2540 Market Street Ottawa, Ontario K4C 1A4

$970,000

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:43934)

Property Details

MLS® Number	X12241557
Property Type	Multi-family
Community Name	1115 - Cumberland Ridge
Amenities Near By	Park
Features	Wooded Area, Lane
Parking Space Total	10
Structure	Shed

Building

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

Parking

No Garage

Land

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

Rooms

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