1429 Meadow Drive Ottawa, Ontario K4P 1B1
$1,399,000
Great low-maintenance investment opportunity! Beautifully renovated multifaceted 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:41211)
Property Details
| MLS® Number | 1274686 |
| 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/23938912/1429-meadow-drive-ottawa-greely
Interested?
Contact us for more information
Jason Pilon
Broker of Record
www.PilonGroup.com
https://www.facebook.com/pilongroup
https://www.linkedin.com/company/pilon-real-estate-group
https://twitter.com/pilongroup
4366 Innes Road, Unit 201
Ottawa, Ontario K4A 3W3
(613) 590-2910
(613) 590-3079
www.pilongroup.com
Jp Gauthier
Salesperson
4366 Innes Road, Unit 201
Ottawa, Ontario K4A 3W3
(613) 590-2910
(613) 590-3079
www.pilongroup.com
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
Ottawa Real Estate Board
RE/MAX Hallmark Pilon Group Realty
March 22 2022 03:11:45
