Brick duplex with a front lawn and paved driveways Features: lawn, gas meter, brick siding, fence, parking pad, shingle roof

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Brick facade home featuring a paved driveway, front lawn, and visible sidewalk Features: brick siding, shingle roof, curbs, parking pad, lawn, driveway

Brick exterior with a dark shingle roof and white framed windows Features: lawn, parking pad, gas meter, brick siding, shingle roof, downspout, fence

Brick exterior townhome with a shingled roof and front lawn Features: curbs, brick siding, parking pad, shingle roof, gas meter, lawn, fence

Duplex property featuring a brick exterior and a grey shingled roof Features: shingle roof, parking pad, brick siding, gas meter, fence, lawn, curbs

Brick facade townhome featuring a front lawn, paved driveways, and individual entry doors Features: lawn, parking pad, curbs, gas meter, brick siding, fence, shingle roof

Brick exterior featuring a white entry door with an arched window, a side light window, and a wall-mounted light fixture Features: fence, brick siding

Red brick exterior featuring a white entry door with an arched window, sidelight, and decorative knocker Features: brick siding, gas meter, concrete foundation

Exterior red brick wall featuring a white entry door with an overhead lantern sconce Features: fence, concrete foundation, satellite dish, brick siding

Brick exterior with a white entry door, exterior wall light, and a white window box Features: electric meter, shed, outdoor structure, fence, brick siding, concrete foundation, parking pad

Paved patio area opening to a fenced backyard with mature trees, providing natural shade Features: grill, patio, lawn, central ac, outdoor dining area, fence

Aerial perspective showcasing two properties with distinct features

Entryway featuring a white paneled door with glass insert, wood-finish stairs, white risers, and a wood handrail Features: drywall, natural light, baseboards wall, stairs

Entryway featuring wood stairs with white trim, a solid white door with a decorative window, and bi-fold closet doors Features: stone finish floor, stairs, drywall, baseboards wall, closet

Spacious interior with wood-finish flooring, neutral gray wall tones, and white trim Features: wood finish floor, baseboards wall, vent, natural light, drywall

Kitchen featuring white cabinetry with silver-tone hardware, a window, and gray walls Features: baseboards wall, drywall, natural light, white cabinets, countertops, visible hinge cabinets

Kitchen featuring white cabinetry with brushed nickel hardware, light-toned countertops, and a double-basin sink Features: natural light, sink, baseboards wall, stone finish floor, countertops, drywall, white cabinets, visible hinge cabinets

Room featuring wood-finish flooring, a contemporary ceiling light fixture, and neutral gray walls Features: baseboards wall, vent, natural light, wood finish floor, closet, drywall

Hardwood flooring complements neutral gray walls and white trim Features: drywall, vent, natural light, baseboards wall, wood finish floor

Hardwood flooring with a natural finish, light gray wall paint, and white trim work Features: natural light, vent, drywall, baseboards wall, wood finish floor

Bathroom with a wall-mounted sink, a toilet, and a bathtub with a shower Features: sink, drywall, toilet, full bathroom, mirror, combined bath shower

Bathroom featuring a wall-mounted sink, a mirror, and a toilet Features: sink, baseboards wall, mirror, smoke carbon monoxide detector, natural light, wood finish floor, half bathroom, toilet, vent, drywall

Wood-finish flooring complemented by light gray walls Features: wood finish floor, drywall, closet, baseboards wall

Interior staircase featuring wood-finish treads, white risers, and a white handrail Features: stairs, drywall

Entryway featuring light wood-finish flooring, white paneled door with glass insert, white baseboards, and a white handrail with chrome hardware Features: drywall, baseboards wall, wood finish floor, natural light

Kitchen featuring white cabinetry, stainless steel appliances, white subway tile backsplash, and wood-finish flooring Features: white cabinets, shaker cabinets, drywall, l shaped kitchen, range oven, backsplash, countertops, dishwasher, natural light, wood finish floor, baseboards wall, refrigerator, sink, range hood

Kitchen featuring white cabinetry, light countertops, subway tile backsplash, and stainless steel appliances Features: shaker cabinets, range oven, basement, white cabinets, dishwasher, natural light, microwave, range hood, wood finish floor, sink, backsplash, countertops, refrigerator

Contemporary kitchen with white cabinetry, stainless steel appliances, and wood-finish flooring Features: white cabinets, wood finish floor, refrigerator, range oven, countertops, shaker cabinets, range hood, sink, backsplash, natural light, basement, l shaped kitchen, dishwasher

Spacious room with light wood-finish flooring, neutral wall tones, white baseboards, and ceiling-mounted lighting Features: baseboards wall, wood finish floor, drywall

Open-concept kitchen and living area featuring light wood-finish flooring, white cabinetry, stainless steel appliances, a subway tile backsplash, and recessed window Features: refrigerator, shaker cabinets, backsplash, countertops, basement, wood finish floor, natural light, baseboard radiator, drywall, white cabinets, dishwasher, range oven, sink, baseboards wall, microwave, l shaped kitchen, range hood

Spacious room with wood-finish flooring, light-toned walls, and a recessed window Features: basement, baseboards wall, natural light, wood finish floor, drywall, low ceiling

Spacious room featuring wood-finish flooring, light-toned walls, a flush-mount ceiling light, and white bi-fold closet doors Features: baseboards wall, wood finish floor, closet, drywall, low ceiling, basement

Double vanity featuring white cabinetry and integrated sinks Features: vent, baseboards wall, double vanity, backsplash, full bathroom, drywall, sink

Room with wood-finish flooring, recessed window, and flush-mount ceiling light Features: drywall, baseboards wall, baseboard radiator, wood finish floor, basement, low ceiling, natural light

Room featuring light-toned wood-finish flooring and neutral wall paint Features: low ceiling, baseboards wall, drywall, wood finish floor, closet

Room featuring light wood-finish flooring, a white trim package, and light neutral wall tones Features: basement, natural light, drywall, wood finish floor, low ceiling, closet, baseboards wall, baseboard radiator

Dedicated laundry area featuring a front-loading washer and dryer, wood-finish flooring, recessed lighting, and a neutral color palette Features: laundry, baseboards wall, separate washer dryer, wood finish floor, drywall

Bathroom featuring a white bathtub, chrome shower fixtures, a white vanity with storage, and a light-toned countertop Features: drywall, vanity, combined bath shower, baseboards wall, sink, vent, tile floor, full bathroom, baseboard radiator

Aerial perspective showcasing the residential area, surrounding green spaces, and prominent LRT Iris Station Features: interstate view, residential view, woods view

Aerial perspective showcasing a residential neighborhood with surrounding green spaces Features: residential view, water view, woods view, golf course view

Extensive urban landscape featuring commercial districts, educational institutions, and residential areas Features: woods view

Aerial perspective of a residential neighborhood with a prominent central property marker Features: residential view, woods view

Aerial perspective showcasing residential properties amidst mature trees Features: residential view, woods view

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For Sale - 2428-2430 Iris Street, Parkway Park - Queensway Terrace S and Area, Ontario

2428-2430 Iris Street

Parkway Park - Queensway Terrace S and Area , Ontario

10 4 $1,399,900

Est payment $6,722/mo

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Fully legal four unit property 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,t ransit, 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. Both basement units are completely renovated (2018) upper 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 each offers 2 bedrooms and a den/ media (sometimes used as another bedroom), 1 full bathroom, a separate side entrance, and is extremely spacious with plenty of potential. Gross annual income exceeds $103,000, and more then 6% cap rate. 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, rooms history including detailed expenses and net income, is available upon request. Don't miss this high-demand, high roi opportunity in one of ottawa's most sought-after areas for rental properties.

Listing IDX13583750

Address2428-2430 Iris Street

CityParkway Park - Queensway Terrace S and A…

Price$1,399,900

Bed / Bath10 / 4 Full

Style1 Storey/Apt, Fourplex

ConstructionBrick Veneer

Land Size7040

TypeMulti-Family

StatusFor Sale

Extras

Subtype FourplexIndoor Features Carpet Free, Built-In Oven, Separate Heating ControlsAmenities Public Transit, School, School Bus RouteOwnership FreeholdBasement Apartment, Full, Finished, Separate EntranceFoundation Poured ConcreteHeating / Cooling BaseboardHeating Fuel ElectricSewer Sewer

Market Info

Parking 4.00

Listing Agency:
TRU REALTY

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Listing Agency:
TRU REALTY

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For Sale - 2428-2430 Iris Street, Parkway Park - Queensway Terrace S and Area, Ontario

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