Home with vinyl exterior material, street for 1429 Meadow Dr, Ottawa Ontario K4P 1B1
30 days on Market

1429 Meadow Dr, Ottawa, Ontario K4P 1B1

Other
-
3
~47792 sqft
$990,000
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Other
-
3
~47792 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$20/sqft

Est. Mortgage$4,252/mo

Tax Amount (2024)$5,420/yr

Days On Market30 days


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 $2,375/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, 200 amp panel, 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!


Property Details

StyleMulti-Use
View-
Age of property51-99
SqFt~47792 SqFt
Lot Size35,247 Ac(190.58 x 184.95)
Parking Spaces8
MLS ®NumberX11991294
Community NameGreely
Data SourceTRREB
Listing byEXIT REALTY MATRIX

Features

Heating: Gas Forced Air Open
Cooling: Y

Features

Lot size: 35,247 Ac

Parking

Garage spaces -

Garage type -

Total parking spaces 8


Property History

Feb 27, 2025
Listed for
$990,000
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Listed
$•••,•••
30 days on market
history photo preview41
Listing by trreb®
Property listed by EXIT REALTY MATRIX, Brokerage

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Population and Demographics

Overview

Total population 12210
Average household income $187,100

Age (%)

0 to 19
27%
50 to 64
24%
35 to 49
21%
20 to 34
15%
65 and plus
13%

Household composition (%)

Single family
84%
Single person
14%
Multi person
2%
Multi family
1%

Mother tongue (%)

English
73%
French
11%
Arabic
4%
Others
4%
English and French
2%
Italian
1%
Mandarin
1%

House tenancy (%)

Owners
92%
Renters
8%

Schools and amenities

Estimated Budget