DAVID OIKLE

BROKER

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)

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General Inquiry
Courtesy of EXIT REALTY MATRIX

Listed on: February 27, 2025

On market: 13 days
Bathroom Total 3
Bedrooms Total 5
Cooling Type Wall unit
Heating Type Forced air
Heating Fuel Natural gas
Stories Total 1.5
BathroomSecond level2.43 m x 1.82 m
Dining roomSecond level4.24 m x 2.36 m
KitchenSecond level4.24 m x 3.58 m
Primary BedroomSecond level5.94 m x 3.98 m
BedroomSecond level3.45 m x 3.14 m
BedroomSecond level3.12 m x 2.87 m
BedroomSecond level3.47 m x 3.45 m
Living roomMain level6.37 m x 6.14 m
BathroomMain level3.55 m x 1.52 m
Family roomMain level5.79 m x 3 m
Living roomMain level5.86 m x 3.09 m
Dining roomMain level4.16 m x 2.59 m
KitchenMain level4.16 m x 2.79 m
BathroomSecond level2.43 m x 1.82 m
Dining roomSecond level4.24 m x 2.36 m
KitchenSecond level4.24 m x 3.58 m
Primary BedroomSecond level5.94 m x 3.98 m
BedroomSecond level3.45 m x 3.14 m
BedroomSecond level3.12 m x 2.87 m
BedroomSecond level3.47 m x 3.45 m
Living roomMain level6.37 m x 6.14 m
BathroomMain level3.55 m x 1.52 m
Family roomMain level5.79 m x 3 m
Living roomMain level5.86 m x 3.09 m
Dining roomMain level4.16 m x 2.59 m
KitchenMain level4.16 m x 2.79 m

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1603 - 1081 AMBLESIDE DRIVE Ottawa
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1039 CEDAR CREEK DRIVE Ottawa
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 $685,000 4 4 27 x 103.9 FT Ottawa AVENUE NORTH REALTY INC.
310 - 141 POTTS Ottawa
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 $419,900 2 2 Ottawa RE/MAX HALLMARK PILON GROUP REALTY
901 - 200 LAFONTAINE AVENUE Ottawa
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42 MARCHBROOK CIRCLE Ottawa
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DAVID OIKLE

BROKER

384 Richmond Road

Ottawa, ON. K2A 0E8

Phone: 613.729.9090

CONTACT DAVE

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