1429 MEADOW DRIVE

Ottawa, Ontario K4P1B1

$1,399,000

ID# 1274686
Great low-maintenance investment opportunity! Beautifully renovated multifaceted income property that provides multiple avenues for income generation. This fully tenanted property features 2 residential units, a garage rental and quonset that sit on a huge 1.1 acre parcel of land in the beautiful town of Greely. The main house features a 4bd unit (A) grossing $2345 and a 1 bedroom unit (B) grossing $1640. Additional sources of income include the insulated 3 bay garage at $1130 and a commercial-grade insulated Quonset rented at $1921. Producing a cap rate of just over 4%. VM-3 zoning allows for even more potential with a plethora of permitted uses. Conveniently located close to amenities, schools and parks.The perfect property to broaden your investment portfolio. (id:42873)
Courtesy of RE/MAX HALLMARK PILON GROUP REALTY
Listed on: January 12, 2022

On market: 9 days
Bathroom Total 0
Half Bathrooms Total 0
Year Built 1875
Cooling Type Central air conditioning
Flooring Type Wall-to-wall carpet, Hardwood, Tile
Heating Type Baseboard heaters, Heat Pump
Heating Fuel Natural gas
Stories Total 2