ON > Ottawa > 1601 - Greely
Ottawa, ON K4P1B1,1429 MEADOW DRIVE
Ottawa, ON K4P1B1,1429 MEADOW DRIVE
Ottawa, ON K4P1B1,1429 MEADOW DRIVE
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Ahmad Moharam

Ahmad Moharam

+1(613) 883-7060
$990,000
Est. payment /mo
5 Beds
3 Baths
2,999 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,999 sqft

Price per Sqft $330

Subdivision 1601 - Greely

MLS® Listing ID X11991293

Bedrooms 5

Originating Board Ottawa Real Estate Board

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! (id:24570)

Location

Province ON

Rooms

Kitchen 2.0

Extra Room 1 Second level 2.43 m X 1.82 m Bathroom

Extra Room 2 Second level 4.24 m X 2.36 m Dining room

Extra Room 3 Second level 4.24 m X 3.58 m Kitchen

Extra Room 4 Second level 5.94 m X 3.98 m Primary Bedroom

Extra Room 5 Second level 3.45 m X 3.14 m Bedroom

Extra Room 6 Second level 3.12 m X 2.87 m Bedroom

Interior

Heating Forced air

Cooling Wall unit

Exterior

Parking Features Yes

View Y/N No

Total Parking Spaces 8

Private Pool No

Building

Story 1.5

Sewer Septic System

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Listed by EXIT REALTY MATRIX
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+1(613) 883-7060

ahmad.moharam@exprealty.com

343 PRESTON STREET, 11TH FLOOR, OTTAWA, Ontario, K1S1N4

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1429 MEADOW DRIVE