Homes for sale - 55 Ivy CRES, New Edinburgh

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Jen Scholte

[email protected] +1(705) 444-4949

$1,075,000

Est. payment - /mo

5 Beds

3 Baths

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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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Listed by RE/MAX HALLMARK REALTY GROUP

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Jen Scholte

+1(705) 444-4949

Broker

55 Ivy CRES New Edinburgh - Lindenlea, ON K1M 1Y1

Jen Scholte

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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55 Ivy CRES