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Orleans - Cumberland And Area,ON K4C 1A4
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3500-5000
Subdivision 1115 - Cumberland Ridge
MLS Listing ID X12241557
Style 2-Storey
Bedrooms 8
Building Age 16-30
Annual Tax Amount $6,607
Tax Year 2024
Property Sub-Type Fourplex
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.
Location
Province ON
County Ottawa
Community 1115 - Cumberland Ridge
Area Ottawa
Rooms
Family Room No
Basement None
Kitchen 4
Interior
Interior Features Storage,Water Treatment
Cooling Window Unit(s)
Fireplace No
Heat Source Gas
Exterior
Parking Features Lane,Other
Pool None
Roof Type Asphalt Shingle
Lot Frontage 173.05
Lot Depth 515.34
Total Parking Spaces 10
Building
Unit Features Park,Wooded/Treed
Foundation Slab