$949,000

Duplex

1429 Meadow Drive, Ottawa, ON

156 DAYS
5
3
2
3000-3500
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Listed by EXIT REALTY MATRIX

Property Highlights

Status

Sold Cond.

Garage

2 spaces

Property Tax

$4,652/yr

Age

100+ yrs

Lot Size

35,248 sqft

Style

1 1/2 Storey

Basement

Crawl Space

Monthly Cost

$4,395/mo

About This Home

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 $2,850/month. Unit B: A cozy 1-bedroom, 1-bath unit, bringing in $1,800/month. Additional income sources include: Insulated 2-bay garage: Renting for $1,431/month. 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 $2,375/month + propane. Cap Rate of 7.68%%, this property is both a stable and high- potential addition to any investment portfolio. Cash flow of about $2,040/mth. 1.51 DSCR. ROI over 19.55%. 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!

Monthly Cost

Monthly Mortgage$4,007
Property Tax ($4,652/yr)$388
Total$4,395

Price & Listing History

Schools

Location

Tap to view full map

Rooms

Main Level

Family Room: 5.79m × 3.00m
Living Room: 5.86m × 3.09m
Living Room: 6.37m × 6.14m
Kitchen: 4.16m × 2.79m
Dining Room: 4.16m × 2.59m
Bathroom: 3.55m × 1.52m

Second Level

Bedroom: 3.12m × 2.87m
Bathroom: 2.43m × 1.82m
Kitchen: 4.24m × 3.58m
Primary Bedroom: 5.94m × 3.98m
Bedroom: 3.47m × 3.45m
Dining Room: 4.24m × 2.36m
Bedroom: 3.45m × 3.14m

Listing Presented By

iryna.tarabanovska@cirealty.com
CiRealty, Brokerage

CiRealty, Brokerage