1429 MEADOW DRIVE, Greely, Ontario, K4P1B1
Bathrooms3 Bedrooms5
Property TypeSingle Family Built in1875

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:46094)


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Details
Amenities NearbyRecreation Nearby, Shopping OwnershipFreehold
Parking Spaces10 TransactionFor sale
Zoning DescriptionVM3
Building
Bedrooms Main level5 Bedrooms Lower level0
AppliancesRefrigerator, Dishwasher, Dryer, Stove, Washer Basement DevelopmentNot Applicable
BasementCrawl space (Not Applicable) Constructed Date1875
Construction Style AttachmentDetached CoolingCentral air conditioning
Exterior FinishBrick, Siding Fireplace PresentYes
Fireplace Total1 FlooringWall-to-wall carpet, Hardwood, Tile
FoundationPoured Concrete, Stone Bathrooms (Half)0
Bathrooms (Total)3 Heating FuelNatural gas
HeatingBaseboard heaters, Heat Pump Storeys Total2
TypeHouse Utility WaterDrilled Well
Land
Size Frontage184 ft ,11 in AmenitiesRecreation Nearby, Shopping
SewerSeptic System Size Irregular184.95 ft X 0 ft (Irregular Lot)
Level Type Dimensions
Second levelDining room13'11" x 7'9"
Second levelKitchen13'11" x 11'9"
Second levelPrimary Bedroom19'6" x 13'1"
Second levelBedroom11'4" x 10'4"
Second levelBedroom10'3" x 9'5"
Second levelBedroom11'5" x 11'4"
Second levelFull bathroomMeasurements not available
Second levelFull bathroomMeasurements not available
Main levelLiving room20'11" x 20'2"
Main levelLiving room19'3" x 10'2"
Main levelDining room13'8" x 8'6"
Main levelKitchen13'8" x 9'2"
Main levelBedroom15'8" x 13'8"
Main levelFull bathroomMeasurements not available

Listing Office: RE/MAX HALLMARK PILON GROUP REALTY

Data Provided by Ottawa Real Estate Board

Last Modified :06/05/2022 09:13:08 AM

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