2408 Drury Lane

6304 - Parkway Park, Parkway Park - Queensway Terrace S and Area, K2C 1G5

$869,900

3+3 bedrooms
2 bathrooms
6 parking
1100-1500 sq ft

Listed 3 days ago · MLS® X14090802

Open house

Sunday, October 25 at 2:00 p.m. to 4:00 p.m. Add to calendar

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About this home

RARE INVESTMENT OPPORTUNITY! TWO-UNIT, 3+3 BEDROOM DETACHED BUNGALOW WITH A LEGAL SECONDARY DWELLING UNIT (SDU) IN THE HIGHLY DESIRABLE PARKWAY PARK NEIGHBOURHOOD! This versatile property is ideal for investors, multi-generational families, or homeowners looking to offset their mortgage with rental income. BOTH UNITS ARE VACANT AND MOVE-IN READY, allowing you to select your own tenants and maximize rental potential from day one. The property includes 12 appliances: 2 refrigerators, 2 stoves, 2 dishwashers, 2 microwave range hoods, 2 washers, and 2 dryers. The bright main-floor unit features a welcoming living area, kitchen, dining area, separate laundry, 3 spacious bedrooms, and a full bathroom. The fully finished LEGAL lower-level unit features a private entrance, large windows, an open-concept kitchen and living area, 3 bedrooms, a full bathroom, separate laundry, new flooring, fresh paint, and brand-new washer, dishwasher, stove, and refrigerator (2026). Separate hydro meters for added convenience. Situated on a generous 53 x 100 ft lot with a long driveway, this property is ideally located minutes from Algonquin College, Queensway Carleton Hospital, Baseline Road, public transit, Highway 417, shopping, parks, schools, and the future Iris LRT Station, with easy access to Downtown Ottawa, Kanata, and Barrhaven. Projected rental income of approximately $4,500/month! An excellent opportunity to own a versatile, income-generating property in a convenient central Ottawa location. Recent updates include fresh paint throughout (2026), a BRAND-NEW deck, furnace, and hot water tank (2026).

Details

Type: Detached
Style: Bungalow
Size: 1100-1500 sq ft
Lot: 53 × 100 ft
Basement: Full, Finished
Garage: None
Kitchens: 2
Property tax: $5,470 (2026)
Neighbourhood: 6304 - Parkway Park
Municipality: Parkway Park - Queensway Terrace S and Area
Price per sq ft: $669 (7% above detached houses in Parkway Park - Queensway Terrace S and Area, $627)

Interior

Bedrooms: 3 above ground + 3 below
Bathrooms: 1 × 4-piece, 1 × 4-piece
Rooms: 12 above ground
Family room or den: No
Fireplace: Wood
Features: Carpet Free, Water Heater

Heating, cooling and services

Heating: Forced Air, Gas
Air conditioning: Central Air
Water and sewer: Sewer

Building and exterior

Style: Bungalow
Exterior: Brick
Roof: Asphalt Shingle
Foundation: Concrete
Faces: South

Parking

Total parking: 6

Lot

Size: 53 × 100 ft

Possession: Flexible
Nearby: Public Transit, Park
Cross street: From Iris, South on Parkway Dr, Right on Drury

Rooms

Room	Level	Size	Features
Living Room	Main	4.03 × 3.65 m (13'3" × 12')
Kitchen	Main	6.45 × 2.81 m (21'2" × 9'3")
Bedroom	Main	3.5 × 3.09 m (11'6" × 10'2")
Bathroom	Main		4 Pc Bath
Bedroom	Main	3.17 × 3.17 m (10'5" × 10'5")
Bedroom	Main	3.14 × 2.74 m (10'4" × 9')
Living Room	Lower	8.17 × 3.55 m (26'10" × 11'8")
Kitchen	Lower	3.27 × 3.25 m (10'9" × 10'8")
Bedroom	Lower	3.45 × 3.5 m (11'4" × 11'6")
Bedroom	Lower	3.07 × 3.04 m (10'1" × 10')
Bedroom	Lower	3.04 × 2.89 m (10' × 9'6")
Bathroom	Lower

History of this address

3 earlier listings at this address, with sold and leased prices. Create a free account or sign in to see them.

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

See what similar homes within 1 km sold for in the last year. Create a free account or sign in to see them.

The neighbourhood

Getting around Walkable

🚇 Iris LRT7 min walk
🚇 Queensview LRT12 min walk

Within a 10-minute walk: no grocery stores, 8 cafés and restaurants, 7 parks, 1 pharmacy. Nearest park: Pinecrest Recreation Complex and Park (350 m).

Schools nearby

Elementary

Bishop Hamilton Christian Montessori School (West) Private5 min walk
Terre-des-Jeunes Catholic Elementary School Catholic
EQAO: Gr 6 reading 94%, math 76%6 min walk
Joan Of Arc Academy Private8 min walk
Our Lady Of Victory School Catholic
EQAO: Gr 6 reading 80%, math 55%9 min walk

Secondary

Sir Guy Carleton Secondary School
EQAO: Gr 9 math 22%, literacy test 42%12 min walk
Woodroffe High School
EQAO: Gr 9 math 43%, literacy test 81%1.2 km

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area K2C

Owners / renters: 55% / 45%
Median household income: $86,000
Average age: 42
Children under 15: 13%
Homes: 41% detached, 29% high-rise
Commute by transit: 16%
Population: 29,359

Languages spoken most at home besides English: Arabic 1.9%, Mandarin 1.8%, Yue (Cantonese) 1.2%, Italian 1%.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario).

Living here

Commute

To downtown Ottawa: 10 km. Transit times · Driving times

Coming transit

🚧 Iris O-Train450 m · opening 2026
🚧 Queensview O-Train800 m · opening 2026
🚧 Algonquin O-Train1.1 km · opening 2026

Stations under construction or approved. Opening dates are the latest public estimates and often move.

Noise Nothing major nearby

No highway within 500 m, rail line within 300 m, or airport flight path nearby.

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Short-term rentals

Only in your principal residence (whole home or part of it), with a City host permit. Rural cottage rentals have a separate permit.

City rules

Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by ROYAL LEPAGE INTEGRITY REALTY.

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

Estimated monthly cost

Mortgage: $3,809
Property tax: $456
Total: $4,265

$173,980 down, 25-year amortization at 4.39%.

Cash needed to buy

Down payment: $173,980
Land transfer tax: $13,873
Legal and other costs: ~$2,500
Total: $190,353

First-time buyers can get up to $8,475 of land transfer tax back. All closing costs

Adjust the numbers

Rental potential

$2,800/month

Typical asking rent for 3 bedroom homes like this within 2 km (5 for rent now; most $2,600–$2,950).

As a rental, with 20% down

Rent: $2,800
Mortgage: −$3,809
Property tax: −$456
Insurance, repairs, vacancy: −$372
Cash flow: −$1,837/month

Cap rate 2.7% · gross yield 3.9%. Rentals need 20% down. Rough figures before income tax; ask us for a full analysis.

Rent control: Depends on when the unit was first lived in: before Nov. 15, 2018 it’s covered by Ontario’s yearly limit (2.1% in 2026); after, there’s no cap.

See rentals nearby