2540 Market Street Ottawa, Ontario K4C 1A4
$970,000
Charming Fourplex Investment Opportunity in Cumberland Village! Located in the serene and picturesque setting of Cumberland Village, this spacious fourplex offers a fantastic investment opportunity with decent rental income & long-term tenants. The building consists of four self-contained units, each designed for comfort and functionality. Each apartment features a combined living/dining area, an eat-in kitchen, two bedrooms, 4-piece bathroom, in-unit laundry & comes w/ an outdoor parking space plus a dedicated shed for additional storage. The two main-floor units each enjoy a private fenced patio off the kitchen, while the two upper-level units have their own private decks, offering tree-lined views and a peaceful outdoor retreat. Set on a large, tree-surrounded lot next to a quaint park, the property provides a quiet country feel & only a 15 min drive to Orleans. Tenants enjoy ample outdoor space and privacy, along with additional parking for up to 10 vehicles in total, ideal for guests or multi-vehicle households. Upgrades Include: New GENERAC generator(24), Fridge in Apt #2(23), Fridge in Apt #3 (22), All kitchen windows(22), Bathroom windows in Apts #1 & #3(22), 2nd bedrm window in Apt #1(22), Deck(19), eavestrough(19), Pressure tank(19), All front living room windows (17), Well pump (15), Culligan water system(14), All appliances in Apt #4(11), All bedroom windows(11), Washer/dryer in Apt #2(10), All appliances in Apt #1(08), Washer/dryer in Apt #3(08), Septic bed(06), Roof(06), Rental Breakdown: Apt #1 (Owner occupied): $900/mth, Apt #2: $935/mth, Apt #3: $950/mth, Apt #4: $950/mth. Each tenant is month to month & pays their own heat, hydro & hot water tank rental, keeping operational expenses lower for the owner. The floor plan shown is for Apartment #1, reflecting the layout of each unit (similar). Expenses: Insurance$3073/yr, Common Hydro $58/mth, Snow Removal $900/year. (id:50886)
Property Details
| MLS® Number | X12241557 |
| Property Type | Multi-family |
| Community Name | 1115 - Cumberland Ridge |
| Amenities Near By | Park |
| Features | Wooded Area, Lane |
| Parking Space Total | 10 |
| Structure | Shed |
Building
| Bathroom Total | 4 |
| Bedrooms Above Ground | 8 |
| Bedrooms Total | 8 |
| Age | 16 To 30 Years |
| Appliances | Water Treatment, Microwave, Stove, Washer, Refrigerator |
| Cooling Type | Window Air Conditioner |
| Exterior Finish | Vinyl Siding |
| Flooring Type | Laminate |
| Foundation Type | Slab |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 3,500 - 5,000 Ft2 |
| Type | Fourplex |
Parking
| No Garage |
Land
| Acreage | No |
| Land Amenities | Park |
| Sewer | Septic System |
| Size Depth | 515 Ft ,3 In |
| Size Frontage | 173 Ft ,1 In |
| Size Irregular | 173.1 X 515.3 Ft |
| Size Total Text | 173.1 X 515.3 Ft |
| Zoning Description | V3f[505r] Res Property W/four Self-contained Units |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Main Level | Living Room | 3.34 m | 4.82 m | 3.34 m x 4.82 m |
| Main Level | Dining Room | 1.74 m | 3.16 m | 1.74 m x 3.16 m |
| Main Level | Kitchen | 3.77 m | 4.34 m | 3.77 m x 4.34 m |
| Main Level | Primary Bedroom | 3.66 m | 3.96 m | 3.66 m x 3.96 m |
| Main Level | Bedroom 2 | 3.45 m | 2.72 m | 3.45 m x 2.72 m |
| Main Level | Bathroom | 2.38 m | 1.69 m | 2.38 m x 1.69 m |
https://www.realtor.ca/real-estate/28512436/2540-market-street-ottawa-1115-cumberland-ridge
Contact Us
Contact us for more information
Maz Karimjee
Salesperson
www.mazkarimjee.ca/
#107-250 Centrum Blvd.
Ottawa, Ontario K1E 3J1
(613) 830-3350
(613) 830-0759
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June 26 2025 05:54:27
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