Exceptional Freehold in a Prime Location! This well-maintained detached property features two spacious 3-bedroom units and a fully equipped, self-contained basement bachelor suite, offering an ideal combination of multi-generational living and income potential. Conveniently located with direct bus service to Carleton University and Algonquin College, the property is also within walking distance of shops, restaurants, Hog's Back Park, and Mooney's Bay.The main-floor unit features a bright and spacious living room, a well-maintained kitchen, and three generously sized bedrooms. The second-floor unit offers a similar layout, with a bright living area, a functional kitchen, and three spacious bedrooms. Both units enjoy private balconies overlooking the fully fenced backyard. The finished basement features a self-contained bachelor suite with a full bathroom, kitchen, and separate exterior entrance.The property has been exceptionally well maintained, both inside and out, and offers abundant natural light, a desirable orientation, and a private, fully fenced backyard with no rear neighbours. Additional highlights include a six-car driveway, private balconies, in-unit laundry facilities, ample storage space with multiple basement storage areas, a dedicated cold room, and a backyard storage shed.This freehold detached property is fully tenanted, with current occupants consisting of students and young professionals. Generating approximately $60,000 in annual rental income, it offers an attractive income-producing opportunity with a flexible multi-unit layout and long-term appreciation potential. An excellent turnkey investment for investors seeking immediate rental income, or an appealing option for owner-occupiers looking to offset housing costs with additional rental income.A rare opportunity to own a versatile, income-generating property in one of Ottawa's sought-after rental locations. Book your showing today! (id:25961)
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Rooms
| Level | Type | Dimensions |
|---|---|---|
| Kitchen | Second level | 3.47 m x 3.04 m |
| Dining room | Second level | 3.47 m x 2.13 m |
| Bedroom | Second level | 3.96 m x 3.17 m |
| Bedroom | Second level | 3.96 m x 3.04 m |
| Bedroom | Second level | 3.47 m x 2.92 m |
| Living room | Second level | 4.29 m x 3.45 m |
| Bedroom | Basement | 7.01 m x 6.4 m |
| Bedroom | Main level | 3.96 m x 3.17 m |
| Bedroom | Main level | 3.96 m x 3.04 m |
| Bedroom | Main level | 3.47 m x 2.92 m |
| Dining room | Main level | 3.47 m x 2.13 m |
| Kitchen | Main level | 3.47 m x 3.04 m |
| Living room | Main level | 4.29 m x 3.45 m |
Details
- Equipment: Water Heater
- Features: Guest Suite
- Parking Spaces: 6
- Rental Equipment: Water Heater
- Transaction: For sale
Building
- BasementType: N/A (Finished)
- Basement Development: Finished
- Bedrooms Main Level: 7
- Cooling: Central air conditioning
- Exterior Finish: Stucco, Brick
- Fireplace Present: False
- Foundation: Concrete
- Bathrooms (Total): 3
- Heating: Forced air
- Heating Fuel: Natural gas, Other
- Size Interior: 2000 - 2500 sqft
- Stories Total: 2
- Type: Duplex
- Utility Water: Municipal water
Land
- Sewer: Sanitary sewer
- Size Frontage: 88 ft ,9 in
- Size Irregular: 88.8 x 105 FT
Listing provided by HOME RUN REALTY INC.
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 1023 MEADOWLANDS DRIVE in Ottawa Ontario. It was last modified on August 7th, 2026. Contact Biju George to schedule a viewing or to discover other Ottawa homes for sale.