1370 Meadow Drive Ottawa, Ontario K4P 1N3
$699,000
Century side-by-side with a third unit under one ownership. Yearly rents of $60,420. Cash flow of $48942 With potential to add more income with 1.1 acres VM3 zoning, allowing for many additional uses such as: adding units, outside storage, mechanic shop, place of worship, retail, dog park, medical building and more. or tear down and build 5 town houses or sever into two building lots or build massive commercial res split use. Or hold for City services. Buyer to Confirm with City for any future builds. All units have active leases till August 2024and2025. Units have Granite countertops 2bed and private laundry. All units have copper wiring, breaker panels, separate gas meters. Two high efficiency furnaces and 3 owned hot water tanks. The 1.1 acre is lined with mature trees, cleared and low sloping. The second piece of land attached on the north side is included. Great long-term tenants that pay rent via e-transfer every month. listing agent is owner. Inside pictures are 2 years old. (id:43934)
Property Details
| MLS® Number | 1376597 |
| Property Type | Multi-family |
| Neigbourhood | Greely |
| Amenities Near By | Airport |
| Communication Type | Internet Access |
| Easement | None |
| Parking Space Total | 8 |
| Road Type | Paved Road |
Building
| Basement Development | Unfinished |
| Basement Features | Low |
| Basement Type | Crawl Space (unfinished) |
| Constructed Date | 1870 |
| Construction Style Attachment | Attached |
| Cooling Type | None |
| Exterior Finish | Aluminum Siding, Siding |
| Fireplace Present | Yes |
| Fireplace Total | 1 |
| Flooring Type | Laminate, Vinyl |
| Foundation Type | Poured Concrete, Stone |
| Heating Fuel | Electric, Natural Gas |
| Heating Type | Baseboard Heaters, Forced Air |
| Stories Total | 2 |
| Type | Triplex |
| Utility Water | Drilled Well |
Parking
| Attached Garage | |
| Carport | |
| Surfaced |
Land
| Acreage | Yes |
| Current Use | Development Residential |
| Land Amenities | Airport |
| Sewer | Septic System |
| Size Depth | 358 Ft ,2 In |
| Size Frontage | 146 Ft ,11 In |
| Size Irregular | 1.12 |
| Size Total | 1.12 Ac |
| Size Total Text | 1.12 Ac |
| Zoning Description | Vm3 |
https://www.realtor.ca/real-estate/26497892/1370-meadow-drive-ottawa-greely
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April 24 2024 04:56:13
Ottawa Real Estate Board
Solid Rock Realty