For Sale · Multifamily

1185 COBDEN ROAD, Ottawa

1185 COBDEN ROAD, Ottawa, ON K2C2Z4

$699,000 total

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Asset Class

Multifamily

Size

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Building class

B

Zoning

RA8 — Medium Rise

$ / SF

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Occupancy

97%

About this property

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)

Financial sandbox

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Estimate
Purchase price$699K
Down payment30% · $210K
Interest rate6.25%
Amortization25 years
Occupancy97%
Expense growth2.5%

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.

Area demographics

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.

Secure deal room

Confidential diligence documents for 1185 COBDEN ROAD, Ottawa.

NDA required
  • 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.