1429 Meadow Drive

1429 Meadow Drive
1429 Meadow Drive
1429 Meadow Drive
+36
5
 bed
3
 bath
8
 parking
3000 - 3500
 sqft
Duplex
$990,000
For Sale
53 days
 on site
$990,000
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Size
-
Lot size
1.10 Acre
Street frontage
-
Possession
Flexible
Price per sqft
$283 - $330
Taxes
$4,651.71 (2024)
Parking Type
-
Style
1 1/2 Storey
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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 $2,375/month. Unit B: A cozy 1-bedroom, 1-bath unit, bringing in $1,691/month. Additional income sources include: Insulated 2-bay garage: Renting for $1,130/month + utilities. Commercial-grade, fully insulated Quonset hut: Featuring 1,800 sq. ft. of warehouse space with two man doors and two garage doors, leased at $2,090.50/month + utilities. Cap Rate of 6.19%%, this property is both a stable and high-potential addition to any investment portfolio. 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!
Broker: EXIT REALTY MATRIX
MLS®#: X11991293
Property details
Parking:
8
Parking type:
-
Property type:
Duplex
Heating type:
Forced Air
Style:
1 1/2 Storey
MLS Size:
3000-3500 sqft
Lot front:
184 Ft
Lot depth:
190 Ft
Listed on:
Feb 27, 2025
Show all details
Rooms
LevelNameSizeFeatures
Second
Bedroom
11.4 x 11.3 ft
Main
Family Room
19.0 x 9.8 ft
Second
Dining Room
13.9 x 7.7 ft
Show all
Instant estimate:
orto view instant estimate
$1,360
higher than listed price
i
High
$1,040,928
Mid
$991,360
Low
$941,792

About 1429 Meadow Drive

1429 Meadow Drive is an Ottawa duplex for sale. It has been listed at $990000 since February 2025. This duplex has 5 beds, 3 bathrooms and is 3000-3500 sqft.

For groceries or a pharmacy you'll likely need to hop into your car as there is not much near this duplex.

For those residents of 1429 Meadow Dr, Ottawa without a car, you can get around quite easily. The closest transit stop is a Bus Stop (PARKWAY / MEADOW) and is a short distance away connecting you to Ottawa's public transit service. It also has route nearby.