1429 Meadow Drive, Ottawa, Ontario K4P1B1

Listing courtesy of RE/MAX DELTA REALTY TEAM.

$1,199,000
List Price
$1,199,000
MLS®
1312226
Days on Market
22
Status
ACTIVE
Type
Multifamily
Subtype
Multi-family
Subdivision
Greely

Property Description

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:2579)

Additional Information

Heating Fuel
Natural gas,
Garage
Yes
Subdivision
Greely
Parking Spaces
4
Levels
2
Cooling
Central air conditioning
Country
Canada
Flooring
Wall-to-wall carpet, Hardwood, Tile
Sewer
Septic System
Frontage Length
184 ft ,11 in
Heating
Baseboard heaters, Heat Pump
Total Number Of Units
4
Stories
2
Attached Garage
Yes

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks