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:25961)
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Rooms
| Level | Type | Dimensions |
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Details
- Architectural Style: Bungalow
- Ownership: Freehold
- Parking Spaces: 4
- Transaction: For sale
- Zoning Description: R1O
Building
- Appliances: Range, Water Heater
- Architectural Style: Bungalow
- BasementType: N/A
- Basement Features: Apartment in basement
- Bedrooms Main Level: 3
- Bedrooms Lower Level: 2
- Construction Style Attachment: Detached
- Cooling: Central air conditioning
- Exterior Finish: Concrete
- Fireplace Present: False
- Foundation: Block
- Bathrooms (Total): 2
- Heating: Forced air
- Heating Fuel: Natural gas
- Size Interior: 700 - 1100 sqft
- Stories Total: 1
- Type: House
- Utility Water: Municipal water
Land
- Size Frontage: 49 ft ,10 in
- Size Irregular: 49.9 x 99.9 FT
Listing provided by RIGHT AT HOME REALTY
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 1274 COBDEN ROAD E in Ottawa Ontario. It was last modified on April 10th, 2026. Contact Biju George to schedule a viewing or to discover other Ottawa homes for sale.