$635,000
1274 Cobden Road E, Parkway Park - Queensway Terrace S and Area, ON K2C 3A2
Parkway Park - Queensway Terrace S and Area
- Bedrooms
- 5
- Bathrooms
- 2
- Parking
- 4
- Type
- Detached
About this listing
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!
Property details
- Days on market
- 28 days
- Basement
- Apartment
Payment calculator
- Mortgage amount
- $508,000
Estimate only - excludes property tax, condo fees, utilities and home insurance. Rates vary by lender and term; based on semi-annual compounding.
Location
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Walkability, transit, and bike-friendliness for 1274 Cobden Road E, Parkway Park - Queensway Terrace S and Area, ON K2C 3A2
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MLS# X12984340
Listed by RIGHT AT HOME REALTY
On market since Apr 10, 2026
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About 1274 Cobden Road E, Parkway Park - Queensway Terrace S and Area, ON K2C 3A2
How much is 1274 Cobden Road E, Parkway Park - Queensway Terrace S and Area, ON K2C 3A2?
1274 Cobden Road E, Parkway Park - Queensway Terrace S and Area, ON K2C 3A2 is listed for $635,000 CAD.
How many bedrooms and bathrooms does 1274 Cobden Road E, Parkway Park - Queensway Terrace S and Area, ON K2C 3A2 have?
1274 Cobden Road E, Parkway Park - Queensway Terrace S and Area, ON K2C 3A2 has 5 bedrooms and 2 bathrooms.
What type of property is 1274 Cobden Road E, Parkway Park - Queensway Terrace S and Area, ON K2C 3A2?
1274 Cobden Road E, Parkway Park - Queensway Terrace S and Area, ON K2C 3A2 is a Detached.
What neighbourhood is 1274 Cobden Road E, Parkway Park - Queensway Terrace S and Area, ON K2C 3A2 in?
1274 Cobden Road E, Parkway Park - Queensway Terrace S and Area, ON K2C 3A2 is in Parkway Park - Queensway Terrace S and Area, Ontario.
Is 1274 Cobden Road E, Parkway Park - Queensway Terrace S and Area, ON K2C 3A2 for sale or for rent?
1274 Cobden Road E, Parkway Park - Queensway Terrace S and Area, ON K2C 3A2 is currently for sale.
How do I book a showing for 1274 Cobden Road E, Parkway Park - Queensway Terrace S and Area, ON K2C 3A2?
Contact Avi Hayev at +16471112222 to arrange a private showing of 1274 Cobden Road E, Parkway Park - Queensway Terrace S and Area, ON K2C 3A2 (MLS# X12984340). You can also send a message through the contact form on this site.