32 David Street, Edwardsburgh/cardinal, ON K0E 1X0

  • $1,499,900
32 David Street, Edwardsburgh/cardinal, ON K0E 1X0
Active For Sale
32 David Street, Edwardsburgh/cardinal, ON K0E 1X0
32 David Street, Edwardsburgh/cardinal, ON K0E 1X0
  • $1,499,900

Overview

Property ID: HZX11947441
  • Fourplex, Residential
  • Property Type
  • 8
  • Bedrooms
  • 8
  • Bathrooms

Description

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!

  • Address 32 David Street
  • City Edwardsburgh/cardinal
  • State/county ON
  • Zip/Postal Code K0E 1X0
  • Country CA

Details

Updated on January 30, 2025 at 5:37 pm
  • Property ID: HZX11947441
  • Price: $1,499,900
  • Bedrooms: 8
  • Bathrooms: 8
  • Garage Size: x x
  • Property Type: Fourplex, Residential
  • Property Status: Active, For Sale

Additional details

  • Roof: Asphalt Shingle
  • Sewer: Sewer
  • Cooling: Central Air
  • County: Leeds and Grenville
  • Property Type: Residential
  • Pool: None
  • Parking: Inside Entry,Lane
  • Architectural Style: Bungalow

Mortgage Calculator

Monthly
  • Down Payment
  • Loan Amount
  • Monthly Mortgage Payment
  • Property Tax
  • Home Insurance
  • PMI
  • Monthly HOA Fees
$
%
%
%
$
$
%

Contact Information

View Listings

Enquire About This Property

Similar Listings

Compare listings

Compare
Firas AL-Rifay
  • Firas AL-Rifay