32 David Street, Edwardsburgh/Cardinal, ON
Property Highlights
Welcome to this remarkable Bungalow fourplex located in the coveted neighborhood of 807 - Edwardsburgh/Cardinal Twp. Expertly crafted featuring premium vinyl siding construction, this residence presents an exceptional opportunity offered at $1,499,900 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 8 Bedrooms and 8 Bathrooms with 4 functional kitchens
- Generous living space spanning < 700 sqft on a spacious lot (Feet)
- Features a full, unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
- 8.0 total parking spaces available with a convenient attached configuration
- Notable attributes: Water Heater Owned, Water Treatment
- equipped with central air central cooling and highly efficient forced air heating via propane
Description
Attention investors!! Rarely offered purpose-built Fourplex in Spencerville featuring four individually titled 2-bed, 1.5-bath attached bungalows, each with private garage (inside entry), backyard patio, and full unfinished basements with legal egress windows ideal for adding a third bedroom. All units include stainless steel appliances, stackable in-unit laundry, efficient HVAC systems, and water treatment setups. Open-concept layouts with granite counters and quality finishes throughout. Fully tenanted with strong rental income of $107,952/year and a Net Operating Income of $90,240. Turnkey investment or ideal multi-generational living setup with future resale flexibility. Quiet residential setting just minutes to Highway 416.
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Property Summary
This fourplex located at 32 David Street, Edwardsburgh/Cardinal is currently for sale and has been available on SousaSells for 305 days. This property is listed at $1,499,900 with an estimated mortgage of $4,993* per month. It has 8 beds, 8 bathrooms, and is < 700 square feet. 32 David Street, Edwardsburgh/Cardinal is in the 807 - Edwardsburgh/Cardinal Twp neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
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Property History
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 32 David Street, Edwardsburgh/Cardinal, ON K0E 1X0
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Edwardsburgh/Cardinal, ON
For a property listed at $1,499,900 in Edwardsburgh/Cardinal, the legal minimum down payment is $299,980 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $26,473 for this transaction. As this listing is in Edwardsburgh/Cardinal (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $26,473.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.