This Other at 2428 2430 Iris Street Ottawa, ON with the MLS Number x12363021 listed by Itai Olej - TRU REALTY on the Ottawa market 1 week ago at $1,650,000.
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. (id:1945)
Property Details
Key information about 2428 2430 Iris Street
Cooling:
Central air conditioning
Heating:
Forced air
Natural gas
Structure Type:
Fourplex
Exterior Features:
Brick
Architectural Style:
Bungalow
Interior Features
Discover the interior design and amenities
Basement:
Finished
Apartment in basement
N/A
Appliances:
Water Heater
Exterior & Lot Features
Learn about the exterior and lot specifics of 2428 2430 Iris Street
Water Source:
Municipal water
Parking Features:
No Garage
Lot Size Dimensions:
86.7 x 94.8 FT
Utilities & Systems
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Sewer:
Sanitary sewer
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Nearby Listings Stat
Estimated price and comparable properties near 2428 2430 Iris Street
Active listings
2
Min Price
$1,650,000
Max Price
$1,650,000
Avg Price
$1,650,000
Days on Market
11 days
Sold listings
0
Min Sold Price
$N/A
Max Sold Price
$N/A
Avg Sold Price
$N/A
Days until Sold
N/A days
Nearby Places
Nearby schools and amenities around 2428 2430 Iris Street
Sir Guy Carleton Secondary School
(1 km)
Ottawa
Woodroffe High School
(1.1 km)
2410 Georgina Dr, Ottawa
D. Roy Kennedy Public School
(1.3 km)
919 Woodroffe Ave, Ottawa
Centrepointe Theatre
(1.3 km)
101 Centrepointe Dr, Ottawa
