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$1,399,900
10 Beds ⋅ 4 Baths ⋅ X13583750 MLS
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,t ransit, 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 $103,000, 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, Rooms History including detailed expenses and net income, is available upon request. Don't miss this high-demand, high ROI opportunity in one of Ottawa's most sought-after areas for rental properties.

2428-2430 Iris Street, Parkway Park - Queensway Terrace S And Area
$749,900
3 Beds ⋅ 2 Baths ⋅ X13511342 MLS
Absolutely lovely, stylish, open-concept bungalow set on a very quiet street in Parkway Park. Large bright windows allow for plenty of natural light, updated kitchen with modern finishes like granite countertops, stainless steel appliances and pot lights. Gleaming hardwood floors cover the living room and three generous bedrooms on the main level, along with an updated bathroom. The fully finished lower level features a large gym area, a lovely additional bedroom, stunning bath and laundry room. The rear yard is massive....essentially a blank canvas with enough room for a host of options, be it garage, pool, ADU or all of them.

1321 Rustic Drive, Parkway Park - Queensway Terrace S And Area
$649,000
3 Beds ⋅ 3 Baths ⋅ X13248424 MLS
This wonderfully maintained all-brick bungalow is just a 2-minute walk to the future Iris LRT Station, and walking distance to College Square & Algonquin College. With hardwood floors throughout, the Main level offers 3 bedrooms, a 4-piece bath, and a large, sun-filled Living room with a gas fireplace, plus a Kitchen and Dining area with lots of counter space and a full wall of windows. The Lower Level features direct access from an exterior door, providing excellent flexibility for an in-law setup, additional living space, or full renovation for an Investor. It currently has a large Family room, with a Bar, a 2-piece bath, and a separate shower in the Utility room. The fully hedged, private backyard has a Storage Shed with electrical power and a Garden Shed.

2390 Cheshire Road, Parkway Park - Queensway Terrace S And Area