Mirna Botros

613-600-2626

882 Balsam Drive - $894,999

882 Balsam Drive

$894,999

1101 - Chatelaine Village

Ottawa, OntarioK1E1B5

6 beds

2 baths

10 parking

MLS#: X12482063Listed: 24 days agoUpdated:14 days ago

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. (id:58075)

Details

Details for 882 Balsam Drive, Ottawa, Ontario

Property Type: Multi Family
Building Type: Duplex
Storeys: 1
Neighborhood: 1101 - Chatelaine Village
Land Size: 65 x 150 FT
Year Built: -
Annual Property Taxes: $3,923
Parking Type: Attached Garage, Garage

Inside

Appliances: Dishwasher, Dryer, Two stoves, Two Washers, Water Heater, Two Refrigerators
Rooms: -
Bedrooms: 6
Bathrooms: 2
Fireplace: -
Fireplace Total: -
Basement: Finished, Full, Separate entrance, N/A, N/A

Building

Architecture Style: Bungalow
Direction: Cross Streets: Balsam Dr and Jeanne D'arc blvd. ** Directions: Take Highway 174 East toward Orleans. Exit at Place d'Orleans Drive / Champlain Street.Turn left (north) on Champlain Street.Turn right on Jeanne D'Arc Boulevard North.Turn right on Balsam Drive. Continue until you reach 882 Balsam.
Type of Dwelling: duplex
Roof: -
Exterior: Brick, Brick Facing
Foundation: Poured Concrete
Flooring: -