1429 Meadow Dr - Industrial FOR SALE


Ottawa, ON K4P 1B1- East Central
$965,000 CAD
613-837-0011
1429 Meadow Dr, Ottawa, ON for Sale
$965,000 CAD
Industrial - FOR SALE
1/4
null | Request Cap Rate

1429 Meadow Dr
Ottawa, ON K4P 1B1
East Central


HIGHLIGHTS

  • Duplex included with the sale of the insulated bay.

OVERVIEW

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 7.55%%, this property is both a stable and high- potential addition to any investment portfolio. Cash flow of about $1,802/mth. 1.42 DSCR. ROI over 17.63%. 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!

FOR SALE DETAILS

PRICE

$965,000 CAD

PRICE/SF

$536 CAD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1875

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.1

LAND SF

47,916

ZONING

VM3

APN/PARCEL ID

061470004511400

ASK ABOUT THIS PROPERTY

Roch St-GeorgesExit Realty Matrix, BrokerageMore Info
613-837-0011

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Roch St-GeorgesExit Realty Matrix, BrokerageMore Info
613-837-0011

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.