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New Edinburgh - Lindenlea,ON K1M 1Y1
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1500-2000
Subdivision 3302 - Lindenlea
MLS Listing ID X12010715
Style 2-Storey
Bedrooms 5
Building Age 51-99
Annual Tax Amount $8,780
Tax Year 2024
Property Sub-Type Triplex
Property Description
Fantastic Investment Opportunity Triplex + Studio! This purpose-built property features two spacious two-bedroom apartments on the first and second floors, plus a one-bedroom unit on the lower level. The rental income includes: Unit 1 (one-bedroom) at $1,550/month until August 30, 2025, Unit 2 (two-bedroom) at $1,391/month + $328/month (studio/garage) on a month-to-month basis, and Unit 3 (two-bedroom) currently vacant and available for immediate possession at $2,500/month (market rent). Each unit boasts hardwood floors, upgraded kitchens, and renovated bathrooms, with access to an enclosed rear staircase and private outdoor space for dining al fresco. Recent updates include new dishwashers in Units 1 & 2, a replaced kitchen faucet in Unit 1, foundation waterproofing (2015), new flooring in Units 1 & 2 (2018), owned hot water tanks (2019), workshop/garage roof replacement (2019), and restructured back exterior stairs (2019). The studio space was formerly a double garage, now split into half garage, half studio. Tenants pay for hydro, internet, and cable and are responsible for garden maintenance and snow removal, while rents include heat and water/sewer. SEE LAST PHOTO FOR FULL FINANCIAL PROFILE. An exceptional income-generating opportunity don't miss out!
Location
Province ON
County Ottawa
Community 3302 - Lindenlea
Area Ottawa
Rooms
Family Room No
Basement Full,Finished
Kitchen 3
Interior
Interior Features Atrium,Auto Garage Door Remote,Carpet Free,Separate Hydro Meter,Storage,Water Heater Owned,Water Meter
Cooling Window Unit(s)
Fireplace No
Heat Source Gas
Exterior
Exterior Feature Deck,Paved Yard
Parking Features Available
Garage Spaces 2.0
Pool None
Roof Type Other
Lot Frontage 35.0
Lot Depth 100.0
Total Parking Spaces 1
Building
Unit Features Wooded/Treed,Public Transit
Foundation Concrete
Others
Security Features Carbon Monoxide Detectors,Smoke Detector
ParcelsYN No
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