1429 MEADOW DRIVE$1,199,000

#1322822

N/A bed

N/A bath

About the Property

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:46641)

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Listing Agent

Jessica Yaacoub

Salesperson

(613) 277-7000

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Property Details

City: Ottawa

Neighbourhood: Greely

Build Year: 1875

Property

Property Type

Multi-family

Features

Treed

Building

Basement Development

Not Applicable

Basement Type

Crawl space (Not Applicable)

Storeys

2

Building Style

Fourplex

Exterior Finish

Brick, Siding

Heating Type

Baseboard heaters, Heat Pump

Cooling Type

Central air conditioning

Parking Space Total

4

Measurements

Additional Info

Lease Type

Gross

Listing Contract Date

2022-11-30

Zoning Description

VM3

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