view of front facade with a porch, a garage, and a shingled roof Features: fence, garage, porch More Photos

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    For Sale - 1429 Meadow Drive, Greely - Metcalfe - Osgoode - Vernon and Area, Ontario

    Est payment $4,704/mo
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    Time on Jump  109 day

    AI Summary *

    • Fully tenanted property with multiple revenue sources on 1.09 acres.
    • Main house includes spacious 4-bedroom and cozy 1-bedroom residential units.
    • Insulated garage and Quonset hut add significant rental income potential.
    • Versatile VM-3 zoning allows for various residential and commercial uses.
    • Conveniently located near schools, parks, shopping, and airport.




    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. 68%%, this property is both a stable and high- potential addition to any investment portfolio. Cash flow of about $2,040/mth. 1. 51 dscr. Roi over 19. 55%. 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!
    Listing IDX12465415
    Address1429 Meadow Drive
    CityGreely - Metcalfe - Osgoode - Vernon and…
    Price$949,000
    Bed / Bath5 / 3 Full
    Style1 1/2 Storey, Duplex
    ConstructionVinyl Siding
    TypeMulti-Family
    StatusFor Sale

    Subtype DuplexIndoor Features Storage, Water PurifierOwnership FreeholdBasement Crawl SpaceFoundation Concrete, StoneHeating / Cooling Forced AirHeating Fuel GasSewer Septic

    Parking 8.00
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    Listing Agency:  EXIT REALTY MATRIX
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    1429 Meadow Drive
    Greely - Metcalfe - Osgoode - Vernon and Area , Ontario
    5 3 $949,000
    Get more info