Key Facts
- MLS® #: X11991293
- Property ID: SIRC2727162
- Property Type: Residential, Duplex
- Lot Size: 35,247.77 sq.ft.
- Year Built: 100
- Bedrooms: 5
- Bathrooms: 3
- Additional Rooms: Den
- Parking Spaces: 8
- Listed By:
- EXIT REALTY MATRIX
Property 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!
Rooms
- TypeLevelDimensionsFlooring
- Living roomMain20' 1.7" x 20' 10.7"Other
- Living roomMain10' 1.6" x 19' 2.7"Other
- Dining roomMain8' 5.9" x 13' 7.7"Other
- KitchenMain9' 1.8" x 13' 7.7"Other
- Dining room2nd floor7' 8.9" x 13' 10.9"Other
- Kitchen2nd floor11' 8.9" x 13' 10.9"Other
- Other2nd floor13' 6.9" x 19' 5.8"Other
- Bedroom2nd floor10' 3.6" x 11' 3.8"Other
- Bedroom2nd floor9' 4.9" x 10' 2.8"Other
- Bedroom2nd floor11' 3.8" x 11' 4.6"Other
- BathroomMain4' 11.8" x 11' 7.7"Other
- Bathroom2nd floor5' 11.6" x 7' 11.6"Other
- Family roomMain9' 10.1" x 18' 11.9"Other
Listing Agents
Request More Information
Request More Information
Location
1429 Meadow Dr, Ottawa, Ontario, K4P 1B1 Canada
Around this property
Information about the area within a 5-minute walk of this property.
Request Neighbourhood Information
Learn more about the neighbourhood and amenities around this home
Request NowPayment Calculator
- $
- %$
- %
- Principal and Interest 0
- Property Taxes 0
- Strata / Condo Fees 0