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1429 Meadow Drive Ottawa, Ontario K4P 1B1

Central Air Conditioning Baseboard Heaters, Heat Pump

$1,399,000

Great low-maintenance investment opportunity! Beautifully renovated multi-faceted income property that provides multiple avenues for income generation. This fully tenanted property features 2 residential units, a garage rental and quonset that sit on a huge 1.1 acre parcel of land in the beautiful town of Greely. The main house features a 4bd unit (A) grossing $2345 and a 1 bedroom unit (B) grossing $1640. Additional sources of income include the insulated 3 bay garage at $1130 and a commercial-grade insulated Quonset rented at $1921. Producing a cap rate of just over 4%. VM-3 zoning allows for even more potential with a plethora of permitted uses. Conveniently located close to amenities, schools and parks.The perfect property to broaden your investment portfolio. (id:37742)

Property Details

MLS® Number 1248925
Property Type Multi-family
Neigbourhood Greely
Amenities Near By Recreation Nearby, Shopping
Parking Space Total 10

Building

Basement Development Not Applicable
Basement Type Crawl Space (not Applicable)
Constructed Date 1875
Cooling Type Central Air Conditioning
Exterior Finish Brick, Siding
Fireplace Present No
Flooring Type Wall-to-wall Carpet, Hardwood, Tile
Heating Fuel Natural Gas
Heating Type Baseboard Heaters, Heat Pump
Stories Total 2
Type Duplex
Utility Water Drilled Well

Parking

Detached Garage

Land

Acreage No
Land Amenities Recreation Nearby, Shopping
Sewer Septic System
Size Frontage 184 Ft ,11 In
Size Irregular 184.95 Ft X 0 Ft (irregular Lot)
Size Total Text 184.95 Ft X 0 Ft (irregular Lot)
Zoning Description Vm3

https://www.realtor.ca/real-estate/23379901/1429-meadow-drive-ottawa-greely

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