$1,650,000
2428-2430 Iris Street, Parkway Park - Queensway Terrace S and Area, ON K2C 1C6
6304 - Parkway Park, Parkway Park - Queensway Terrace S and Area,
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Fully Legal Fourplex 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. 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 are only a few years old. Each unit offers 3 bedrooms, 1 full bathroom, a separate side entrance, and is extremely spacious with plenty of potential. Gross annual income exceeds $103,000, with two rent increases coming soon, providing further upside. 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.
- HoldoverDays: 60
- 建筑样式: Bungalow
- 房屋种类: Residential Freehold
- 房屋子类: Fourplex
- DirectionFaces: South
- GarageType: None
- 路线: South on Woodroffe West on Iris
- 纳税年度: 2024
- 停车位特点: Lane
- ParkingSpaces: 4
- 停车位总数: 4
- WashroomsType1: 1
- WashroomsType1Level: Ground
- WashroomsType2: 1
- WashroomsType2Level: Ground
- WashroomsType3: 1
- WashroomsType3Level: Basement
- WashroomsType4: 1
- WashroomsType4Level: Basement
- BedroomsAboveGrade: 6
- BedroomsBelowGrade: 6
- 内部特点: Separate Hydro Meter, Separate Heating Controls, Water Heater
- 地下室: Apartment, Finished
- Cooling: Central Air
- HeatSource: Gas
- HeatType: Forced Air
- LaundryLevel: Main Level
- ConstructionMaterials: Brick
- 屋顶: Asphalt Shingle
- 泳池特点: None
- 下水道: Sewer
- 基建详情: Poured Concrete
- 地块号: 039530004
- LotSizeUnits: Feet
- LotDepth: 94.81
- LotWidth: 86.68
- PropertyFeatures: Public Transit, School
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