882 Balsam Drive

Introducing a remarkable opportunity to acquire a house for sale in Ottawa , located at 882 Balsam Drive, Ottawa. This property has recently been city-approved for a third unit, making it an exceptional investment prospect. Nestled in the thriving community of 1101 - Chatelaine Village, this newly renovated, turn-key legal duplex is perfectly situated on an expansive 65' x 150' lot, providing a harmonious blend of strong cash flow, modern upgrades, and exciting future development potential.

Originally designed as a single-family bungalow, this detached house has been expertly transformed into two self-contained units, each boasting separate entrances and hydro meters. The main level of the house for sale in Ottawa features three spacious bedrooms, a full bathroom, and convenient access to an attached garage. Currently, this unit is rented for an impressive £2,550 per month, with tenants responsible for all utilities except heating. Meanwhile, the lower unit also comprises three bedrooms and a full bathroom, generating a rental income of £2,200 per month, with tenants covering all utilities.

What truly sets this property apart is the city approval already in place for a third dwelling. This presents an extraordinary opportunity to convert the existing structure into a triplex, significantly enhancing its value and long-term potential. A third hydro meter has already been installed, and the seller has invested in professional plans for the third unit, providing the next investor with a substantial head start in realising the full potential of this house for sale in Ottawa.

The home has undergone a comprehensive renovation from top to bottom, ensuring that it meets the highest standards of modern living. The newly designed kitchens are equipped with quartz countertops and stainless steel appliances, while the bathrooms have been upgraded to reflect contemporary aesthetics. The property features new flooring, drywall, paint, and pot lights throughout, alongside upgraded electrical and plumbing systems. Additionally, new basement windows have been installed, enhancing the overall appeal of the finished basement, which also boasts a separate entrance.

The exterior of the house for sale in Ottawa is equally impressive, featuring a brick front that adds to its charm and durability. The property is devoid of a pool and fireplace, yet it compensates with a wealth of other features. The generous lot size allows for ample outdoor space, and the newly constructed driveway accommodates up to nine vehicles, providing convenience for residents and guests alike.

This bungalow-style home is equipped with central air conditioning, ensuring a comfortable living environment throughout the year. The property is connected to municipal water and sewer services, providing peace of mind regarding essential utilities. While there is no central vacuum system, the house is unfurnished, allowing new owners the freedom to personalise the space to their taste.

Located just minutes from Highway 174, the upcoming LRT station, Place d'Orleans Mall, and the scenic Ottawa River, this property offers unmatched convenience in one of Orleans' most sought-after areas. Whether you are looking to expand your investment portfolio or secure a cash-flowing, future-ready property, this house for sale in Ottawa is undoubtedly the one to consider.

In summary, 882 Balsam Drive, Ottawa, presents an unparalleled opportunity for investors and homeowners alike. With its prime location, modern renovations, and the potential for further development, this property stands out in the competitive Ottawa real estate market. Don’t miss your chance to own this exceptional house for sale in Ottawa; it truly is a gem waiting to be discovered.

Chatelaine Village, nestled in the vibrant city of Ottawa, is a charming and picturesque neighbourhood that offers a delightful blend of suburban tranquillity and urban convenience. Characterised by its tree-lined streets and well-maintained parks, this community is ideal for families and individuals alike, providing a peaceful retreat from the hustle and bustle of city life. Residents enjoy easy access to local amenities, including shops, schools, and recreational facilities, all within a short distance. The area boasts a strong sense of community spirit, with various events and activities fostering connections among neighbours. With its inviting atmosphere and proximity to Ottawa's cultural attractions, Chatelaine Village is an appealing choice for those seeking a welcoming place to call home.

Schools in the Neighbourhood

This property is ideally situated near a variety of educational institutions, catering to families with children of all ages. Within a short distance of just 0.5 km, Divine Infant School offers a Catholic education for students from Junior Kindergarten to Grade 6, boasting an impressive school rating of 8.5. For elementary education, Orleans Wood Elementary School is available in both English and French, located just 0.9 km away, serving grades JK to 3, although it currently holds a rating of 0. Terry Fox Middle School, also rated 0, is 1.9 km from the property, providing education for grades 4 to 8. For secondary education, Cairine Wilson Secondary School, located 1.7 km away, offers a solid curriculum for grades 9 to 12 with a rating of 6.3. Additionally, St. Matthew High School, a Catholic institution, is just 1.3 km away and serves grades 7 to 12, with a respectable rating of 7.3. Overall, this area provides a diverse range of schooling options, ensuring that families can find suitable educational pathways for their children.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 686 residents, with an average household size of 2.7. The community's average age is 42.4 years, reflecting a mature demographic. Residents enjoy a relatively high average household income of $115,000, with only 4.4% classified as low-income. The average home price in the area is $508,000, indicating a stable real estate market. Approximately 41.88% of the population is single, while 35.71% of households include children, suggesting a family-friendly environment. The area also hosts a diverse community, with 12.8% of residents being immigrants. Renters make up a small portion at 8%, and there are no condominiums available, highlighting a preference for single-family homes. Education levels are notable, with over half (50.43%) of the population holding a college or university degree. However, a significant portion, 46.09%, is not in the labor force, which may reflect various factors such as retirement or caregiving responsibilities. Overall, this community presents a blend of stability, education, and family-oriented living, making it an appealing location for potential homeowners.