ON > Parkway Park - Queensway Terrace S And Area > 6304 - Parkway Park
Parkway Park - Queensway Terrace S And Area, ON K2C 1C6,2428-2430 Iris ST
Parkway Park - Queensway Terrace S And Area, ON K2C 1C6,2428-2430 Iris ST
Parkway Park - Queensway Terrace S And Area, ON K2C 1C6,2428-2430 Iris ST
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$1,650,000
Est. payment /mo
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12 Beds
4 Baths
New

2428-2430 Iris ST Parkway Park - Queensway Terrace S And Area, ON K2C 1C6

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Mitra Nobakht-Eivaly

Mitra Nobakht-Eivaly

+1(416) 832-9292

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 2000-2500

Subdivision 6304 - Parkway Park

MLS Listing ID X12363021

Style Bungalow

Bedrooms 12

Annual Tax Amount $7,655

Tax Year 2024

Property Sub-Type Fourplex

Lot Depth 94.81

Lot Front 86.68

Appx SqFt 2000-2500

Property 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.

Location

Province ON

County Ottawa

Community 6304 - Parkway Park

Area Ottawa

Rooms

Family Room No

Basement Apartment, Finished

Kitchen 4

Separate Den/Office 6

Interior

Interior Features Separate Hydro Meter, Separate Heating Controls, Water Heater

Cooling Central Air

Fireplace No

Heat Source Gas

Exterior

Parking Features Lane

Pool None

Roof Type Asphalt Shingle

Lot Frontage 86.68

Lot Depth 94.81

Total Parking Spaces 4

Building

Unit Features Public Transit,School

Foundation Poured Concrete

Others

ParcelsYN No

Virtual Tour https://www.myvisuallistings.com/vt/358838

Listed by TRU REALTY

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Mitra Nobakht-Eivaly

Real Estate Sales Representatives

+1(416) 832-9292

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2428-2430 Iris ST

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