1429 Meadow Drive Ottawa, Ontario K4P 1B1
$1,199,000
Great opportunity to diversify your portfolio with two Residential Units and two Commercial Units! Sitting on 1.1 acres, this property is located just behind a main intersection in popular Greely, but still maintains an uber flexible VM3 zoning - ideal for a bed & breakfast, day care, home based business, office, brewery, restaurant and training center (the list continues!) Currently valued at a 5.3 cap, this property CASH FLOWS and has all major systems updated and in good health. The main home is a duplex with one 1 Bedroom Unit and one 4 Bedroom Unit with excellent tenants. Outside there is a oversized 3 bay garage currently rented out to a small business, as well as a commercial grade Quonset in the rear of the property also rented out to another small business. If you've been looking to get involved in some Commercial Investing then this mixed use building is the perfect start! (id:19066)
Property Details
| MLS® Number | 1322822 |
| Amenities Near By | Public Transit, Recreation Nearby, Shopping |
| Communication Type | Internet Access |
| Features | Treed |
| Parking Space Total | 4 |
| Property Type | Multi-family |
Building
| Basement Development | Not Applicable |
| Basement Type | Crawl Space (not Applicable) |
| Constructed Date | 1875 |
| Construction Style Attachment | Attached |
| 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 | Fourplex |
| Utility Water | Drilled Well |
Land
| Acreage | No |
| Land Amenities | Public Transit, 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/25108908/1429-meadow-drive-ottawa-greely
Interested?
Contact us for more information
Marc Evans
Broker
TheEvansRealEstateGroup.com
2316 St. Joseph Blvd.
Ottawa, Ontario K1C 1E8
(613) 830-0000
(613) 830-0080
remaxdeltarealtyteam.com
Jessica Yaacoub
Salesperson
www.ottawacapitalgroup.com
2316 St. Joseph Blvd.
Ottawa, Ontario K1C 1E8
(613) 830-0000
(613) 830-0080
remaxdeltarealtyteam.com
MLS®, REALTOR®, and the associated logos are trademarks of The Canadian Real Estate Association
Ottawa Real Estate Board
RE/MAX Delta Realty Team
25108908
December 01 2022 06:11:07
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Thanks for your interest. I look forward to hearing from you.
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