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$ 529,900
Est. payment | /mo
5 Beds
2 Baths
$ 529,900
Est. payment | /mo
5 Beds
2 Baths
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Approx. Sqft 700 - 1100
Subdivision Otonabee Ward 1
MLS® Listing ID X14094158
Style Bungalow
Bedrooms 5
Property Description
INVEST, LIVE, OR BOTH! Welcome to 818 Orpington, a fantastic opportunity to own a fully tenanted, legal two-unit property offering immediate rental income and long-term flexibility. Generating $4,148 per month in gross rental income ($49,776 annually), this property features a beautifully updated main-floor unit currently renting for $2,349/month and a legal lower level apartment with a separate entrance renting for $1,799/month. Whether you're an investor looking to expand your portfolio or a future homeowner interested in living in one unit while rental income from the other helps offset mortgage costs, this property offers options to suit your goals. The updated upper level showcases modern finishes and a welcoming living space, while the self-contained lower apartment provides additional income potential. Situated near a quiet cul-de-sac, backing onto greenspace and a walking trail, the property offers an appealing balance of convenience and natural surroundings. Enjoy proximity to schools, shopping, parks, public transit and easy access to Highway 115. With potential for an additional coach house, subject to municipal approvals, there may be further opportunities to maximize the property's value. Two legal units, established rental income and future potential - 818 Orpington is an opportunity worth exploring! Additional income and property details are available. (id:24570)
Location
Province ON
Rooms
Kitchen 2.0
Extra Room 1 Basement 3.7 m X 4.41 m Living room
Extra Room 2 Basement 3.12 m X 2.96 m Kitchen
Extra Room 3 Basement 3.86 m X 3.61 m Primary Bedroom
Extra Room 4 Basement 3.85 m X 2.66 m Bedroom
Extra Room 5 Basement 4.28 m X 3.4 m Utility room
Extra Room 6 Main level 3.68 m X 4.75 m Living room
Interior
Heating Forced air
Cooling Central air conditioning
Exterior
Parking Features No
Fence Fenced yard
View Y/N No
Attached Garage No
Total Parking Spaces 4
Garage No
Private Pool No
Building
Story 1
Sewer Sanitary sewer
Architectural Style Bungalow
Listed by Century 21 United Realty Inc.
Nearby Locations