368-3689910_homelife-bayside-realty-ltd-brokerage

Vikas Palan Sales Representative Homelife Super Stars Real Estate LTD

Call Now: 416-939-2500 Email: vikas@vikaspalan.com
1429 Meadow Drive, Greely - Metcalfe - Osgoode - Vernon and Area, ON K4P 1B1
$949,000
  • Sale
  • Duplex
  • 133 days ago
  • Updated: 2026-01-30

Overview

  • Duplex
  • 5
  • 3
  • Detached/6
  • 3000-3500
  • 100+

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 7.68%%, 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!

Details

  • X12465415
  • Detached/6
  • $949,000
  • Tenant
  • None
  • 2 + 2
  • 1 1/2 Storey
  • 5
  • 3
  • 3000-3500 Sqft
  • N/A N/A
  • 100+
  • Duplex
  • Sale

Additional details

  • Forced Air / Gas
  • VM3 - Village Mixed-Use Subzone 3
  • $4651.71
  • 2024
  • PT LT 53 RCP 902 OSGOODE EXCEPT PT 1, 5R10235 ; OSGOODE
  • N/A
  • N
  • Crawl Space
  • Wall Unit(s)
  • Well

Rooms

Living RoomMain Level6.14 x 6.37
Living RoomMain Level3.09 x 5.86
Dining RoomMain Level2.59 x 4.16
KitchenMain Level2.79 x 4.16
Dining RoomSecond Level2.36 x 4.24
KitchenSecond Level3.58 x 4.24
Primary BedroomSecond Level3.98 x 5.94
BedroomSecond Level3.14 x 3.45
BedroomSecond Level2.87 x 3.12
BedroomSecond Level3.45 x 3.47
BathroomMain Level1.52 x 3.55
BathroomSecond Level1.82 x 2.43
Family RoomMain Level3 x 5.79

Schools Nearby

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FAQ

  • What is the total square footage of the X12465415 - 1429 Meadow Drive, Greely - Metcalfe - Osgoode - Vernon and Area, ON K4P 1B1?

    The total square footage of this property is 3000-3500 SqFt.

  • What schools near to X12465415 - 1429 Meadow Drive, Greely - Metcalfe - Osgoode - Vernon and Area, ON K4P 1B1?

    .

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