882 Balsam Drive Ottawa, Ontario K1E 1B5

6 Bedroom 2 Bathroom 700 - 1,100 ft2
Bungalow Central Air Conditioning Forced Air

$949,900

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), bathrooms, 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. (id:50886)

Property Details

MLS® Number X12256520
Property Type Multi-family
Community Name 1101 - Chatelaine Village
Features Carpet Free
Parking Space Total 10

Building

Bathroom Total 2
Bedrooms Above Ground 3
Bedrooms Below Ground 3
Bedrooms Total 6
Amenities Separate Electricity Meters
Appliances Water Heater, Dishwasher, Dryer, Two Stoves, Two Washers, Two Refrigerators
Architectural Style Bungalow
Basement Development Finished
Basement Features Separate Entrance
Basement Type N/a (finished)
Cooling Type Central Air Conditioning
Exterior Finish Brick, Brick Facing
Foundation Type Poured Concrete
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 1
Size Interior 700 - 1,100 Ft2
Type Duplex
Utility Water Municipal Water

Parking

Attached Garage
Garage

Land

Acreage No
Sewer Sanitary Sewer
Size Depth 150 Ft
Size Frontage 65 Ft
Size Irregular 65 X 150 Ft
Size Total Text 65 X 150 Ft
Zoning Description R1n

Utilities

Electricity Installed

https://www.realtor.ca/real-estate/28545249/882-balsam-drive-ottawa-1101-chatelaine-village

Contact Us

Contact us for more information

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Keon Mohammad-Dawoudi
Salesperson

(613) 983-5753

Avenue North Realty Inc.
482 Preston Street
Ottawa, Ontario K1S 4N8

(613) 231-3000
www.avenuenorth.ca/

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