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$ 965,000
Est. payment /mo
Active
1429 Meadow DR Greely - Metcalfe - Osgoode - Vernon And Area, ON K4P 1B1
3 Baths
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Subdivision 1601 - Greely
MLS Listing ID X12465411
Annual Tax Amount $5,420
Tax Year 2024
Property Sub-Type Commercial Retail
Property Description
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 $2,850/month. Unit B: A cozy 1-bedroom, 1-bath unit, bringing in $1,800/month. Additional income sources include: Insulated 2-bay garage: Renting for $1,431/month. 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 $2,375/month + propane. Cap Rate of 7.55%%, this property is both a stable and high- potential addition to any investment portfolio. Cash flow of about $1,802/mth. 1.42 DSCR. ROI over 17.63%. 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!
Location
Province ON
County Ottawa
Community 1601 - Greely
Area Ottawa
Interior
Cooling Yes
Exterior
Utilities Available Yes
Lot Frontage 184.95
Lot Depth 190.58
Building
Building Age 51-99
Others
Security Features No
ParcelsYN No
Listed by EXIT REALTY MATRIX