1274 COBDEN ROAD E, Ottawa, Ontario, K2C3A2
MLS: X12984340 | House (Freehold)
$649,900
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! (id:64974)
Quick Facts
- Property Type: House (Freehold)
- Style: Bungalow
- Bedrooms: 5 (3 above, 2 below)
- Bathrooms: 2
- Ownership: Freehold
- Attached: No
- Parking: 4.0 spaces (Carport, No Garage)
- Frontage: 49 ft (15 m)
Costs
- Annual Taxes: $4,513.32
Listing Provided by: RIGHT AT HOME REALTY
Board: Ottawa Real Estate Board
Data provided via CREA DDF®.
Detailed Features
Interior & Systems
- Heating: Forced air, Natural gas
- Cooling: Central air conditioning
- Basement: Apartment in basement, N/A
- Appliances: Range, Water Heater
- Utilities: Sewer, Electricity, Cable
Exterior & Construction
- Style: Bungalow
- Exterior: Concrete
- Foundation: Block
- Water: Municipal water
Lot & Land
- Frontage: 49 ft (15 m)
- Zoning: R1O
Community & Neighbourhood
- Neighbourhood: 6303 - Queensway Terrace South/Ridgeview
Listing Information
Listing History
MLS listing activity for 1274 COBDEN ROAD E, Ottawa, Ontario, K2C3A2 — dates reflect when changes were recorded in the DDF
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Mortgage & Cost Calculators
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1274 COBDEN ROAD E, Ottawa, Ontario, K2C3A2