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Maria Tompson
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Independently owned and operated.
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$990,000
Available - For Sale
Listing ID: X11991293
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, 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: $4,651.71
Occupancy by: Tenant
Address: 1429 Meadow Driv , Greely - Metcalfe - Osgoode - Vernon and, K4P 1B1, Ottawa
Directions/Cross Streets: Bank Street and Parkway Road
Rooms: 13
Bedrooms: 5
Bedrooms +: 0
Washrooms: 3
Family Room: T
Basement: Crawl Space
  Level/Floor Room Length(ft) Width(ft) Descriptions
Room 1: Main Living Ro 20.89 20.14
Room 2: Main Living Ro 19.22 10.14
Room 3: Main Dining Ro 13.64 8.50
Room 4: Main Kitchen 13.64 9.15
Room 5: Second Dining Ro 13.91 7.74
Room 6: Second Kitchen 13.91 11.74
Room 7: Second Primary B 19.48 13.05
Room 8: Second Bedroom 11.32 10.30
Room 9: Second Bedroom 10.23 9.41
Room 10: Second Bedroom 11.38 11.32
Room 11: Main Bathroom 11.64 4.99 3 Pc Bath
Room 12: Second Bathroom 7.97 5.97 3 Pc Bath
Room 13: Main Family Ro 18.99 9.84
No. of Pieces Level
Washroom 1:  5
Washroom 2:  3
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Property Type: Duplex
Style: 1 1/2 Storey
Exterior: Vinyl Siding
Garage Type: Detached
Drive Parking Spaces: 6
Pool: None
Other Structures: Drive Shed, Ad
Approximatly Age: 100+
Approximatly Square Footage: 3000-3500
CAC Included: N
Water Included: N
Cabel TV Included: N
Common Elements Included: N
Heat Included: N
Parking Included: N
Condo Tax Included: N
Building Insurance Included: N
Fireplace/Stove: N
Heat Type: Forced Air
Central Air Conditioning: Wall Unit(s
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Sewers: Septic
Water: Drilled W
Water Supply Types: Drilled Well
Utilities-Cable: Y
Utilities-Hydro: Y
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1429 Meadow Driv , Greely - Metcalfe - Osgoode - Vernon and, K4P 1B1, Ottawa

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Maria Tompson
Sales Representative
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At a Glance:
Type: Freehold - Duplex
Area: Ottawa
Municipality: Greely - Metcalfe - Osgoode - Vernon and
Neighbourhood: 1601 - Greely
Style: 1 1/2 Storey
Lot Size: x 190.58(Feet)
Approximate Age: 100+
Tax: $4,651.71
Maintenance Fee: $0
Beds: 5
Baths: 3
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Maria Tompson Sales Representative Your Company Name, Brokerage Independently owned and operated. pic Cell: 416-548-7854 | Office: 416-548-7854 Personal Pic
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