1429 MEADOW DRIVE, Ottawa, Ontario, CA

Address: 1429 MEADOW DRIVE, Ottawa, Ontario

0 Beds3 Baths47792 sqftStatus: Buy
Price $990,000

Property Overview


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:51532)

 

Tags




Property Summary
Property Type
Retail
Square Footage
47792 sqft
Community Name
1601 - Greely
Land Size
Bldg=184.95 x 190.58 Acre ; Irregular
Building
Interior Features
Appliances Included
Dishwasher, Dryer, Hood Fan, Stove, Washer
Building Features
Features
Irregular lot size
Square Footage
47792 sqft
Heating & Cooling
Cooling
Fully air conditioned
Heating Type
Other
Utilities
Utility Sewer
Septic System
Water
Drilled Well
Parking
Total Parking Spaces
8
Land
Other Property Information
Zoning Description
VM3 - Village Mixed-Use Subzone 3
Features
           Irregular lot size            Dishwasher            Dryer
           Hood Fan            Stove            Washer
           Fully air conditioned
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Your Home Finance Calculation

Property Price CA $990,000
Bank Loan Amount CA $0
Monthly Installment CA $0

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