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Jeff Balys

jeff@balys.org +1(613) 795-3947

$ 649,900

Est. payment | -/mo

5 Beds

2 Baths

Save

$ 649,900

Est. payment | -/mo

Save

5 Beds

2 Baths

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Approx. Sqft 700-1100

Subdivision 6303 - Queensway Terrace South/Ridgeview

MLS Listing ID X12984340

Style Bungalow

Bedrooms 5

Annual Tax Amount $4,513

Tax Year 2025

Property Sub-Type Detached

Property Description

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!

Location

Province ON

County Ottawa

Area Ottawa

Rooms

Family Room Yes

Basement Apartment

Kitchen 2

Separate Den/Office 2

Interior

Interior Features Countertop Range, Primary Bedroom - Main Floor, Water Heater Owned, In-Law Capability

Cooling Central Air

Fireplace No

Heat Source Gas

Exterior

Exterior Feature Year Round Living

Parking Features Available, None

Pool None

Roof Type Asphalt Shingle

Lot Frontage 49.94

Lot Depth 99.88

Total Parking Spaces 4

Building

Foundation Block

Others

ParcelsYN No

Listed by RIGHT AT HOME REALTY

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(613) 795-3947

jeff@balys.org

Ottawa Ontario, Canada

1274 Cobden RD E Parkway Park - Queensway Terrace S And Area, ON K2C 3A2

Jeff Balys

Key Details

Location

Rooms

Interior

Exterior

Building

Others

Nearby Locations

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1274 Cobden RD E