Home with brick exterior material, street for 882 Balsam Dr, Ottawa Ontario K1E 1B5
Re-listed 22 hours ago

882 Balsam Dr, Ottawa, Ontario K1E 1B5

Detached
3 + 3
2
~700-1100 sqft
$•••,•••
$894,999
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$4,475Cashback
Detached
3 + 3
2
~700-1100 sqft

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Highlights

Property Estimate

Days on market22 hours

Total days on market
116 days

Estimated valueNot available

Price/Sqft$1,046/sqft

Monthly cost

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+458

Properties sold*

$806K

Median sold price*

*Based on last 30 days

Description

882 Balsam Drive just became an even greater opportunity - now city-approved for a third unit! This newly renovated, turn-key legal duplex in the heart of Orleans sits on an impressive 65' x 150' lot, offering the perfect blend of strong cash flow, modern upgrades, and future development potential.Originally a single-family bungalow, the property has been expertly converted into two self-contained units with separate entrances and hydro meters. The main level offers 3 spacious bedrooms, a full bathroom, and access to an attached garage - currently rented for $2,550/month, with tenants covering all utilities except heating. The lower unit features 3 bedrooms, a full bathroom, and is rented for $2,200/month, with tenants covering all utilities.With city approval already in place for a third dwelling, this property can now be transformed into a triplex - adding tremendous value and long-term upside. A third hydro meter is already installed, and the seller has paid for professional plans for the third unit, giving the next investor a head start.The home has been fully renovated top-to-bottom, including new kitchens (with quartz countertops & stainless steel appliances), modern bathrooms, flooring, drywall, paint, pot lights throughout, upgraded electrical & plumbing, new basement windows, new interlock, a brand-new driveway that fits up to 9 vehicles, and more. Located just minutes from Highway 174, the upcoming LRT station, Place d'Orleans Mall, and the Ottawa River, this property offers unmatched convenience in one of Orleans' most sought-after areas.Whether you're looking to expand your portfolio, or secure a cash-flowing, future-ready investment, this is the one.


Property Details

StyleBungalow
View-
Age of property-
SqFt~700-1100 SqFt
Lot Size9,750 SqFt(150 x 65)
Parking Spaces10
MLS ®NumberX12482063
Community NameCity of Ottawa
Data SourceTRREB
Listing byAVENUE NORTH REALTY INC.

Features

Heating: Forced Air
Cooling: Central Air
Basement: Finished, Sep Entrance

Features

Lot size: 9,750 SqFt

Parking

Garage spaces 1

Garage type Attached

Other parking spaces 9

Total parking spaces 10


Property History

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Price changeActive
$•••,•••
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Re-listed
$•••,•••
22 hours on market
history photo preview33
Listing by trreb®

Market Data - City of Ottawa

Geo Zone Map ThumbnailCity of Ottawa

Balanced Market

View Market Data

Detached house - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

31 days

Compared to

2024

34 days

2023

29 days

2022

29 days

New Listings

Past 30 days

1030 listings

Compared to

2024

1135 listings

2023

934 listings

2022

777 listings

Units sold

Past 30 days

413 units

Compared to

2024

458 units

2023

374 units

2022

352 units

Median Sold Price

Past 30 days

$815,000

Compared to

2024

$805,900

2023

$800,000

2022

$770,000


What’s nearby?Essentials within 5 km

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Estimated Budget