Mirna Botros
613-600-2626150 Meadowlands Drive - $979,900
150 Meadowlands Drive - $979,900
150 Meadowlands Drive
$979,900
7302 - Meadowlands/Crestview
Ottawa, OntarioK2G2S5
8 beds
4 baths
7 parking
MLS#: X12408746Listed: about 6 hours agoUpdated:41 minutes ago
Description
Amazing cash-flowing investment with outstanding future development potential! This spacious bungalow with a legal secondary unit sits on a prime 75ft x 120ft corner lot, currently grossing $6,800/month from two 4-bed, 2-bath with a net income of over $65,000/yr- 6.5%+ CAP RATE! The upper level has been beautifully renovated, featuring 4 generous bedrooms (including one with a 2-piece ensuite), a stylish modern kitchen, a large 5-piece bathroom, in-unit laundry, and bright open living space. The legal lower level unit offers 4 well-sized bedrooms, two stunning 4-piece bathrooms, and a sleek open-concept layout with high-end finishes throughout. Both units are highly desirable and very easy to rent, with excellent tenants already in place. Located within walking distance to Algonquin College, the future LRT, and College Square, with bus service right at your doorstep, this property offers unbeatable accessibility. Beyond the strong cashflow, the newly proposed Minor Corridor 2 (CM2) zoning unlocks incredible development potential permitting a 4-storey building with a footprint of 5,500+sqft. and the opportunity to create over 25,000sqft. of living space. This is a rare chance to secure steady income today while planning for exceptional future returns! (id:58075)Details
Details for 150 Meadowlands Drive, Ottawa, Ontario- Property Type
- Single Family
- Building Type
- House
- Storeys
- 1
- Neighborhood
- 7302 - Meadowlands/Crestview
- Land Size
- 75 x 120 FT
- Year Built
- -
- Annual Property Taxes
- $4,329
- Parking Type
- Attached Garage, Garage
Inside
- Appliances
- Water meter, Dishwasher, Dryer, Microwave, Hood Fan, Two stoves, Two Washers, Two Refrigerators
- Rooms
- 17
- Bedrooms
- 8
- Bathrooms
- 4
- Fireplace
- -
- Fireplace Total
- -
- Basement
- Apartment in basement, N/A
Building
- Architecture Style
- Bungalow
- Direction
- Meadowlands & Sullivan
- Type of Dwelling
- house
- Roof
- -
- Exterior
- Brick
- Foundation
- Block
- Flooring
- -
Land
- Sewer
- Sanitary sewer
- Lot Size
- 75 x 120 FT
- Zoning
- -
- Zoning Description
- -
Parking
- Features
- Attached Garage, Garage
- Total Parking
- 7
Utilities
- Cooling
- Central air conditioning
- Heating
- Forced air, Natural gas
- Water
- Municipal water
Feature Highlights
- Community
- -
- Lot Features
- -
- Security
- -
- Pool
- -
- Waterfront
- -
Rooms
Rooms for 150 Meadowlands Drive, Ottawa, OntarioMap
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