1429 Meadow Dr
Greely, Ottawa
$990,000
Buy with Dwelly and Save $9,900
Home Details
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Listing 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!
washer (2), dryer (2), stove (2), hood fan (2), dishwasher (2)
City: Ottawa
Neighborhood: Greely
Property History
Rooms
Room dimensions for 1429 Meadow Dr, Ottawa
Market Trends and Insights
Mortgage Calculator
Your estimated monthly payment for 1429 Meadow Dr is 5268
Price
$Rate
%Ammortization
Down Payment
$Total Mortgage
| Purchase Price | $990000 |
| Down Payment | $198000 |
| Mortgage Insurance | $0 |
| Total Mortgage | $792000 |
Monthly Payment
| Mortgage Payment | $4881 |
| Property Taxes | $388 |
| Maintenance Fees | $0 |
| Monthly Payment | $5268 |
About 1429 Meadow Dr, Ottawa
Located at 1429 Meadow Dr , this Ottawa house is available for sale. This property was listed for $990,000 on Mon Mar 31 2025. This house's size is 3000-3500 Sqft. It has 5 bedrooms and 3 bathrooms. The property includes the following rooms: Living, Living, Dining, Kitchen, Dining, Kitchen, Primary, Br, Br, Br, Bathroom, Bathroom, Family. This property comes with 8 parking spots. 1429 Meadow Dr, Ottawa is situated in the Greely neighbourhood.
MLS#: X11991293 · $990,000 · 5 bedroom house in Greely, Ottawa