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$990,000
Available - For Sale
Listing ID: X11991294
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!
Price $990,000
Taxes: $5,420
Tax Type: Annual
Occupancy by: Tenant
Address: 1429 Meadow Driv , Greely - Metcalfe - Osgoode - Vernon and, K4P 1B1, Ottawa
Postal Code: K4P 1B1
Province/State: Ottawa
Directions/Cross Streets: Bank Street and Parkway Road
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Category: Multi-Use
Use: Automotive Related
Building Percentage: T
Total Area: 47,792
Total Area Code:  Square Feet
Retail Area Code: Sq Ft
Approximatly Age: 51-99
Financial Statement: T
 Management Expense: 2632
Maintenance: 0
Water Expense: $548
Vacancy Allowance: 2193
Net Income Before Debt: $62536
Expenses Actual/Estimated: $Act
Sprinklers: No
Outside Storage: T
Drive-In Level Shipping Doors #: 3
  Height Feet: 7
  Width Feet: 8
Heat Type: Gas Forced Air Open
Central Air Conditioning: Yes
Sewers: Septic
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1429 Meadow Driv , Greely - Metcalfe - Osgoode - Vernon and, K4P 1B1, Ottawa


 
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At a Glance:
Type: Com - Commercial Retail
Area: Ottawa
Municipality: Greely - Metcalfe - Osgoode - Vernon and
Neighbourhood: 1601 - Greely
Style:
Lot Size: x 190.58(Acres)
Approximate Age: 51-99
Tax: $5,420
Maintenance Fee: $0
Beds: 0
Baths: 3
Garage: 0
Fireplace: N
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