ON > Orleans - Cumberland And Area > 1115 - Cumberland Ridge
Orleans - Cumberland And Area, ON K4C 1A4,2540 Market ST
Orleans - Cumberland And Area, ON K4C 1A4,2540 Market ST
Orleans - Cumberland And Area, ON K4C 1A4,2540 Market ST
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Gail Reeves Reid

Gail Reeves Reid

+1(416) 540-8681
$935,000
Est. payment /mo
8 Beds
4 Baths
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 3500-5000

Subdivision 1115 - Cumberland Ridge

MLS Listing ID X12241557

Style 2-Storey

Bedrooms 8

Building Age 16-30

Annual Tax Amount $6,607

Tax Year 2024

Property Sub-Type Fourplex

Lot Depth 515.34

Lot Front 173.05

Appx SqFt 3500-5000

Property Description

Charming Fourplex Investment Opportunity in Cumberland Village! Located in the serene and picturesque setting of Cumberland Village, this spacious fourplex offers a fantastic investment opportunity with decent rental income & long-term tenants. The building consists of four self-contained units, each designed for comfort and functionality. Each apartment features a combined living/dining area, an eat-in kitchen, two bedrooms, 4-piece bathroom, in-unit laundry & comes w/ an outdoor parking space plus a dedicated shed for additional storage. The two main-floor units each enjoy a private fenced patio off the kitchen, while the two upper-level units have their own private decks, offering tree-lined views and a peaceful outdoor retreat. Set on a large, tree-surrounded lot next to a quaint park, the property provides a quiet country feel & only a 15 min drive to Orleans. Tenants enjoy ample outdoor space and privacy, along with additional parking for up to 10 vehicles in total, ideal for guests or multi-vehicle households. Upgrades Include: New GENERAC generator(24), Fridge in Apt #2(23), Fridge in Apt #3 (22), All kitchen windows(22), Bathroom windows in Apts #1 & #3(22), 2nd bedrm window in Apt #1(22), Deck(19), eavestrough(19), Pressure tank(19), All front living room windows (17), Well pump (15), Culligan water system(14), All appliances in Apt #4(11), All bedroom windows(11), Washer/dryer in Apt #2(10), All appliances in Apt #1(08), Washer/dryer in Apt #3(08), Septic bed(06), Roof(06), Rental Breakdown: Apt #1 (Owner occupied): $1700/mth, Apt #2: $935/mth, Apt #3: $950/mth, Apt #4: $950/mth. Each tenant is month to month & pays their own heat, hydro & hot water tank rental, keeping operational expenses lower for the owner. The floor plan shown is for Apartment #1, reflecting the layout of each unit (similar). Expenses: Insurance$3073/yr, Common Hydro $58/mth, Snow Removal $900/year.

Location

Province ON

County Ottawa

Community 1115 - Cumberland Ridge

Area Ottawa

Zoning V3F[505r] RES property w/four self-contained units

Rooms

Family Room No

Basement None

Kitchen 4

Interior

Interior Features Storage, Water Treatment

Cooling Window Unit(s)

Inclusions 4 Refrigerators, 4 Stoves, 3 Hood-fans, 1 Microwave/Hood-fan, 4 Washers, 4 Dyers

Exterior

Parking Features Lane, Other

Pool None

Roof Type Asphalt Shingle

Lot Frontage 173.05

Lot Depth 515.34

Total Parking Spaces 10

Building

Foundation Slab

Others

Senior Community No

Virtual Tour https://u.listvt.com/mls/196393476

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Listed by ROYAL LEPAGE PERFORMANCE REALTY

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agent

Gail Reeves Reid

+1(416) 540-8681

Broker | License ID: 9520476

Broker License ID: 9520476

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