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$ 924,900
Est. payment /mo
Price Dropped by $25K
882 BALSAM DRIVE Ottawa, ON K1E1B5
6 Beds
2 Baths
700 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 700 sqft
Price per Sqft $1,321
Subdivision 1101 - Chatelaine Village
MLS® Listing ID X12256520
Style Bungalow
Bedrooms 6
Source Ottawa Real Estate Board
Property Description
Calling all INVESTORS. This is a newly renovated, turn-key legal duplex in the heart of Orleans with a THIRD & FOURTH DWELLING POTENTIAL on an outstanding 65' x 150' lot. This is a RARE opportunity that offers excellent cash flow, modern upgrades, and future development potential. Situated near Highway 174, the upcoming LRT station, Place d'Orléans Mall, the Ottawa River, this property offers unmatched convenience in a high-demand location.Originally a single-family bungalow, this home has been expertly converted into two self-contained units with separate entrances and hydro meters. The main level features three spacious bedrooms, a full bathroom, and access to an attached garage. It is currently leased for $2,550/month, with tenants covering all utilities except gas for heating. The lower unit also includes three bedrooms and a full bathroom, and is rented for $2,200/month, with tenants paying all utilities. Adding to its long-term value, the home sits on an extended lot which can potentially have one to two coach homes (provided plans are approved by the city). A third hydro meter has already been installed, and the seller has paid for professional plans for one coach home. The duplex has undergone a complete transformation, featuring new kitchens (with quartz countertops and stainless steel appliances), bathrooms, flooring, drywall, paint, electrical, plumbing, pot lights throughout, new basement windows, interior doors, washers & dryers, interlock, and a brand-new driveway with space for up to nine vehicles. The attached garage is currently used by the main floor tenants. This truly turn-key property combines modern finishes, strong rental income, and future growth potential. Whether you're an investor expanding your portfolio or a buyer seeking a home with mortgage-subsidizing potential, 882 Balsam Drive is a rare opportunity in one of Orleans most promising neighbourhoods. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Forced air
Cooling Central air conditioning
Exterior
Parking Features Yes
View Y/N No
Total Parking Spaces 10
Private Pool No
Building
Story 1
Sewer Sanitary sewer
Architectural Style Bungalow
Listed by AVENUE NORTH REALTY INC.