1274 Cobden Road E, Parkway Park - Queensway Terrace S and Area, ON K2C 3A2
Parkway Park - Queensway Terrace S and Area
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!
Walkability, transit, and bike-friendliness for 1274 Cobden Road E, Parkway Park - Queensway Terrace S and Area, ON K2C 3A2
Provided by Walk Score®. Walk Score, Transit Score, and Bike Score are trademarks of Walk Score.
MLS# X12984340
Listed by RIGHT AT HOME REALTY
Listed Apr 10, 2026
Sold Jul 3, 2026
What comparable homes actually sold for in the last 12 months.
1274 Cobden Road E, Parkway Park - Queensway Terrace S and Area, ON K2C 3A2 is listed for $635,000 CAD.
1274 Cobden Road E, Parkway Park - Queensway Terrace S and Area, ON K2C 3A2 has 5 bedrooms and 2 bathrooms.
1274 Cobden Road E, Parkway Park - Queensway Terrace S and Area, ON K2C 3A2 is a Detached.
1274 Cobden Road E, Parkway Park - Queensway Terrace S and Area, ON K2C 3A2 is in Parkway Park - Queensway Terrace S and Area, Ontario.
1274 Cobden Road E, Parkway Park - Queensway Terrace S and Area, ON K2C 3A2 is currently for sale.
Contact Michael Mezheritsky at +1 (416) 716-4439 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.
