1429 MEADOW DRIVE

Greely, Ontario K4P1B1

$1,399,000

ID# 1274684
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: 10 days
Bathroom Total 3
Bedrooms Total 5
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
Dining roomSecond level13'11" x 7'9"
KitchenSecond level13'11" x 11'9"
Primary BedroomSecond level19'6" x 13'1"
BedroomSecond level11'4" x 10'4"
BedroomSecond level10'3" x 9'5"
BedroomSecond level11'5" x 11'4"
BathroomSecond levelMeasurements not available
BathroomSecond levelMeasurements not available
Living roomMain level20'11" x 20'2"
Living roomMain level19'3" x 10'2"
Dining roomMain level13'8" x 8'6"
KitchenMain level13'8" x 9'2"
BedroomMain level15'8" x 13'8"
BathroomMain levelMeasurements not available