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32 DAVID STREET, Edwardsburgh/Cardinal, Ontario, K0E 1X0

MLS® # X11947441
Investment For Sale In Edwardsburgh/Cardinal, Ontario
$1,499,900
32 David Street, Edwardsburgh/Cardinal, ON - Outdoor With Facade
32 David Street, Edwardsburgh/Cardinal, ON - Outdoor With Facade
32 David Street, Edwardsburgh/Cardinal, ON - Outdoor With Facade
32 David Street, Edwardsburgh/Cardinal, ON - Indoor Photo Showing Other Room
32 David Street, Edwardsburgh/Cardinal, ON - Indoor
32 David Street, Edwardsburgh/Cardinal, ON - Indoor Photo Showing Other Room
32 DAVID STREET, Edwardsburgh/Cardinal, Ontario, K0E 1X0
$1,499,900

Property Information:

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! (id:27)

Building Features:

  • Style: Multiplex
  • Building Type: Fourplex
  • Architectural Style: Bungalow
  • Basement Development: Unfinished
  • Basement Type: Full
  • Exterior Finish: Vinyl siding
  • Foundation Type: Concrete
  • Heating Type: Forced air
  • Heating Fuel: Propane
  • Cooling Type: Central air conditioning
  • Appliances: Water Treatment, Dishwasher, Dryer, Hood Fan, Microwave, Stove, Washer, Refrigerator

Property Features:

  • Property Type: Multi-family
  • Bedrooms: 8
  • Bathrooms: 8
  • Half Bathrooms: 1
  • Features: Lane
  • Zoning: R3-6
  • Sewer: Sanitary sewer
  • Parking Type: Attached garage, Inside Entry
  • No. of Parking Spaces: 8

Courtesy of: EXP REALTY

REALTOR.ca  

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Sales/Price History

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Market Price Trends

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Location of 32 DAVID STREET, Edwardsburgh/Cardinal, Ontario, K0E 1X0

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate

36 hot days expected in 2050

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

Projected Heat Risk: Moderate

36 hot days expected in 2050

58/100

Moderate

ClimateCheck®

Current data

This property, 32 DAVID STREET , experiences 7 hot days per year at around 30.6 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 36 hot days at 34.3 degrees Celsius.

Projected Avg. Temperature

Past
30.6℃
2050
34.3℃

# Hot Days Per Year

Past
7
2050
36

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

68/100

Moderate-High

ClimateCheck®

Current data

This property, 32 DAVID STREET , experiences 11 significant 2-day storms per year, with about 326.5mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 14 significant 2-day storms with 417.3mm of precipitation per year.

Precipitation Per Storm

Past
326.5mm
2050
417.3mm

48-Hour Storms Per Year

Past
11
2050
14

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 32 DAVID STREET, Edwardsburgh/Cardinal, Ontario, K0E 1X0

Life Stage

Older Parents, Younger Kids

Employment Type

Mixed

Average Household Income

$102,000.00

Average Number of Children

1.60

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

17.74 %

High school certificate or equivalent

29.04 %

Apprenticeship trade certificate/diploma

8.06 %

College/non-university certificate

34.68 %

University certificate (below bachelor)

1.61 %

University Degree

8.87 %

Commuter

Travel To Work

By Car

90.38 %

By Public Transit

0.0 %

By Walking

5.77 %

By Bicycle

0.0 %

By Other Methods

3.85 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

43.84 %

Houses

56.16 %

Own Vs. Rent

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