2428-2430 Iris, Ottawa
Ontario, K2C1C6

Type Residential
Fourplex Style
12 Beds
4 Baths
2106+2052 Sq. Ft.

Property Description

Fully legal fourplex in Parkway Park! Rare chance to own a turn-key 4-unit property in a prime location near Algonquin College, College Square, IKEA, transit, and the new LRT. Two side-by-side bungalows, each with a main-floor unit and legal basement apartment, built with permits, soundproofing, separate meters, and independent heating. Updates include new appliances, furnaces, refinished hardwood, fresh paint, and a 2017 roof. Each spacious 3-bed unit has a full bath and side entrance. Gross income tops $103K with rent increases coming. Tenants pay heat/hydro; landlord pays water. Strong upside, well-vetted tenants, and virtually no vacancy make this an ideal opportunity for investors or owner-occupiers.