1429 Meadow Drive Ottawa, Ontario K4P 1B1

Central Air Conditioning Baseboard Heaters, Heat Pump


Great opportunity to diversify your portfolio with two Residential Units and two Commercial Units! Sitting on 1.1 acres, this property is located just behind a main intersection in popular Greely, but still maintains an uber flexible VM3 zoning - ideal for a bed & breakfast, day care, home based business, office, brewery, restaurant and training center (the list continues!) Currently valued at a 5.3 cap, this property CASH FLOWS and has all major systems updated and in good health. The main home is a duplex with one 1 Bedroom Unit and one 4 Bedroom Unit with excellent tenants. Outside there is a oversized 3 bay garage currently rented out to a small business, as well as a commercial grade Quonset in the rear of the property also rented out to another small business. If you've been looking to get involved in some Commercial Investing then this mixed use building is the perfect start! (id:42527)

Property Details

MLS® Number 1334636
Property Type Multi-family
Neigbourhood Greely
Amenities Near By Public Transit, Recreation Nearby, Shopping
Communication Type Internet Access
Features Treed
Parking Space Total 4


Basement Development Not Applicable
Basement Type Crawl Space (not Applicable)
Constructed Date 1875
Construction Style Attachment Attached
Cooling Type Central Air Conditioning
Exterior Finish Brick, Siding
Flooring Type Wall-to-wall Carpet, Hardwood, Tile
Heating Fuel Natural Gas
Heating Type Baseboard Heaters, Heat Pump
Stories Total 2
Type Fourplex
Utility Water Drilled Well


Detached Garage


Acreage No
Land Amenities Public Transit, Recreation Nearby, Shopping
Sewer Septic System
Size Frontage 184 Ft ,11 In
Size Irregular 184.95 Ft X 0 Ft (irregular Lot)
Size Total Text 184.95 Ft X 0 Ft (irregular Lot)
Zoning Description Vm3


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