Mirna Botros
613-600-26261274 Cobden Road - $649,900
1274 Cobden Road - $649,900
1274 Cobden Road
$649,900
6303 - Queensway Terrace South/Ridgeview
Ottawa, OntarioK2C3A2
5 beds
2 baths
4 parking
MLS#: X12984340Listed: about 9 hours agoUpdated:about 9 hours ago
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! (id:58075)Details
Details for 1274 Cobden Road, Ottawa, Ontario- Property Type
- Single Family
- Building Type
- House
- Storeys
- 1
- Neighborhood
- 6303 - Queensway Terrace South/Ridgeview
- Land Size
- 49.9 x 99.9 FT
- Year Built
- -
- Annual Property Taxes
- $4,513
- Parking Type
- Carport, No Garage
Inside
- Appliances
- Range, Water Heater
- Rooms
- -
- Bedrooms
- 5
- Bathrooms
- 2
- Fireplace
- -
- Fireplace Total
- -
- Basement
- Apartment in basement, N/A
Building
- Architecture Style
- Bungalow
- Direction
- Cross Streets: Baseline/Cobden. ** Directions: Baseline--> Cobden Rd.
- Type of Dwelling
- house
- Roof
- -
- Exterior
- Concrete
- Foundation
- Block
- Flooring
- -
Land
- Sewer
- -
- Lot Size
- 49.9 x 99.9 FT
- Zoning
- -
- Zoning Description
- R1O
Parking
- Features
- Carport, No Garage
- Total Parking
- 4
Utilities
- Cooling
- Central air conditioning
- Heating
- Forced air, Natural gas
- Water
- Municipal water
Feature Highlights
- Community
- -
- Lot Features
- -
- Security
- -
- Pool
- -
- Waterfront
- -
Rooms
Rooms for 1274 Cobden Road, Ottawa, OntarioMap
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