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1429 MEADOW DRIVE

Ottawa, Ontario K4P1B1

$1,399,000 for sale



MLS®:
1274686
Contract Days:
10
Community:
Greely
Ownership:
Property Type:
VM3 Duplex
Total Size:
184.95 ft X 0 ft (Irregular Lot)
Built Date:
1875
Parking:
10
Bedrooms:
+
Bathrooms:
0
Interior Features

Construction Style:
Total Stories:
2
Total Bedrooms:
Bedrooms Above Ground:
Bedrooms Below Ground:
Total Bathrooms:
0
Whole Bathrooms:
0
Half Bathrooms:
0
Basement Type:
Crawl space (Not Applicable)
Basement Development:
Not Applicable
Appliances:
Exterior Features

Built Date:
1875
Exterior Finish:
Brick, Siding
Foundation Type:
Utitilies

Heating Type:
Baseboard heaters, Heat Pump
Heating Fuel:
Natural gas
Cooling Type:
Central air conditioning
Utility Water:
Drilled Well
Sewer:
Septic System
Total Fireplaces:
Type
Level
Size

Note

Great low-maintenance investment opportunity! Beautifully renovated multifaceted income property that provides multiple avenues for income generation. This fully tenanted property features 2 residential units, a garage rental and quonset that sit on a huge 1.1 acre parcel of land in the beautiful town of Greely. The main house features a 4bd unit (A) grossing $2345 and a 1 bedroom unit (B) grossing $1640. Additional sources of income include the insulated 3 bay garage at $1130 and a commercial-grade insulated Quonset rented at $1921. Producing a cap rate of just over 4%. VM-3 zoning allows for even more potential with a plethora of permitted uses. Conveniently located close to amenities, schools and parks.The perfect property to broaden your investment portfolio. (id:19004)

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