1429 MEADOW DRIVE
Ottawa, Ontario K4P1B1

$990,000

ID# X11991293

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:25961)

Courtesy of EXIT REALTY MATRIX

Listed on: February 27, 2025

On market: 35 days

Bathroom Total	3
Bedrooms Total	5
Cooling Type	Wall unit
Heating Type	Forced air
Heating Fuel	Natural gas
Stories Total	1.5

Bathroom	Second level	2.43 m x 1.82 m
Dining room	Second level	4.24 m x 2.36 m
Kitchen	Second level	4.24 m x 3.58 m
Primary Bedroom	Second level	5.94 m x 3.98 m
Bedroom	Second level	3.45 m x 3.14 m
Bedroom	Second level	3.12 m x 2.87 m
Bedroom	Second level	3.47 m x 3.45 m
Living room	Main level	6.37 m x 6.14 m
Bathroom	Main level	3.55 m x 1.52 m
Family room	Main level	5.79 m x 3 m
Living room	Main level	5.86 m x 3.09 m
Dining room	Main level	4.16 m x 2.59 m
Kitchen	Main level	4.16 m x 2.79 m

Bathroom	Second level	2.43 m x 1.82 m
Dining room	Second level	4.24 m x 2.36 m
Kitchen	Second level	4.24 m x 3.58 m
Primary Bedroom	Second level	5.94 m x 3.98 m
Bedroom	Second level	3.45 m x 3.14 m
Bedroom	Second level	3.12 m x 2.87 m
Bedroom	Second level	3.47 m x 3.45 m
Living room	Main level	6.37 m x 6.14 m
Bathroom	Main level	3.55 m x 1.52 m
Family room	Main level	5.79 m x 3 m
Living room	Main level	5.86 m x 3.09 m
Dining room	Main level	4.16 m x 2.59 m
Kitchen	Main level	4.16 m x 2.79 m

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Grid List Table Map

$2,699,999 4101 - 805 CARLING AVENUE
OTTAWA

$634,900 2508 - 805 CARLING AVENUE
OTTAWA

$1,599,000 2062 GREYS CREEK ROAD
OTTAWA

$2,370 632 - 600 MOUNTAINEER
OTTAWA

$710,900 175 CRAIG DUNCAN TERRACE
OTTAWA

$2,590 215 - 600 MOUNTAINEER
OTTAWA

Address	Price	Bed	Bath	SqFt	Area	Brokerage
4101 - 805 CARLING AVENUE	$2,699,999	3	4		Ottawa	ROYAL LEPAGE TEAM REALTY
2508 - 805 CARLING AVENUE	$634,900	1	1		Ottawa	ROYAL LEPAGE PERFORMANCE REALTY
2062 GREYS CREEK ROAD	$1,599,000	3	3	1.0000\|100+ acres	Ottawa	ENGEL & VOLKERS OTTAWA
632 - 600 MOUNTAINEER	$2,370	1	-		Ottawa	BENNETT PROPERTY SHOP REALTY
175 CRAIG DUNCAN TERRACE	$710,900	3	3	20 x 100 FT ; 0	Ottawa	EXP REALTY
215 - 600 MOUNTAINEER	$2,590	1	-		Ottawa	BENNETT PROPERTY SHOP REALTY

Nicolas Blackburn

SALES REPRESENTATIVE

Direct: (613) 601.2224

nblackburn@royallepage.ca

Royal LePage Team Realty

1723 Carling Ave

Ottawa, Ontario

Canada K2A 1C8

Office: 613-725-1171

Toll Free: 1-800-307-1545

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1429 MEADOW DRIVE Ottawa, Ontario K4P1B1

1429 MEADOW DRIVE
Ottawa, Ontario K4P1B1