We are a fully licensed real estate company that offers full service but at a discount commission. In terms of services and exposure, we are identical to whoever you would like to compare us with. We are on MLS®, all the top internet real estate sites, we place a sign on your property ( if it's allowed ), we show the property, hold open houses, advertise it, handle all the negotiations, plus the conveyancing. There is nothing that you are not getting, except for a high commission!
2428-2430 IRIS STREET, Ottawa
2025-08-25
Quick Summary
MLS®#X12363021
Property Description
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, 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 $105,000, 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, 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:32467)
Property Features
Ammenities Near By
- Ammenities Near By: Public Transit, Schools
Building
- Amenities: Separate Electricity Meters, Separate Heating Controls
- Appliances: Water Heater
- Architectural Style: Bungalow
- Basement Development: Finished
- Basement Features: Apartment in basement
- Basement Type: N/A, N/A (Finished)
- Cooling Type: Central air conditioning
- Exterior Finish: Brick
- Fireplace: No
- Interior Size: 2000 - 2500 sqft
- Building Type: Fourplex
- Stories: 1
- Utility Water: Municipal water
Features
- Feature: Irregular lot size, Lane
Land
- Land Size: 86.7 x 94.8 FT
- Sewer: Sanitary sewer
Zoning
- Description: Residential
Information entered by TRU REALTY
Listing information last updated on: 2025-12-05 17:23:45
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We charge a total of $7,950 for residential properties under $400,000. For residential properties $400,000-$900,000 we charge $9,950. For residential properties over $900,000 we charge 1% of the sale price plus $950. Plus Applicable taxes, of course. We also offer the flexibility to offer more commission to the buyer's agent, if you want to. It is as simple as that! For commercial properties, farms, or development properties please contact a One Percent agent directly or fill out the market evaluation form on the bottom right of our website pages and a One Percent agent will get back to you to discuss the particulars.
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Sheila Forward-Davis REALTOR®
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- Mobile:
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Home is where the heart is... let's find your gem in Ottawa or around the world. Sheila knows ...
Full ProfileJay Terris Salesperson
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- (613) 355-7295
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I offer 1% CASH BACK REBATE* On Home Purchases My mission is to represent ...
Full ProfileSergiu Buhatel Broker
- Phone:
- (613) 724-8815
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- Support Area:
- Ottawa, Nepean, Barrhaven, Findlay Creek, Blossom Park, Orleans, Kanata, Riverside South, Cumberland, Rockland, Manotick, Stittstville, Cornwall, Perth
Sergiu has been a Realtor® since 2012 and obtained his Broker license in 2015. He holds a Mas ...
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