1429 Meadow Dr

For Sale 193 Days
$990,000
5 beds
3 baths

1429 Meadow Dr

For Sale 193 Days
$990,000
5 beds
3 baths

Highlights

Key insights

Description

Incredible Investment Opportunity! This beautifully renovated, fully tenanted income property offers multiple revenue streams on a sprawling 1.09-acre lot in the heart of Greely. Boasting VM-3 zoning, this versatile property provides endless potential for investors. The main house features two beautifully updated residential units: Unit A: A spacious 4-bedroom, 1.5-bath unit with soaring 10-ft ceilings in the living room, generating $2,375/month. Unit B: A cozy 1-bedroom, 1-bath unit, bringing in $1,691/month. Additional income sources include: Insulated 2-bay garage: Renting for $1,130/month + utilities. Commercial-grade, fully insulated Quonset hut: Featuring 1,800 sq. ft. of warehouse space with two man doors and two garage doors, leased at $2,090.50/month + utilities. Cap Rate of 6.19%%, this property is both a stable and high-potential addition to any investment portfolio. The huge fenced lot, bordered by a creek, offers beautiful landscaping, ornamental trees, perennial gardens, and plenty of space for vegetable gardens, play structures, or pets. Located just 16 minutes from the Ottawa International Airport and 7 minutes from Findlay Creeks shopping district, this property is conveniently close to schools, parks, the library, grocery stores, and the post office. Steeped in history, the "Old Post" has served as a post office, country store, and village center for over a century. Whether you're looking to expand your investment portfolio or explore new business opportunities, this rare find is not to be missed! Village Mixed-Use (VM3) zoning allows for residential and non-residential uses including: community centre, day care, food production, municipal service centre, personal service business, restaurant and retail store. Call today for more details or to book a viewing! (id:63267)

Roch St-Georges of EXIT REALTY MATRIX,
#X11991293
updated 3 days ago.
Houseful checked MLS® for data 3 days ago.

Home overview

Amenities / Utilities
  • Cooling
    Wall unit
  • Heat source
    Natural gas
  • Heat type
    Forced air
  • Sewer/ septic
    Septic system
Exterior
  • # total stories
    2
  • # parking spaces
    8
  • Has garage (y/n)
    Yes
Interior
  • # full baths
    3
  • # total bathrooms
    3.0
  • # of above grade bedrooms
    5
Location
  • Subdivision
    1601 - greely
Overview
  • Lot size (acres)
    0.0
  • Listing #
    X11991293
  • Property sub type
    Multi-family
  • Status
    Active
Rooms Information metric
  • Bedroom
    3.12m X 2.87m
    Level: 2nd
  • Bedroom
    3.45m X 3.14m
    Level: 2nd
  • Dining room
    4.24m X 2.36m
    Level: 2nd
  • Bathroom
    2.43m X 1.82m
    Level: 2nd
  • Bedroom
    3.47m X 3.45m
    Level: 2nd
  • Primary bedroom
    5.94m X 3.98m
    Level: 2nd
  • Kitchen
    4.24m X 3.58m
    Level: 2nd
  • Living room
    5.86m X 3.09m
    Level: Main
  • Kitchen
    4.16m X 2.79m
    Level: Main
  • Dining room
    4.16m X 2.59m
    Level: Main
  • Family room
    5.79m X 3m
    Level: Main
  • Bathroom
    3.55m X 1.52m
    Level: Main
  • Living room
    6.37m X 6.14m
    Level: Main
SOA_HOUSEKEEPING_ATTRS
  • Listing source url
    Https://www.realtor.ca/real-estate/27958980/1429-meadow-drive-ottawa-1601-greely
  • Listing type identifier
    Idx

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The Home Overview listing data and Property Description above are provided by the Canadian Real Estate Association (CREA). All other information is provided by Houseful and its affiliates.
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$-2,640

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