1429 Meadow Drive, GreelyMetcalfeOsgoodeVernonandArea, ON K4P 1B1
$990,000
$990,000

1429 Meadow Drive

1601 - Greely, Greely - Metcalfe - Osgoode - Vernon and Area, Ottawa $990,000

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3 Baths
47792.00 Sq Ft
Double Detached Garage
Parking for 8
Automotive Related
Zoning: VM3 - Village Mixed-Use Subzone 3
MLS®#:
X11991294
Property Type:
Commercial Retail
Property Style:
Area:
Ottawa
Community:
1601 - Greely
Taxes:
$5,420 / 2024
Added:
February 27 2025
Lot Frontage:
184.95
Lot Depth:
190.58
Status:
Active
Outside:
Year Built:
51-99
Brokerage:
EXIT REALTY MATRIX
Lot (Acres):

190

184

BIG LOT

Lot Irregularities:
Irregular
Intersection:
Bank Street and Parkway Road
Rooms:
Bedrooms:
Bathrooms:
3
Fireplace:
Utilities
Water:
Well
Cooling:
Yes
Heating Type:
Gas Forced Air Open
Heating Fuel:

Listing Details

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!

washer (2), dryer (2), stove (2), hood fan (2), dishwasher (2)

Neighborhood Overview

Complete neighborhood profile for 1429 Meadow Drive

1601 - Greely home prices

Average sold price for Detached, Semi-Detached, Condo, Townhomes in 1601 - Greely
100%
* Data is provided courtesy of TRREB (Toronto Regional Real-estate Board)