to the renovation). Landlord currently paying for Hydro but it is separately metered and could be split out on tenancy renewal.
Features of 374-378 Montfort Street
| MLS® # | X12414271 |
|---|---|
| Price | $599,000 |
| Bedrooms | 4 |
| Bathrooms | 3.00 |
| Square Footage | 1,100 |
| Type | Residential Freehold |
| Sub-Type | Triplex |
| Style | 2-Storey |
| Status | Active |
Community Information
| Address | 374-378 Montfort Street |
|---|---|
| Area | Ottawa |
| Subdivision | 3402 - Vanier |
| City | Vanier and Kingsview Park |
| Province | ON |
| Postal Code | K1L 5N1 |
Amenities
| Parking Spaces | 1 |
|---|---|
| Garages | None |
| Is Waterfront | No |
| Pool | None |
Interior
| Heating | Forced Air |
|---|---|
| Cooling | Window Unit(s) |
| Fireplace | No |
| Basement | Finished |
Exterior
| Exterior | Concrete Block, Stucco (Plaster) |
|---|
Listing Details
| Office | RE/MAX HALLMARK REALTY GROUP |
|---|