2540 MARKET STREET, Ottawa, ON K4C1A4 – X12241557

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Katie Van Nes

katie@mostreferred.expert +1(604) 855-8228

$ 970,000

Est. payment | -/mo

8 Beds

4 Baths

3,500 SqFt

Save

$ 970,000

Est. payment | -/mo

Save

8 Beds

4 Baths

3,500 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,500 sqft

Price per Sqft $277

Subdivision 1115 - Cumberland Ridge

MLS® Listing ID X12241557

Bedrooms 8

Source Ottawa Real Estate Board

Property Description

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:24570)

Location

Province ON

Rooms

Kitchen 1.0

Extra Room 1 Main level 3.34 m X 4.82 m Living room

Extra Room 2 Main level 1.74 m X 3.16 m Dining room

Extra Room 3 Main level 3.77 m X 4.34 m Kitchen

Extra Room 4 Main level 3.66 m X 3.96 m Primary Bedroom

Extra Room 5 Main level 3.45 m X 2.72 m Bedroom 2

Extra Room 6 Main level 2.38 m X 1.69 m Bathroom

Interior

Heating Forced air

Cooling Window air conditioner

Flooring Laminate

Exterior

Parking Features No

View Y/N No

Total Parking Spaces 10

Private Pool No

Building

Story 2

Sewer Septic System

Listed by ROYAL LEPAGE PERFORMANCE REALTY

"Unlock the door to your dream home with Katie, where professionalism meets passion in the world of real estate. We don't just sell properties; we curate lifestyles. Let us guide you through the doorway to exceptional living, turning houses into homes and dreams into addresses. Your key to a brighter future starts here – because home is where the heart is, and we're here to help you find yours. Trust [Your Name] for a seamless journey to your next chapter. Welcome home!"

+1(604) 855-8228

katie@mostreferred.expert

202-15388 24th Avenue, Surrey, V4A, 2J2, Canada

2540 MARKET STREET Ottawa, ON K4C1A4