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2428-2430 Iris Street in Ottawa for sale

Asking price
$1,399,000
Estimate (Jul 20)
$1,334,552
MLS #:
X13583750
Type:
Fourplex, 1 Storey/Apt
Approx. SQFT:
2000-2500
Basement:
Apartment, Full
6+4 6+4
51.77 x 88.04 ft lot
PROPERTY HISTORY
SIGN IN REQUIRED
List Date List Price Last Status Sold Date Sold Price Days On Market
0000-00-00 $00000 Exp N/A N/A N/A
0000-00-00 $00000 Exp N/A N/A N/A
0000-00-00 $00000 Exp N/A N/A N/A
0000-00-00 $00000 Sld Dec 23, 2017 $654,000
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.

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  • Date Listed: Monday, July 20, 2026
  • Listing Brokerage: Tru Realty - Disclaimer: The information contained in this listing has not been verified by Tru Realty and should be verified by the buyer.
  • City: Ottawa

    More 6 bedrooms homes for sale in Ottawa

  • Neighbourhood: Parkway Park
  • Major Intersection: Woodroffe/Iris
  • Full Address: 2428-2430 Iris Street, Ottawa, K2C 1C6, Canada, ON, Canada
  • Amenities:
  • Taxes: $7,559.00 (2025)

WHAT'S YOUR HOME WORTH?

Click here to get an instant estimate and track its value over time.