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$935,000
Available - For Sale
Listing ID: X12241557
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- one side is 2006 and other side of roof is 2011. Rental Breakdown: Apt #1 (Owner occupied): $1700/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.
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Asking Price: $ Heating: $ /Year  
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Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
Percent Down:
Down Payment $46,750 $93,500 $140,250 $187,000
First Mortgage $888,250 $841,500 $794,750 $748,000
CMHC/GE $24,426.88 $16,830 $13,908.13 $0
Total Financing $912,676.88 $858,330 $808,658.13 $748,000
Monthly P&I $3,908.92 $3,676.16 $3,463.42 $3,203.63
Expenses $0 $0 $0 $0
Total Payment $3,908.92 $3,676.16 $3,463.42 $3,203.63
Income Required $146,584.66 $137,856.03 $129,878.25 $120,135.98

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
ROYAL LEPAGE PERFORMANCE REALTY

2540 Market Stre , Orleans - Cumberland and Area, K4C 1A4, Ottawa

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MD Ashraful Bari
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647.406.6653
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905.201.9977
Fax:
905.201.9229

 
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Type: Freehold - Fourplex
Area: Ottawa
Municipality: Orleans - Cumberland and Area
Neighbourhood: 1115 - Cumberland Ridge
Style: 2-Storey
Lot Size: x 515.34(Feet)
Approximate Age: 16-30
Tax: $6,607.71
Maintenance Fee: $0
Beds: 8
Baths: 4
Garage: 0
Fireplace: N
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Pool: None
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Personal Pic MD Ashraful Bari Broker HomeLife/Future Realty Inc, Brokerage Independently owned and operated. pic Cell: 647.406.6653 | Office: 905.201.9977
MD Ashraful Bari
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Cell: 647.406.6653
Office: 905.201.9977
Fax: 905.201.9229

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HomeLife/Future Realty Inc., Brokerage
Independently owned and operated.
205-7 Eastvale Drive
Markham, ON L3S 4N8

 

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