ON > Edwardsburgh-cardinal > 807 - Edwardsburgh-Cardinal Twp
Edwardsburgh/cardinal, ON K0E 1X0,32 David ST
Edwardsburgh/cardinal, ON K0E 1X0,32 David ST
Edwardsburgh/cardinal, ON K0E 1X0,32 David ST
Edwardsburgh/cardinal, ON K0E 1X0,32 David ST
Edwardsburgh/cardinal, ON K0E 1X0,32 David ST
Edwardsburgh/cardinal, ON K0E 1X0,32 David ST
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Sharon Browne

Sharon Browne

+1(416) 873-3259
$ 1,499,900
Est. payment | /mo

8 Beds

8 Baths

Save
$ 1,499,900
Est. payment | /mo
Save

8 Beds

8 Baths

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

Subdivision 807 - Edwardsburgh/Cardinal Twp

MLS Listing ID X11947441

Style Bungalow

Bedrooms 8

Annual Tax Amount $10,588

Tax Year 2024

Property Sub-Type Fourplex

Property Description

Discover 32 David, an exceptional Fourplex nestled in Spencerville, Ontario. Comprising four individually titled attached bungalows, these units offer 2 bedrooms, 1.5 baths, and an array of modern conveniences. Step inside to find elegant kitchens with granite countertops, ample cupboard space, and stainless steel appliances. The attached garages provide inside entry, while the backyard patios offer a retreat for residents. Each unit includes an unfinished basement with legal egress windows, presenting a prime value-add opportunity finish the space and add a third bedroom to significantly increase rental income and property value. With stackable washer/dryers and a well-designed layout, this property is built for both comfort and investment growth. Each unit is currently rented for $2,207 plus utilities, with rent increasing to $2,260 per month on April 1, 2025, for two units and on July 1, 2025, for the remaining two units. The annual rental income is currently $105,936, with a Net Operating Income (NOI) of $88,332, and will increase to $90,876 once the rent adjustments take effect. Estimated expenses include property taxes of $10,588, insurance of $4,280, and sewer charges of $2,736. Located in a peaceful neighborhood, 32 David offers easy access to local amenities and recreational facilities, making it an ideal choice for tenants seeking a tranquil yet convenient lifestyle. A rare opportunity to enhance income potential - don't miss out on this investment! Schedule your viewing today!

Location

Province ON

County Leeds And Grenville

Community 807 - Edwardsburgh/Cardinal Twp

Area Leeds And Grenville

Rooms

Family Room No

Basement Full, Unfinished

Kitchen 4

Interior

Interior Features Water Heater Owned, Water Treatment

Cooling Central Air

Fireplace No

Heat Source Propane

Exterior

Parking Features Inside Entry, Lane

Garage Spaces 4.0

Pool None

Roof Type Asphalt Shingle

Total Parking Spaces 8

Building

Foundation Concrete

Listed by EXP REALTY
agent-avatar

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(416) 873-3259

sharon@sharonbrownehomes.com

130 King St W Unit 1800B, Toronto, ON, M5X1E3, Canada

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32 David ST