1429 Meadow Drive, Greely - Metcalfe - Osgoode - Vernon and | Image 1

1429 Meadow Drive

Greely - Metcalfe - Osgoode - Vernon and, 1601 - Greely

  • Commercial

$990,000
For Sale

Added 1 month ago

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  • Type: Commercial/Retail

  • Property Type: Commercial

  • Business Type: Automotive Related

  • Zoning: VM3 - Village Mi

  • Age: 51-99 years

  • Taxes: 5420

  • MLS®#: X11991294

  • Days on Site: 12 Days

  • Added: Feb 27, 2025 (1 month ago)

  • Updated:

  • Last Checked: 4 weeks ago

  • Listed By: EXIT REALTY MATRIX

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 $2,375/month. Unit B: A cozy 1-bedroom, 1-bath unit, bringing in $1,691/month. Additional income sources include: Insulated 2-bay garage: Renting for $1,130/month + utilities. 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 $2,090.50/month + utilities. Cap Rate of 6.19%%, this property is both a stable and high-potential addition to any investment portfolio. 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!

Property

  • Status: Sale

  • Type: Automotive Related

  • Property Type: Commercial/Retail

  • Property Type: Multi-Use

  • Age: 51-99

  • Net Income: 62536

  • Area: Greely - Metcalfe - Osgoode - Vernon and

  • Community: 1601 - Greely

  • Availability Date: TBD

Inside

  • Bathrooms: 3

  • Air Conditioning: Y

  • Washrooms: 3

Utilities

  • Utilities: Yes

Building

  • Heat Type: Gas Forced Air Open

  • Freestanding: Y

  • Outside Storage: Y

  • Water Supply: Well

  • Physically Handicapped-Equipped: N

Parking

  • Garage Type: Double Detached

  • Covered Parking Spaces: 8

Fees

  • Tax Year: 2024

  • Taxes: $5,420

  • Expenses: Act

  • Management Expense: 2632

  • Insurance Fee: 3312

  • Operating Fees: 25185

  • Hydro Expense: 5728

  • Heat Expenses: 1209

  • Other Expenses: 3597

  • Taxes Type: Annual

  • Taxes: 4652

  • Tax Year: 2024

  • Water Fees: 548

Land

  • Cross Street: Bank Street and Park

  • Municipality District: Greely - Metcalfe - Osgoode - Vernon and Are

  • Parcel Number: 043150094

  • Sewer: Septic

  • Lot Depth: 190.58 Acres

  • Lot Frontage: 184.95 Acres

  • Lot Irregularities: Irregular

  • Zoning: VM3 - Village Mi

Shipping Doors

  • Drive Height (ft): 7

  • Drive Width (ft): 8

Commercial Specific

  • Shipping Doors Drive In Level: 3

  • Retail Area: 2069

  • Retail Area Metric: Sq Ft

  • Sprinklers: N

  • Total Area: 47792

  • Total Area Metric: Sq Ft

  • Lot Code: Building

  • Survey: N

  • Vacancy Allowance: 2193

  • Financial Statement: Y

  • Gross Income/Sales: 87720

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Car-Dependent

  • Most errands require a car.
42 /100

Minimal Transit

  • Almost all errands require a car.
5 /100

Somewhat Bikeable

  • Most errands require a car.
43 /100
Map of 1429 Meadow Drive, Greely - Metcalfe - Osgoode - Vernon and
JK-8

Vimy Ridge Public School

Elementary: Public
7.14 km
JK-6

Greely Elementary School

Elementary: Public
0.48 km
JK-8

Metcalfe Public School

Elementary: Public
7.56 km
7-8

St Mark Intermediate School

Elementary: Catholic
7.32 km
JK-6

St Mary (Gloucester) Elementary School

Elementary: Catholic
2.17 km
JK-8

Castor Valley Elementary School

Elementary: Public
6.05 km
9-12

École secondaire publique L'Alternative

Secondary: Public
14.22 km
9-12

École secondaire des adultes Le Carrefour

Secondary: Public
14.23 km
9-12

Osgoode Township High School

Secondary: Public
7.87 km
9-12

St Mark High School

Secondary: Catholic
7.34 km
9-12

St. Francis Xavier (9-12) Catholic School

Secondary: Catholic
9.33 km
9-12

Canterbury High School

Secondary: Public
14.92 km

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