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$ 965,000
Est. payment /mo
New
1429 Meadow DR Greely - Metcalfe - Osgoode - Vernon And Area, ON K4P 1B1
5 Beds
3 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3000-3500
Subdivision 1601 - Greely
MLS Listing ID X12465415
Style 1 1/2 Storey
Bedrooms 5
Annual Tax Amount $4,651
Tax Year 2024
Property Sub-Type Duplex
Appx SqFt 3000-3500
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 $2,850/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 7.55%%, this property is both a stable and high- potential addition to any investment portfolio. Cash flow of about $1,802/mth. 1.42 DSCR. ROI over 17.63%. 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!
Location
Province ON
County Ottawa
Community 1601 - Greely
Area Ottawa
Rooms
Family Room Yes
Basement Crawl Space
Kitchen 2
Interior
Interior Features Storage, Water Purifier
Cooling Wall Unit(s)
Fireplace No
Heat Source Gas
Exterior
Garage Spaces 2.0
Pool None
Roof Type Asphalt Shingle
Lot Frontage 184.95
Lot Depth 190.58
Total Parking Spaces 8
Building
Building Age 100+
Foundation Concrete, Stone
Others
ParcelsYN No
Listed by EXIT REALTY MATRIX
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