32 DAVID St, Edwardsburgh/Cardinal

32 DAVID St, 807 - Edwardsburgh/Cardinal Twp, Edwardsburgh/Cardinal K0E1X0

Bungalow, Fourplex Property
8 Rooms Total, 4 Kitchens
4 Parking Spaces

Full, Unfinished Basement
Vinyl Siding Exterior

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!

Part Lot 5 N/S David Street Plan 40; Part Bruce Street Plan 40 Closed By Pr23706, Being Part 1 & 2 On Plan 15R 12238 Subject To An Easementover Part 1 On 15R12238 In Favour Of Parts 3, 7 & 9 On 15R12238 As In Gc81096 Together With An Easement Over Part 3, 7 & 9 On 15R12238 As Ingc81096 Subject To An Easement In Favour Of Part 3, 7 & 9 On 15R12238 As In Gc81096 Township Of Edwardsburgh/Cardinal

2-piece on ground level
4-piece on ground level