2428-2430 Iris Street

ActiveParkway Park - Queensway Terrace S and Area · 6304 - Parkway Park17 days on marketMLS® X13583750

$1,399,900

$700 / sq ft

Bedrooms10

Bathrooms4

Interior2,000 sq ft

Lot Size7,040 sq ft

TypeMulti-Family

ListingFor Sale

Days on Market17

About this property

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,t ransit, 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. Both basement units are completely renovated (2018) upper 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 Each offers 2 bedrooms and a Den/ media (sometimes used as another bedroom), 1 full bathroom, a separate side entrance, and is extremely spacious with plenty of potential. Gross annual income exceeds $103,000, 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, Rooms History including detailed expenses and net income, is available upon request. Don't miss this high-demand, high ROI opportunity in one of Ottawa's most sought-after areas for rental properties.

Features & finishes

View

Air Conditioning

Basement

Property details

MLS® Number	X13583750
Status	Active
Listing Type	For Sale
Property Type	Multi-Family
Interior Size	2,000 sq ft
Lot Size	7,040 sq ft
Beds / Baths	10 bed · 4 bath
Neighbourhood	6304 - Parkway Park
City	Parkway Park - Queensway Terrace S and Area
Postal Code	K2C 1C6
Province	ON
Listed Date	July 20, 2026
Days on Market	17
Price per Sq Ft	$700
Brokerage	TRU REALTY