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CAONOttawa2428-2430 Iris St
2428-2430 Iris St, Home with 12 bedrooms, 4 bathrooms and 4 parking in Ottawa ON | Image 1
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$1,650,000

2428-2430 Iris St, Ottawa, ON

Real Estate

For Sale

$--,---,---
1244
  • Key Facts
  • Description
  • Map

Key Facts

Type Quadruplex
Levels Residential
Size -
Garage No
Taxes $7,655
Days Active 1
Lot Size 
Approx. Age 
MLS® Number X12363021

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

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.Show Description
MLS® NumberX12363021
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageNo
Approx. Age
BasementApartment, Finished
DrivewayGarage Type:None
Garage Spaces
HeatGas, Forced Air
A/CCentral Air
Heating Fuel

Extras

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