2428-2430 Iris Street, Ottawa, ON K2C1C6

$1,500,000
Beds

10

Baths

4

Sqft

2000

Community

Parkway Park

Property Overview

  • Home Type

    Row / Townhouse

  • Building Type

    Fourplex

  • Lot Size

    8225 Sqft

  • Community

    Parkway Park

  • Beds

    10

  • Full Baths

    4

  • Cooling

    Air Conditioning (Central)

  • Half Baths

    0

  • Parking Space(s)

    4

  • Property Taxes

  • Days on Market

    89

  • MLS® #

    X12699666

  • Price / Sqft

    $750

  • Style

    Bungalow

Description

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Fully Legal Four unit property in Parkway Park Absolute Cash Cow! Rare opportunity to own a turn-key legal 4-unit property in a premium investment location close to Algonquin College, College Square, IKEA, transit, and the new LRT. Two side-by-side bungalows, each with a main-floor unit and a legal basement apartment. All completed with permits, soundproofing, separate meters, and independent heating systems. both basement units are completely renovated (2018) upper Unit 2430 has been fully updated throughout, while 2428 has new kitchen, fresh paint, refinished hardwood flooring, and new interior doors. The property also features new appliances throughout, new furnaces, and a roof re-shingled in 2017 with vents added. Lower units Each offers 2 bedrooms and a Den/ media (sometimes used as another bedroom), 1 full bathroom, a separate side entrance, and is extremely spacious with plenty of potential. Gross annual income exceeds $104,000, and more then 6% Cap rate. This is an absolute cash cow with fantastic, well-vetted tenants and an extremely stable rental stream with virtually no vacancy. Tenants pay heat and hydro; landlord pays only water. Hot water tanks are included. This property is perfect for investors looking to move into one unit and rent the others, or lease all four units for maximum returns. More information, including detailed expenses and net income, is available upon request. Don't miss this high-demand, high-ROI opportunity in one of Ottawas most sought-after areas for rental properties.

Estimated buyer fees

List price$1,500,000
Typical buy-side realtor$37,500
Bōde$0
Saving with Bōde$37,500

When you are empowered by Bōde, you don't need an agent to buy or sell your home. For the ultimate buying experience, connect directly with a Bōde seller.

Interior Details

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  • Flooring

    See Home Description

  • Heating

    Baseboard

  • Cooling

    Air Conditioning (Central)

  • Number of fireplaces

    0

  • Basement details

    None

  • Basement features

    Part

  • Suite status

  • Suite

Exterior Details

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  • Exterior

    Brick

  • Number of finished levels

    1

  • Construction type

    See Home Description

  • Roof type

    Asphalt Shingles

  • Foundation type

    Concrete

More Information

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Property

  • Community features

    Park, Schools Nearby

  • Front exposure

  • Multi-unit property?

    Data Unavailable

  • Number of legal units for sale

  • HOA fee

  • HOA fee includes

    See Home Description

Parking

  • Parking space included

    Yes

  • Total parking

    4

  • Parking features

    No Garage

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