1429 Meadow Drive, Greely - Metcalfe - Osgoode - Vernon and Area, ON K4P 1B1
For Sale
178 days on Market
MLS® X12465415
1 / 20
Overview
Active
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!
Bedrooms
5
Bathrooms
3.0
Area
3,250 sqft
Lot Size
0.8 acres
Type
Duplex
Property Details
Year Built1926
CityGreely - Metcalfe - Osgoode - Vernon and Area
Postal CodeK4P1B1
Lot Dimensions184.95 × 190.58 ft
Parking8 spaces
Interior Features
Heat: Forced Air
Heat Source: Gas
Cooling: Wall Unit(s)
Style: 1 1/2 Storey
Exterior & Land
Sewer: Septic
Construction: Vinyl Siding
Roof: Asphalt Shingle
Utilities & Services
Heat SourceGas
SewerSeptic
1429 Meadow Drive, Greely - Metcalfe - Osgoode - Vernon and Area, ON K4P 1B1
Purchase Calculator
$949,000.00
$199,290.00
⚙️ Rate
Your mortgage interest rate can either be Fixed for the term or Variable.
4.70%
🧾 Amortization
30 years
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$400.00
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- Home Expenses$0.00
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Mortgage Payment$0.00
Net Mortgage$0.00
Interest paid over term$0.00
Balance end of Term$0.00
Effective Amortization30 Years
Property Location
1429 Meadow Drive, Greely - Metcalfe - Osgoode - Vernon and Area, ON K4P 1B1
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