ON > Greely - Metcalfe - Osgoode - Vernon And Area > 1601 - Greely
Greely - Metcalfe - Osgoode - Vernon And Area, ON K4P 1B1,1429 Meadow DR
Greely - Metcalfe - Osgoode - Vernon And Area, ON K4P 1B1,1429 Meadow DR
Greely - Metcalfe - Osgoode - Vernon And Area, ON K4P 1B1,1429 Meadow DR
Greely - Metcalfe - Osgoode - Vernon And Area, ON K4P 1B1,1429 Meadow DR
Greely - Metcalfe - Osgoode - Vernon And Area, ON K4P 1B1,1429 Meadow DR
Greely - Metcalfe - Osgoode - Vernon And Area, ON K4P 1B1,1429 Meadow DR
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Fawad Nissari

Fawad Nissari

+1(416) 878-1085
$ 965,000
Est. payment | /mo

3 Baths

47,792 SqFt

Save
$ 965,000
Est. payment | /mo
Save

3 Baths

47,792 SqFt

Key Details

Property Type Commercial

Sub Type Commercial Retail

Listing Status Active

Purchase Type For Sale

Square Footage 47,792 sqft

Price per Sqft $20

Subdivision 1601 - Greely

MLS Listing ID X12465411

Annual Tax Amount $5,420

Tax Year 2024

Property Sub-Type Commercial Retail

Property 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 $2,850/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!

Location

Province ON

County Ottawa

Community 1601 - Greely

Area Ottawa

Interior

Cooling Yes

Exterior

Utilities Available Yes

Lot Frontage 184.95

Lot Depth 190.58

Building

Building Age 51-99

Others

Security Features No

ParcelsYN No

Listed by EXIT REALTY MATRIX
Fawad Nissari

When it comes to Real Estate, it's not just a transaction; it's a relationship built on trust and honesty. I understand that buying or selling a home is one of the most significant financial decisions you will make in your lifetime, and that's why I take my role very seriously. I make it my mission to ensure that my clients are well informed and comfortable with the process every step of the way.

+1(416) 878-1085

fawad.nissari@exprealty.com

420 Main St E Unit 556, Milton, ON, L9T 5G3, CAN

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