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 and hydro costs, keeping operational expenses lower for the owner. The floor plan shown is for Apartment #1, reflecting the layout of each unit (similar). (id:53622)
| MLS® Number | X12241557 |
| Property Type | Multi-family |
| Neigbourhood | Orléans East-Cumberland |
| Community Name | 1115 - Cumberland Ridge |
| Amenities Near By | Park |
| Features | Wooded Area, Lane |
| Parking Space Total | 10 |
| Structure | Shed |
| Bathroom Total | 4 |
| Bedrooms Above Ground | 8 |
| Bedrooms Total | 8 |
| Age | 16 To 30 Years |
| Appliances | Water Treatment, Microwave, Stove, Washer, Refrigerator |
| Cooling Type | Window Air Conditioner |
| Exterior Finish | Vinyl Siding |
| Flooring Type | Laminate |
| Foundation Type | Slab |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 3,500 - 5,000 Ft2 |
| Type | Fourplex |
| No Garage |
| Acreage | No |
| Land Amenities | Park |
| Sewer | Septic System |
| Size Depth | 515 Ft ,3 In |
| Size Frontage | 173 Ft ,1 In |
| Size Irregular | 173.1 X 515.3 Ft |
| Size Total Text | 173.1 X 515.3 Ft |
| Zoning Description | V3f[505r] Res Property W/four Self-contained Units |
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Main Level | Living Room | 3.34 m | 4.82 m | 3.34 m x 4.82 m |
| Main Level | Dining Room | 1.74 m | 3.16 m | 1.74 m x 3.16 m |
| Main Level | Kitchen | 3.77 m | 4.34 m | 3.77 m x 4.34 m |
| Main Level | Primary Bedroom | 3.66 m | 3.96 m | 3.66 m x 3.96 m |
| Main Level | Bedroom 2 | 3.45 m | 2.72 m | 3.45 m x 2.72 m |
| Main Level | Bathroom | 2.38 m | 1.69 m | 2.38 m x 1.69 m |
https://www.realtor.ca/real-estate/28512436/2540-market-street-ottawa-1115-cumberland-ridge
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Real Estate Data supplied by CREA®’s MLS® System. CREA® is the owner of the copyright in its MLS® System. Data deemed reliable but not guaranteed accurate by CREA®. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.
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