1274 Cobden Road E, Ottawa, ON, K2C 3A2

Property Details: - Type: Detached - Bedrooms: 3 - Bathrooms: 2 - MLS#: X12984340 Listed By: RIGHT AT HOME REALTY

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 Washer/Dryer -( duct free Unit 1) + 1 washer1 dryer (Unit 2), 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! This detached home located at 1274 Cobden Road E, Ottawa is currently for sale and has been available on Zolo.ca for 27 days. This property is listed at $635,000 with an estimated mortgage of $2,337* per month. It has 3 beds, 2 bathrooms, and is 700-1100 square feet. 1274 Cobden Road E, Ottawa is in the Queensway Terrace South/Ridgeview neighborhood Ottawa.