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! (id:25961)
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Rooms
| Level | Type | Dimensions |
|---|
Details
- Features: Irregular lot size
- Parking Spaces: 8
- Transaction: For sale
- Zoning Description: VM3 - Village Mixed-Use Subzone 3
Building
- Appliances: Dishwasher, Dryer, Hood Fan, Washer
- Cooling: Fully air conditioned
- Fireplace Present: False
- Bathrooms (Total): 3
- Heating: Forced air
- Heating Fuel: Natural gas
- Size Exterior: 47792 sqft
- Size Interior: 47792 sqft
- Utility Water: Drilled Well
Land
- Sewer: Septic System
- Size Irregular: Bldg=184.95 x 190.58 Acre ; Irregular
Listing provided by EXIT REALTY MATRIX
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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 1429 MEADOW DRIVE in Ottawa Ontario. It was last modified on October 16th, 2025. Contact Biju George to schedule a viewing or to discover other Ottawa real estate for sale.