$649,900
Available - For Sale
Listing ID: X12984340
1274 Cobden Road East , Parkway Park - Queensway Terrace S and A, K2C 3A2, Ottawa
| Freshly painted bungalow in a prime location, within walking distance to the Baseline bus stop, offering unbeatable convenience! Ideal for first-time buyers or investors, this property presents a fantastic opportunity to own a dual-income home with strong cash flow potential. Featuring two separate units: the upper unit offers 3 bedrooms, a renovated kitchen with NEW stove (2024), and a full bathroom with NEW washer/dryer (2024); the fully finished basement unit includes 2 bedrooms with egress windows (installed 2021), a modern NEW kitchen (2024), full bathroom, separate laundry, storage space, and an independent electric sub-panel (2024). Additional upgrades include a NEW hydro meter (2024) and separate entrances, including a convenient side entrance under the carport. Property includes 2 washers, 2 dryers, 2 stoves, 2 hood fans, and 1 microwave. Both units are currently rented-upstairs at $2,150/month and basement at $1,600/month (utilities extra), generating $3,750/month ($45,000 annually) in gross income. With estimated expenses including property taxes ($4,600), insurance ($1,200), maintenance ($2,400), and a 5% vacancy allowance, the property delivers an approximate net operating income of $34,550 and a cap rate of ~5.3% at the asking price of $650,000, making it a solid and stable income-generating investment. Vacant possession available with proper notice-don't miss this incredible opportunity! |
| Price | $649,900 |
| Taxes: | $4513.32 |
| Occupancy: | Tenant |
| Address: | 1274 Cobden Road East , Parkway Park - Queensway Terrace S and A, K2C 3A2, Ottawa |
| Directions/Cross Streets: | Baseline/Cobden |
| Rooms: | 3 |
| Rooms +: | 2 |
| Bedrooms: | 3 |
| Bedrooms +: | 2 |
| Family Room: | T |
| Basement: | Apartment |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 4 | Ground |
| Washroom Type 2 | 4 | Basement |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Total Area: | 0.00 |
| Property Type: | Detached |
| Style: | Bungalow |
| Exterior: | Concrete |
| Garage Type: | Carport |
| (Parking/)Drive: | Available, |
| Drive Parking Spaces: | 3 |
| Park #1 | |
| Parking Type: | Available, |
| Park #2 | |
| Parking Type: | Available |
| Park #3 | |
| Parking Type: | None |
| Pool: | None |
| Approximatly Square Footage: | 700-1100 |
| CAC Included: | N |
| Water Included: | N |
| Cabel TV Included: | N |
| Common Elements Included: | N |
| Heat Included: | N |
| Parking Included: | N |
| Condo Tax Included: | N |
| Building Insurance Included: | N |
| Fireplace/Stove: | N |
| Heat Type: | Forced Air |
| Central Air Conditioning: | Central Air |
| Central Vac: | N |
| Laundry Level: | Syste |
| Ensuite Laundry: | F |
| Sewers: | Other |
| Utilities-Cable: | Y |
| Utilities-Hydro: | Y |
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| RIGHT AT HOME REALTY |
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Sumit Chopra
Broker
Dir:
647-964-2184
Bus:
905-230-3100
Fax:
905-230-8577
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Freehold - Detached |
| Area: | Ottawa |
| Municipality: | Parkway Park - Queensway Terrace S and A |
| Neighbourhood: | 6303 - Queensway Terrace South/Ridgeview |
| Style: | Bungalow |
| Tax: | $4,513.32 |
| Beds: | 3+2 |
| Baths: | 2 |
| Fireplace: | N |
| Pool: | None |
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