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:5764)
- Price:
- $1,199,000
- Bedrooms:
- 5
- Full Baths:
- 3
- Year Built:
- 1875
- Listing ID #:
- 1274684
- Street Address:
- 1429 Meadow Drive
- City:
- Greely
- Province:
- Ontario
- Postal Code:
- K4P 1B1
- Subdivision:
- Greely
- Listing Status:
- Active
- Listing Type:
- House
- Flooring:
- Wall-To-Wall Carpet, Hardwood, Tile
- Number Of Fireplaces:
- 1
- Stories:
- 2
- Year Built:
- 1875
- Road Frontage:
- 184 Ft , 11 In
- Originating Mls:
- Ottawa Real Estate Board
- Bedroom Description:
- Dining Room
- Has Attached Garage:
- Yes
- Has Garage:
- Yes
- Parking Spaces:
- 10
- Cooling System:
- Central Air Conditioning
- Has Central Air Conditioning:
- Yes
- Heating Fuel:
- Natural Gas
- Sewage Type:
- Septic System
- Listing Provided By RE/MAX HALLMARK PILON GROUP REALTY
