Deanna Parisi direct 613-859-7704 | David Parisi direct 613-859-4047

32 DAVID STREET
Edwardsburgh/Cardinal, Ontario K0E1X0

  • 32 DAVID STREET Edwardsburgh/Cardinal
  • 32 DAVID STREET Edwardsburgh/Cardinal
  • 32 DAVID STREET Edwardsburgh/Cardinal
  • 32 DAVID STREET Edwardsburgh/Cardinal
  • 32 DAVID STREET Edwardsburgh/Cardinal
  • 32 DAVID STREET Edwardsburgh/Cardinal
  • 32 DAVID STREET Edwardsburgh/Cardinal
  • 32 DAVID STREET Edwardsburgh/Cardinal
  • 32 DAVID STREET Edwardsburgh/Cardinal
  • 32 DAVID STREET Edwardsburgh/Cardinal
  • 32 DAVID STREET Edwardsburgh/Cardinal
  • 32 DAVID STREET Edwardsburgh/Cardinal
  • 32 DAVID STREET Edwardsburgh/Cardinal
  • 32 DAVID STREET Edwardsburgh/Cardinal
  • 32 DAVID STREET Edwardsburgh/Cardinal
  • 32 DAVID STREET Edwardsburgh/Cardinal
  • 32 DAVID STREET Edwardsburgh/Cardinal
  • 32 DAVID STREET Edwardsburgh/Cardinal
  • 32 DAVID STREET Edwardsburgh/Cardinal
  • 32 DAVID STREET Edwardsburgh/Cardinal
  • 32 DAVID STREET Edwardsburgh/Cardinal
  • 32 DAVID STREET Edwardsburgh/Cardinal
  • 32 DAVID STREET Edwardsburgh/Cardinal
  • 32 DAVID STREET Edwardsburgh/Cardinal
  • 32 DAVID STREET Edwardsburgh/Cardinal
  • 32 DAVID STREET Edwardsburgh/Cardinal
  • 32 DAVID STREET Edwardsburgh/Cardinal

$1,499,900

ID# X11947971

8 Bedroom 4 Bathroom

Fully air conditioned

Discover 32 David, an exceptional Fourplex nestled in Spencerville, Ontario. Comprising four individually titled attached bungalows, these units offer 2 bedrooms, 1.5 baths, and an array of modern conveniences. Step inside to find elegant kitchens with granite countertops, ample cupboard space, and stainless steel appliances. The attached garages provide inside entry, while the backyard patios offer a retreat for residents. Each unit includes an unfinished basement with legal egress windows, presenting a prime value-add opportunity finish the space and add a third bedroom to significantly increase rental income and property value. With stackable washer/dryers and a well-designed layout, this property is built for both comfort and investment growth. Each unit is currently rented for $2,207 plus utilities, with rent increasing to $2,260 per month on April 1, 2025, for two units and on July 1, 2025, for the remaining two units. The annual rental income is currently $105,936, with a Net Operating Income (NOI) of $88,332, and will increase to $90,876 once the rent adjustments take effect. Estimated expenses include property taxes of $10,588, insurance of $4,280, and sewer charges of $2,736. Located in a peaceful neighborhood, 32 David offers easy access to local amenities and recreational facilities, making it an ideal choice for tenants seeking a tranquil yet convenient lifestyle. A rare opportunity to enhance income potential - don't miss out on this investment! Schedule your viewing today! (id:25961)
LEARN MORE ABOUT THIS PROPERTY
Courtesy of EXP REALTY

Listed on: January 28, 2025

On market: 3 days
Bathroom Total 4
Bedrooms Total 8
Cooling Type Fully air conditioned

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32 DAVID STREET

Get In Touch

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Deanna Parisi

Realtor®

Direct: 613-859-7704

Deanna@theParisiGroup.ca

David Parisi

Realtor®

Direct: 613-859-4047

David@theParisiGroup.ca

376 Churchill Ave. N,

Unit 101

Ottawa, Ontario

613-755-2278

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