2364 Cheshire Rd, Ottawa, K2C 1G3

Home Overview

Description

Turnkey investment opportunity in Parkway Park! This legal 2-unit bungalow with coach house potential offers strong income today with even greater upside tomorrow. The property features two fully self-contained 3-bedroom units, each with 1 full bathroom and open-concept kitchen and dining areas. Both levels are bright and inviting, with large windows and functional layouts that appeal to quality tenants. Ideal for dual rental income, multi-generational living, or owner-occupy with supplemental income. Extensively updated for peace of mind, including all newer windows, roof, furnace, two owned hot water tanks, and upgraded 200-amp electrical service with two separate panels-a rare and valuable feature for multi-unit properties. Situated on a generous 50 x 126 ft lot, this property presents excellent redevelopment potential, including the possibility of adding a future coach house (buyer to verify zoning and approvals)-creating a potential 3-unit income property. Located in a high-demand rental area, just steps to College Square and Algonquin College, and minutes to Queensway Carleton Hospital. Enjoy quick access to Highway 417, a short commute to downtown Ottawa, and easy connectivity to Kanata and Barrhaven - making this an ideal location for tenants and long-term appreciation. Strong fundamentals, major capital upgrades, and significant upside-a rare opportunity to secure a cash-flowing asset with future development potential in one of Ottawa's most convenient neighbourhoods.

1 day

On Market

Detached

Property Type

$4,688 / Year

Est. Taxes

Bungalow

Style

None

Garage

Apartment

Basement