Call us

(613) 804-9999

Free estimation

Click here

1429 MEADOW DRIVE

Ottawa, Ontario K4P1B1

$990,000 for sale



MLS®:
X11991294
Contract Days:
59
Community:
Ownership:
Property Type:
VM3 - Village Mixed-Use Subzone 3
Total Size:
Bldg=184.95 x 190.58 Acre ; Irregular
Built Date:
Parking:
8
Bedrooms:
+
Bathrooms:
3
Interior Features

Construction Style:
Total Stories:
Total Bedrooms:
Bedrooms Above Ground:
Bedrooms Below Ground:
Total Bathrooms:
3
Whole Bathrooms:
3
Half Bathrooms:
Basement Type:
Basement Development:
Appliances:
Dishwasher, Dryer, Hood Fan, Stove
Exterior Features

Built Date:
Exterior Finish:
Foundation Type:
Utitilies

Heating Type:
Other
Heating Fuel:
Natural gas
Cooling Type:
Fully air conditioned
Utility Water:
Sewer:
Septic System
Total Fireplaces:
Type
Level
Size

Note

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, 200 amp panel, 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:19004)

Disclaimer



This REALTOR.ca listing content is owned and licensed by REALTOR® members of The Canadian Real Estate Association.