$949,000
$949,000
Duplex1429 Meadow Drive, Ottawa, ON
156 DAYSon market
5Bedrooms
3Bathrooms
2Garage
3000-3500Sq Ft





































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Listed by EXIT REALTY MATRIX
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
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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
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
