1274 COBDEN ROAD E, Ottawa, Ontario

5 Beds 2 Baths

$649,900

Listing ID: X12984340 Property Type: Single Family

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! (id:25961)

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Details

Architectural Style: Bungalow
Ownership: Freehold
Parking Spaces: 4
Transaction: For sale
Zoning Description: R1O

Building

Appliances: Range, Water Heater, Dryer, Microwave, Two stoves, Washer
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 27th, 2026. Contact Stéphane Chevalier to schedule a viewing or to discover other Ottawa homes for sale.

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