| 613.829.1000
| 613.829.1000
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! (id:37351)
| MLS® Number | X11991293 |
| Property Type | Single Family |
| Community Name | 1601 - Greely |
| Features | Irregular Lot Size |
| ParkingSpaceTotal | 8 |
| Structure | Drive Shed, Outbuilding, Steel Silo, Shed, Workshop |
| BathroomTotal | 3 |
| BedroomsAboveGround | 5 |
| BedroomsTotal | 5 |
| Appliances | Water Purifier, Dishwasher, Dryer, Hood Fan, Stove |
| BasementType | Crawl Space |
| CoolingType | Wall Unit |
| ExteriorFinish | Vinyl Siding |
| FoundationType | Concrete, Stone |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| StoriesTotal | 2 |
| Type | Duplex |
| UtilityWater | Drilled Well |
| Detached Garage | |
| Garage |
| Acreage | No |
| Sewer | Septic System |
| SizeDepth | 190 Ft ,6 In |
| SizeFrontage | 184 Ft ,11 In |
| SizeIrregular | 184.95 X 190.58 Ft ; Irregular |
| SizeTotalText | 184.95 X 190.58 Ft ; Irregular |
| ZoningDescription | Vm3 - Village Mixed-use Subzone 3 |
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Bathroom | 2.43 m | 1.82 m | 2.43 m x 1.82 m |
| Second Level | Dining Room | 4.24 m | 2.36 m | 4.24 m x 2.36 m |
| Second Level | Kitchen | 4.24 m | 3.58 m | 4.24 m x 3.58 m |
| Second Level | Primary Bedroom | 5.94 m | 3.98 m | 5.94 m x 3.98 m |
| Second Level | Bedroom | 3.45 m | 3.14 m | 3.45 m x 3.14 m |
| Second Level | Bedroom | 3.12 m | 2.87 m | 3.12 m x 2.87 m |
| Second Level | Bedroom | 3.47 m | 3.45 m | 3.47 m x 3.45 m |
| Main Level | Living Room | 6.37 m | 6.14 m | 6.37 m x 6.14 m |
| Main Level | Bathroom | 3.55 m | 1.52 m | 3.55 m x 1.52 m |
| Main Level | Family Room | 5.79 m | 3 m | 5.79 m x 3 m |
| Main Level | Living Room | 5.86 m | 3.09 m | 5.86 m x 3.09 m |
| Main Level | Dining Room | 4.16 m | 2.59 m | 4.16 m x 2.59 m |
| Main Level | Kitchen | 4.16 m | 2.79 m | 4.16 m x 2.79 m |
| Cable | Installed |
https://www.realtor.ca/real-estate/27958980/1429-meadow-drive-ottawa-1601-greely
Contact us for more information
Roch St-Georges
Broker
(613) 837-0011
(613) 837-2777
www.exitottawa.com/
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Phone Number
(613) 829-1000
Email Address
info@grapevine.ca
Mailing Address
48 Cinnabar Way
Stittsville ON K2S1Y6
