Orleans - Cumberland and Area K1E 1B5

Property

Ownership: For Sale
Type: Duplex
Bedrooms: 6 BR
Bathrooms: 2
Pets: Pets No

Financials

Price:C949,900
($699,392.37)
(€594,473.71)
Annual Taxes:C3,923.24
505 Park Ave, New York, NY 10022

Description

Presenting a fully renovated, turn-key legal duplex in the heart of Orleans with a THIRD DWELLING POTENTIAL on an outstanding 65' x 150' lot. This property is an ideal investment offering 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 zoned for a coach home. A third hydro meter has already been installed, and the seller has paid for professional plans for the coach home. The property has undergone a complete transformation, featuring new kitchens (with quartz countertops and stainless steel appliances), 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.

Amenities

  • Carpet Free
  • Separate Hydro Meter
  • Water Heater Owned

Presenting a fully renovated, turn key legal duplex in the heart of Orleans with a THIRD DWELLING POTENTIAL on an outstanding 65' x 150' lot.


All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.