45 Coumbes Lane

Attention all investors and house hackers! Here’s an exciting opportunity you won’t want to miss: a Multi-Family Home for sale in Renfrew , located at 45 Coumbes Street, Renfrew. This property is not just a house; it’s a promising investment with substantial upside potential. Priced to sell quickly, it reflects the work needed to bring it up to its full glory, making it one of the most affordable multi-unit investment properties currently on the market.

Nestled in the vibrant community of 540 - Renfrew, this multiplex boasts a two-storey design with a stucco (plaster) exterior, giving it a classic yet modern appeal. The property features a total of 10 rooms, including four spacious bedrooms and two bathrooms, making it ideal for families or tenants looking for comfort and convenience. The two kitchens are a significant advantage, allowing for easy meal preparation and the potential for separate living arrangements within the two self-contained units.

At 45 Coumbes Street, Renfrew, you’ll find that the layout is designed for practicality. Unit 1 is currently vacant, which presents a fantastic opportunity for the new owner to either move in, start renovations, or set market-rate rent immediately to maximise returns. Unit 2 is already rented, providing immediate cash flow to help offset costs. The property is equipped with separate hydro and gas meters for each unit, ensuring that utilities are easily managed. The landlord currently covers the water bill, which is approximately £125 per month for both units, an expense that could be adjusted in future rental agreements.

While this Multi-Family Home for sale in Renfrew does not include a garage or driveway, it does offer ample parking space for up to five vehicles, which is a significant advantage in a busy area. The lack of air conditioning and a central vacuum system may seem like drawbacks, but they also present opportunities for upgrades that could increase the property’s value. The unfinished basement offers additional potential for development, whether it be for storage or further living space, depending on your vision.

The property sits on a generous lot measuring 92 X 63 acres, providing plenty of outdoor space for tenants or future landscaping projects. Although there is no pool or fireplace, the charm of this Multi-Family Home for sale in Renfrew lies in its potential. With strategic upgrades, you could transform this property into a sought-after rental, increasing its value significantly.

The community surrounding 45 Coumbes Street, Renfrew, is vibrant and welcoming, making it an attractive place for families and individuals alike. The location is convenient, with easy access to local amenities, schools, and parks, ensuring that tenants will appreciate the neighbourhood as much as the property itself.

In summary, this Multi-Family Home for sale in Renfrew at 45 Coumbes Street, Renfrew, is a golden opportunity for those looking to invest in real estate. With two self-contained units, immediate rental income from Unit 2, and the potential for significant value enhancement through renovations, this property is poised for success. Don’t let this chance slip away; seize the opportunity to make this duplex your next investment and watch your portfolio grow!

Renfrew, located in the picturesque Ottawa Valley, is a charming town that offers a delightful blend of natural beauty and small-town charm. Nestled along the banks of the Ottawa River, the area boasts stunning landscapes, with lush greenery and rolling hills providing a serene backdrop for outdoor enthusiasts. The town is rich in history, featuring quaint heritage buildings and a welcoming atmosphere that fosters a strong sense of belonging. Residents can enjoy a variety of local amenities, including shops, cafes, and recreational facilities, all while being just a short drive from the vibrant city of Ottawa. With its friendly community spirit and a wealth of outdoor activities, Renfrew is an ideal place for those seeking a tranquil yet engaging lifestyle.

Schools in the Neighbourhood

This property is ideally situated near several reputable schools, making it an excellent choice for families. The closest is Queen Elizabeth Public School, located just 0.3 km away, offering English and French instruction for grades JK to 6, with a school rating of 5.2. For older children, Renfrew Collegiate Intermediate School, also just 0.7 km away, serves grades 7 and 8 in both English and French, boasting a school rating of 5.6. Additionally, Renfrew Collegiate Institute, which provides secondary education for grades 9 to 12, is conveniently located at the same distance, maintaining a strong rating of 5.6 as well. All schools are part of the Renfrew County District School Board, ensuring a consistent educational standard. With a variety of language options and grade levels within close proximity, this location offers a supportive environment for children's academic growth and development, making it a desirable community for potential buyers with school-aged children.