$990,000
Available - For Sale
Listing ID: X11991293
1429 Meadow Driv , Greely - Metcalfe - Osgoode - Vernon and, K4P 1B1, Ottawa
| 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! |
| Price | $990,000 |
| Taxes: | $4651.71 |
| Occupancy: | Tenant |
| Address: | 1429 Meadow Driv , Greely - Metcalfe - Osgoode - Vernon and, K4P 1B1, Ottawa |
| Directions/Cross Streets: | Bank Street and Parkway Road |
| Rooms: | 13 |
| Bedrooms: | 5 |
| Bedrooms +: | 0 |
| Family Room: | T |
| Basement: | Crawl Space |
| Level/Floor | Room | Length(ft) | Width(ft) | Descriptions | |
| Room 1 | Main | Living Ro | 20.89 | 20.14 | |
| Room 2 | Main | Living Ro | 19.22 | 10.14 | |
| Room 3 | Main | Dining Ro | 13.64 | 8.5 | |
| Room 4 | Main | Kitchen | 13.64 | 9.15 | |
| Room 5 | Second | Dining Ro | 13.91 | 7.74 | |
| Room 6 | Second | Kitchen | 13.91 | 11.74 | |
| Room 7 | Second | Primary B | 19.48 | 13.05 | |
| Room 8 | Second | Bedroom | 11.32 | 10.3 | |
| Room 9 | Second | Bedroom | 10.23 | 9.41 | |
| Room 10 | Second | Bedroom | 11.38 | 11.32 | |
| Room 11 | Main | Bathroom | 11.64 | 4.99 | 3 Pc Bath |
| Room 12 | Second | Bathroom | 7.97 | 5.97 | 3 Pc Bath |
| Room 13 | Main | Family Ro | 18.99 | 9.84 |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 5 | |
| Washroom Type 2 | 3 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 5 | |
| Washroom Type 7 | 3 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 | |
| Washroom Type 11 | 5 | |
| Washroom Type 12 | 3 | |
| Washroom Type 13 | 0 | |
| Washroom Type 14 | 0 | |
| Washroom Type 15 | 0 | |
| Washroom Type 16 | 5 | |
| Washroom Type 17 | 3 | |
| Washroom Type 18 | 0 | |
| Washroom Type 19 | 0 | |
| Washroom Type 20 | 0 | |
| Washroom Type 21 | 5 | |
| Washroom Type 22 | 3 | |
| Washroom Type 23 | 0 | |
| Washroom Type 24 | 0 | |
| Washroom Type 25 | 0 |
| Total Area: | 0.00 |
| Approximatly Age: | 100+ |
| Property Type: | Duplex |
| Style: | 1 1/2 Storey |
| Exterior: | Vinyl Siding |
| Garage Type: | Detached |
| Drive Parking Spaces: | 6 |
| Pool: | None |
| Other Structures: | Drive Shed, Ad |
| Approximatly Age: | 100+ |
| Approximatly Square Footage: | 3000-3500 |
| CAC Included: | N |
| Water Included: | N |
| Cabel TV Included: | N |
| Common Elements Included: | N |
| Heat Included: | N |
| Parking Included: | N |
| Condo Tax Included: | N |
| Building Insurance Included: | N |
| Fireplace/Stove: | N |
| Heat Type: | Forced Air |
| Central Air Conditioning: | Wall Unit(s |
| Central Vac: | N |
| Laundry Level: | Syste |
| Ensuite Laundry: | F |
| Sewers: | Septic |
| Water: | Drilled W |
| Water Supply Types: | Drilled Well |
| Utilities-Cable: | Y |
| Utilities-Hydro: | Y |
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At a Glance:
| Type: | Freehold - Duplex |
| Area: | Ottawa |
| Municipality: | Greely - Metcalfe - Osgoode - Vernon and |
| Neighbourhood: | 1601 - Greely |
| Style: | 1 1/2 Storey |
| Approximate Age: | 100+ |
| Tax: | $4,651.71 |
| Beds: | 5 |
| Baths: | 3 |
| Fireplace: | N |
| Pool: | None |
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