$1,399,000
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2428 2430 Iris Street, Ottawa, ON K2C1C6

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10 Beds
4 Baths
- Sq Ft

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. (id:58753)

Listing By: Itai Olej - TRU REALTY
Source: CREA #X13583750 Listing provided courtesy of Canadian Real Estate Association
  • MLS® X13583750
  • Date Listed07/20/2026
  • Days on Realty 71 Days
  • Bedrooms 10
  • Bathrooms 4 baths
  • Lot Size -
  • Sewer Other
  • Property Type Quadruplex
  • Water Public

Interior Features

  • Appliances Oven - Built- In
  • Cooling Central air conditioning
  • Heating Baseboard heaters, Forced air, Electric, Natural gas

Exterior / Lot Features

  • Roof -
  • Lot Size Acres -
  • Lot Size SQFT -
  • Lot Features Carpet Free

Directions

Cross Streets: Woodroffe/Iris. ** Directions: Woodroffe to Iris, turn right on Iris Street.

Sales & Tax History

Source: Public Records

Local Neighborhood Highlights for K2C1C6

Discover key demographics, population statistics, and environmental insights for the Ottawa, ON area.

Walkability in ON / K2C1C6

Source: Walk Score

81/100

Very Walkable

Walk Score ®

64/100

Good Transit

Transit Score ®

88/100

Very Bikeable

Bike Score ®

Overview

Most errands can be accomplished on foot. Many nearby public transportation options. Biking is convenient for most trips.

Transit Summary

51 nearby routes: 51 bus, 0 rail, 0 other

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 61/100, Transit Score: 52/100, Bike Score: 75/100.

Points of Interest near 2428 2430 IRIS STREET, Ottawa, ON K2C1C6

Frequently Asked Questions for 2428 2430 IRIS STREET

Source: Realty.com

2428 2430 IRIS STREET, Ottawa, ON K2C1C6 in Ottawa, ON K2C1C6 is a quadruplex listed at $1,399,000. Highlights include 10 bedrooms, 4 bathrooms. Realty.ca has 49 photos, sales history, school insights, and mortgage tools for this listing.

Realty.com has 49 photos of 2428 2430 IRIS STREET.

The full address for this home is 2428 2430 IRIS STREET, Ottawa, ON K2C1C6.

2428 2430 IRIS STREET has been listed on Realty.com since Mon July 20, 2026

Most errands can be accomplished on foot. Many nearby public transportation options. Biking is convenient for most trips.

The average walkability score in the surrounding area is Walk Score: 61/100, Transit Score: 52/100, Bike Score: 75/100.

This content last refreshed on 2026-09-29 23:44:34. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.