ON > Orleans - Cumberland And Area > 1101 - Chatelaine Village
Orleans - Cumberland And Area, ON K1E 1B5,882 Balsam DR
Orleans - Cumberland And Area, ON K1E 1B5,882 Balsam DR
Orleans - Cumberland And Area, ON K1E 1B5,882 Balsam DR
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Gail Reeves Reid

Gail Reeves Reid

+1(416) 540-8681
$924,900
Est. payment /mo
6 Beds
2 Baths
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 700-1100

Subdivision 1101 - Chatelaine Village

MLS Listing ID X12256520

Style Bungalow

Bedrooms 6

Annual Tax Amount $3,923

Tax Year 2024

Property Sub-Type Duplex

Lot Depth 150.0

Lot Front 65.0

Appx SqFt 700-1100

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.

Location

Province ON

County Ottawa

Community 1101 - Chatelaine Village

Area Ottawa

Zoning R1N

Rooms

Family Room Yes

Basement Separate Entrance, Finished

Kitchen 2

Separate Den/Office 3

Interior

Interior Features Carpet Free, Water Heater Owned, Separate Hydro Meter

Cooling Central Air

Inclusions 2 fridges, 2 dishwashers, 2 stoves, 2 washers & dryers

Exterior

Garage Spaces 1.0

Pool None

Roof Type Asphalt Shingle

Lot Frontage 65.0

Lot Depth 150.0

Total Parking Spaces 10

Building

Foundation Poured Concrete

Others

Senior Community Yes

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Listed by AVENUE NORTH REALTY INC.

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agent

Gail Reeves Reid

+1(416) 540-8681

Broker | License ID: 9520476

Broker License ID: 9520476

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