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$ 894,999
Est. payment /mo
Active
882 Balsam DR Orleans - Cumberland And Area, ON K1E 1B5
6 Beds
2 Baths
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 X12482063
Style Bungalow
Bedrooms 6
Annual Tax Amount $3,923
Tax Year 2024
Property Sub-Type Duplex
Lot Depth 150.0
Lot Front 65.0
Property Description
882 Balsam Drive just became an even greater opportunity - now city-approved for a third unit! This newly renovated, turn-key legal duplex in the heart of Orleans sits on an impressive 65' x 150' lot, offering the perfect blend of strong cash flow, modern upgrades, and future development potential.Originally a single-family bungalow, the property has been expertly converted into two self-contained units with separate entrances and hydro meters. The main level offers 3 spacious bedrooms, a full bathroom, and access to an attached garage - currently rented for $2,550/month, with tenants covering hydro. The lower unit features 3 bedrooms, a full bathroom, and is rented for $2,200/month. With city approval already in place for a third dwelling, this property can now be transformed into a triplex - adding tremendous value and long-term upside. A third hydro meter is already installed, and the seller has paid for professional plans for the third unit, giving the next investor a head start.The home has been fully renovated top-to-bottom, including new kitchens (with quartz countertops & stainless steel appliances), modern bathrooms, flooring, drywall, paint, pot lights throughout, upgraded electrical & plumbing, new basement windows, new interlock, a brand-new driveway that fits up to 9 vehicles, and more. Located just minutes from Highway 174, the upcoming LRT station, Place d'Orleans Mall, and the Ottawa River, this property offers unmatched convenience in one of Orleans' most sought-after areas.Whether you're looking to expand your portfolio, or secure a cash-flowing, future-ready investment, this is the one.
Location
Province ON
County Ottawa
Community 1101 - Chatelaine Village
Area Ottawa
Rooms
Family Room Yes
Basement Finished, Separate Entrance, Full
Kitchen 2
Separate Den/Office 3
Interior
Interior Features In-Law Suite, Water Heater Owned
Cooling Central Air
Fireplace No
Heat Source Gas
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
ParcelsYN No
Listed by AVENUE NORTH REALTY INC.
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