For sale
Duplex

1429 Meadow Drive

$990,000
Ottawa, Ontario, K4P 1B1

Overview

  • Updated On:
  • March 31 2025
  • MLS® Number
  • X11991293
  • 5 Bedrooms
  • 3 Bathrooms

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:57887)

Price:
Price Info:
Property Type: Multi-family
Building Type: Duplex
Storeys: 2
Neighbourhood: Osgoode
Parking Type: Detached Garage, Garage
Appliances
Water purifier
Dishwasher
Dryer
Hood Fan
Stove
Cooling & Heating
Natural gas
Forced air
Wall unit
ExteriorFinish
Vinyl siding
$ 5,075.93
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 3,838.43
Bedroom
BedroomsAboveGround: 5
BedroomsTotal: 5
Bathroom
BathroomTotal: 3
Basement
BasementType: Crawl space
Size
SizeInterior: 2999.975 - 3499.9705 sqft
Construction
Age: 100+ years
FoundationType: Concrete, Stone
Utility
UtilityWater: Drilled Well
Acreage: No
Sewer: Septic System
SizeDepth: 190 Ft ,7 In
SizeFrontage: 185 Ft
SizeIrregular: 185 X 190.6 Ft ; Irregular
SizeTotalText: 185 X 190.6 Ft ; Irregular
ZoningDescription: Vm3 - Village Mixed-use Subzone 3
Second level
Type Dimensions
Bathroom 2.43 m x 1.82 m
Dining Room 4.24 m x 2.36 m
Kitchen 4.24 m x 3.58 m
Primary Bedroom 5.94 m x 3.98 m
Bedroom 3.45 m x 3.14 m
Bedroom 3.12 m x 2.87 m
Bedroom 3.47 m x 3.45 m
Main level
Type Dimensions
Living Room 6.37 m x 6.14 m
Bathroom 3.55 m x 1.52 m
Family Room 5.79 m x 3 m
Living Room 5.86 m x 3.09 m
Dining Room 4.16 m x 2.59 m
Kitchen 4.16 m x 2.79 m
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