1429 Meadow Drive, Ottawa, Ontario K4P1B1

Listing courtesy of RE/MAX HALLMARK PILON GROUP REALTY.

$1,399,000
List Price
$1,399,000
MLS®
1274686
Days on Market
7
Status
ACTIVE
Type
Multifamily
Subtype
Multi-family
Subdivision
Greely

Property Description

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:2579)

Additional Information

Heating Fuel
Natural gas,
Garage
Yes
Subdivision
Greely
Parking Spaces
10
Levels
2
Cooling
Central air conditioning
Country
Canada
Flooring
Wall-to-wall carpet, Hardwood, Tile
Sewer
Septic System
Frontage Length
184 ft ,11 in
Heating
Baseboard heaters, Heat Pump
Total Number Of Units
2
Stories
2
Attached Garage
Yes

Mortgage Calculator

Amount of Loan
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Term of Loan
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Please consult a financial professional.
Calculator source: Real Geeks