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    For Sale - 1274 Cobden Road, Parkway Park - Queensway Terrace S and Area, Ontario

    Est payment $3,121/mo
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    Views   1
    Time on Jump  1 days

    AI Summary *

    • Freshly painted bungalow in a prime location, close to public transport.
    • Dual-income property with strong cash flow potential from two rental units.
    • Upper unit features 3 bedrooms and a renovated kitchen with new appliances.
    • Fully finished basement with 2 bedrooms and a modern kitchen.
    • Current rentals generate $3,750/month, making it a solid investment.




    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!
    Listing IDX12984340
    Address1274 Cobden Road
    CityParkway Park - Queensway Terrace S and A…
    Price$649,900
    Bed / Bath5 / 2 Full
    StyleBungalow, Detached
    ConstructionConcrete
    TypeResidential
    StatusFor Sale

    Subtype DetachedIndoor Features Countertop Range, Primary Bedroom - Main Floor, Water Heater Owned, In-Law CapabilityOutdoor Features Year Round LivingOwnership FreeholdBasement ApartmentFoundation BlockHeating / Cooling Forced AirHeating Fuel GasSewer Other

    Parking 4.00
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    Listing Agency:  RIGHT AT HOME REALTY

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    1274 Cobden Road
    Parkway Park - Queensway Terrace S and Area , Ontario
    5 2 $649,900
    Get more info