single story home with an attached garage, a front lawn, asphalt driveway, and brick siding Features: lawn, attached garage More Photos

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    For Sale - 150 Meadowlands Drive, Meadowlands - Crestview and Area, Ontario

    Est payment $4,857/mo
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    Time on Jump  90 day

    AI Summary *

    • Spacious bungalow with a legal secondary unit generating $6,800/month.
    • Prime 75ft x 120ft corner lot with future development potential.
    • Recently renovated upper level with modern finishes and bright living space.
    • Excellent accessibility near Algonquin College and future LRT.
    • Proposed zoning allows for a 4-storey building with substantial living space.




    Amazing cash-flowing investment with outstanding future development potential! This spacious bungalow with a legal secondary unit sits on a prime 75ft x 120ft corner lot, currently grossing $6,800/month from two 4-bed, 2-bath with a net income of over $64,000/yr- 6. 5%+ cap rate! The upper level has been beautifully renovated, featuring 4 generous bedrooms (including one with a 2-piece ensuite), a stylish modern kitchen, a large 5-piece bathroom, in-unit laundry, and bright open living space. The legal lower level unit offers 4 well-sized bedrooms, two stunning 4-piece bathrooms, and a sleek open-concept layout with high-end finishes throughout. Both units are highly desirable and very easy to rent, with excellent tenants already in place. Located within walking distance to algonquin college, the future lrt, and college square, with bus service right at your doorstep, this property offers unbeatable accessibility. Beyond the strong cashflow, the newly proposed minor corridor 2 (cm2) zoning unlocks incredible development potential permitting a 4-storey building with a footprint of 5,500+sqft. And the opportunity to create over 25,000sqft. Of living space. This is a rare chance to secure steady income today while planning for exceptional future returns!
    Listing IDX12408746
    Address150 Meadowlands Drive
    CityMeadowlands - Crestview and Area, Ontari…
    Price$979,900
    Bed / Bath8 / 4 Full
    StyleBungalow, Duplex
    ConstructionBrick
    Land Size9000
    TypeMulti-Family
    StatusFor Sale

    Subtype DuplexIndoor Features Accessory ApartmentOwnership FreeholdBasement ApartmentFoundation Concrete BlockHeating / Cooling Forced AirHeating Fuel GasSewer Sewer

    Parking 7.00
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    150 Meadowlands Drive
    Meadowlands - Crestview and Area , Ontario
    8 4 $979,900
    Get more info