882 Balsam Drive, Orleans - Cumberland and Area, Ontario K1E 1B5 is For Sale and has a listing price of 894,999. The property is located in the Orleans - Cumberland and Area . It's been on the website for 15 Days.
882 Balsam Drive just became an even greater opportunity – now city-approved for a third unit! This newly renovated, turn-key legal duplex in the heart of Orleans sits on an impressive 65′ x 150′ lot, offering the perfect blend of strong cash flow, modern upgrades, and future development potential.Originally a single-family bungalow, the property has been expertly converted into two self-contained units with separate entrances and hydro meters. The main level offers 3 spacious bedrooms, a full bathroom, and access to an attached garage – currently rented for $2,550/month, with tenants covering hydro. The lower unit features 3 bedrooms, a full bathroom, and is rented for $2,200/month. With city approval already in place for a third dwelling, this property can now be transformed into a triplex – adding tremendous value and long-term upside. A third hydro meter is already installed, and the seller has paid for professional plans for the third unit, giving the next investor a head start.The home has been fully renovated top-to-bottom, including new kitchens (with quartz countertops & stainless steel appliances), modern bathrooms, flooring, drywall, paint, pot lights throughout, upgraded electrical & plumbing, new basement windows, new interlock, a brand-new driveway that fits up to 9 vehicles, and more. Located just minutes from Highway 174, the upcoming LRT station, Place d’Orleans Mall, and the Ottawa River, this property offers unmatched convenience in one of Orleans’ most sought-after areas.Whether you’re looking to expand your portfolio, or secure a cash-flowing, future-ready investment, this is the one.
| List Date | MLS ID | List Price | Status | End Date | Closed Price |
|---|---|---|---|---|---|
| 10/25/2025 | X12482063 | $894,999 | For Sale | - | - |
| 07/02/2025 | X12256520 | $924,900 | For Sale | 10/24/2025 | - |
| 12/10/2024 | X11888009 | $599,900 | Sold | 12/15/2024 | $610,000 |