$1,199,000
1429 Meadow Drive, Greely, ON K4P 1B1
5 Beds
3 Baths
n/a sqft

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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

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