Mirna Botros
613-600-26261429 Meadow Drive - $990,000
1429 Meadow Drive - $990,000
1429 Meadow Drive
$990,000
1601 - Greely
Ottawa, OntarioK4P1B1
5 beds
3 baths
8 parking
MLS#: X11991293Listed: 6 months agoUpdated:20 days ago
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:58075)Details
Details for 1429 Meadow Drive, Ottawa, Ontario- Property Type
- Multi Family
- Building Type
- Duplex
- Storeys
- 1.5
- Neighborhood
- 1601 - Greely
- Land Size
- 185 x 190.6 FT ; Irregular
- Year Built
- -
- Annual Property Taxes
- $4,652
- Parking Type
- Detached Garage, Garage
Inside
- Appliances
- Washer, Water purifier, Dishwasher, Stove, Dryer, Hood Fan
- Rooms
- 13
- Bedrooms
- 5
- Bathrooms
- 3
- Fireplace
- -
- Fireplace Total
- -
- Basement
- Crawl space
Building
- Architecture Style
- -
- Direction
- Bank Street and Parkway Road
- Type of Dwelling
- duplex
- Roof
- -
- Exterior
- Vinyl siding
- Foundation
- Stone, Concrete
- Flooring
- -
Land
- Sewer
- Septic System
- Lot Size
- 185 x 190.6 FT ; Irregular
- Zoning
- -
- Zoning Description
- VM3 - Village Mixed-Use Subzone 3
Parking
- Features
- Detached Garage, Garage
- Total Parking
- 8
Utilities
- Cooling
- Wall unit
- Heating
- Forced air, Natural gas
- Water
- Drilled Well
Feature Highlights
- Community
- -
- Lot Features
- Irregular lot size
- Security
- -
- Pool
- -
- Waterfront
- -
Rooms
Rooms for 1429 Meadow Drive, Ottawa, OntarioMap
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