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$699,000 total
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Asset Class
Multifamily
Size
—
Building class
B
Zoning
RA8 — Medium Rise
$ / SF
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Occupancy
97%
Live in one unit and rent the other, or rent out both! Welcome to 1185 Cobden Road, a Campeau-built brick bungalow set on a 100 x 50 ft lot backing onto Pinecrest Park. This home offers a fully legal secondary dwelling unit with separate entrances, separate hydro meters, and in-unit laundry in both units. The main-level unit features hardwood floors, three bedrooms, a full bathroom, and a large kitchen that opens to the living and dining areas, where a gas fireplace makes it easy to settle in on cold Ottawa evenings. A patio door leads out to the deck and backyard, offering the perfect spot to relax and enjoy warm summer days. Downstairs, the professionally built legal secondary dwelling unit offers three additional bedrooms, its own bathroom, a large modern kitchen with stainless steel appliances, an open living area, and a second fireplace. Outside, a fence creates a dedicated yard for each unit, and the two-door shed is partitioned so both units get their own storage. The extra-wide driveway accommodates 6 to 8 vehicles. Backing onto Pinecrest Park, the property offers convenient access to the park from the backyard, with the potential to add a gate to the existing fence. Just steps from the Pinecrest Recreation Complex and close to the IKEA plaza, College Square, Algonquin College, Big Rig, Bridgehead, the 417, and the upcoming Iris LRT station, this location keeps everything you need within easy reach. With both units vacant, possession is flexible, and N3C zoning adds future multiplex redevelopment potential. This is a home that gives you options today and room to grow tomorrow! (id:66811)
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$3K
Projected NOI
$25K
Annual cash flow
$-14K
Cash-on-cash
-6.73%
DSCR
0.64
Going-in cap
3.52%
Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.
Trade area within 3 miles of the property.
Population
50,171
Households
18,661
Median income
$88,500
Median age
42.1
Daytime population
65,294
5-yr growth
3.9%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 1185 COBDEN ROAD, Ottawa.
Offering Memorandum
PDF · 4.2 MB
Rent Roll & T-12
XLSX · 820 KB
Environmental Phase I
PDF · 6.7 MB
Site Survey & Plans
PDF · 11.4 MB
Zoning Confirmation Letter
PDF · 310 KB
Preview experience — the electronic NDA is illustrative and is not a binding agreement.