Share
$1,650,000
Ontario,Ottawa
For Sale Active
2428-2430 IRIS STREET, Ottawa, Ontario K2C1C6
  • 12
  • 4
  • 2,500 Sqft
Basic Details
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. (id:62650)

Read More
Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: X12363021
  • Price: $1,650,000
  • Bedrooms: 12
  • Bathrooms: 4
  • Square Footage: 2,500 Sqft
  • Status: Active
  • Property Attached Yn: 1
  • Property Sub Type: Multi-family
  • Office Key: 290376
Features & Appliances
Features
  • Heating System: Forced air, Natural gas
  • Cooling System: Central air conditioning
  • Basement: Finished, N/A, Apartment in basement
  • Parking: No Garage
  • Architectural Style: Bungalow
  • Exterior Features: Brick
  • Sewer: Sanitary sewer
  • Utilities: Electricity, Sewer, Cable
Address Map
  • Location: CA, Ontario, Ottawa, K2C1C6
  • Street: Iris
  • Street Number: 2428-2430
  • Street Suffix: Street
  • Longitude: W76° 13' 34.9''
  • Latitude: N45° 21' 13.1''
Additional Information
  • Water Source:
  • Foundation Details:
  • Lot Features:
  • Lot Size Dimensions: 86.7 x 94.8 FT
  • Stories: 1.0
Financial
  • Tax Annual Amount: 7655.16
Powered by REALTOR.ca
Listing updated: 2025-09-13 09:38:20
List Your Property
Mortgage Calculator
Get Pre-Approved
$
$
%
%
years
Monthly Payment (Est.) $
Similar Properties
Listing Information
  • List Agent Key: 1923794
  • List Office Key: 290376
  • Modification Timestamp: 2025-08-25T20:06:10Z
  • Originating System Name: Ottawa Real Estate Board
  • Status Change Timestamp: 2025-08-25T19:55:13Z
Powered by REALTOR.ca
Listing updated: 2025-09-13 09:38:21

These forms are provided to ComFree’s Unrepresented Sellers as a part of their Mere Posting ComFree Listing Contract and in partnership with PassGo Law.

I acknowledge I can only access these forms as a ComFree customer under contract.

These forms are provided to ComFree’s Unrepresented Sellers as a part of their Mere Posting ComFree Listing Contract and in partnership with PassGo Law.

I acknowledge I can only access these forms as a ComFree customer under contract.

How It Works

1. Purchase Your Package

2. We Ship Your ‘For Sale’ Sign

3. Book Your VR Tour

4. Complete Listing Input Forms

5. We Make Your Listing Live

6. Get Support 7 Days a Week

7. iSOLD!

These forms are provided to ComFree’s Unrepresented Sellers as a part of their Mere Posting ComFree Listing Contract and in partnership with PassGo Law.

I acknowledge I can only access these forms as a ComFree customer under contract.

These forms are provided to ComFree’s Unrepresented Sellers as a part of their Mere Posting ComFree Listing Contract and in partnership with PassGo Law.

I acknowledge I can only access these forms as a ComFree customer under contract.

How It Works

1. Purchase Your Package

2. We Ship Your ‘For Sale’ Sign

3. Book Your VR Tour

4. Complete Listing Input Forms

5. We Make Your Listing Live

6. Get Support 7 Days a Week

7. iSOLD!