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$894,999
Est. payment /mo
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
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
Basement Finished, Separate Entrance, Full
Kitchen 2
Interior
Interior Features In-Law Suite, Water Heater Owned
Cooling Central Air
Inclusions 2 fridges, 2 dishwashers, 2 stoves, 2 washers, 2 dryers, paid plans for backyard coach home
Exterior
Parking Features Attached
Garage Spaces 1.0
Pool None
Roof Type Asphalt Shingle
Total Parking Spaces 10
Building
Foundation Poured Concrete
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Lited by AVENUE NORTH REALTY INC.
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