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. (id:2493)
Property Type:
Single Family
Common Interest:
Freehold
Property Attached:
No
Living Area (Min):
700 sq. ft.65 m2
Living Area (Max):
1,100 sq. ft.102 m2
Taxes:
$3,923.24 /
-
Community:
1101 - Chatelaine Village
Exterior Features:
Brick, Brick Facing
Structure Type:
House
Appliances Included:
Dishwasher, Dryer, Two stoves, Two Washers, Water Heater, Two Refrigerators
Data was last updated October 25, 2025 at 07:15 PM (UTC)
Area Statistics
Listings on market:
13
Avg list price:
$609,900
Min list price:
$374,900
Max list price:
$678,800
Avg days on market:
31
Min days on market:
3
Max days on market:
86
These statistics are generated based on the current listing's property type
and located in
1101 - Chatelaine Village. Average values are
derived using median calculations. This data is not produced by the MLS® system.
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