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

1429 Meadow Drive

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

  • 5 bed 3 bath
$990,000 est.*: $3,354/mo
For Sale

Added 1 week ago

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  • Type: Duplex

  • Style: 1 1/2 Storey

  • Lot Size: 184.95 x 190.58 Feet

  • Age: 100+ years

  • Taxes: $4,652 per year

  • Days on Site: 1 Days

  • Added: Feb 27, 2025 (1 week ago)

  • Updated:

  • Last Checked: 3 hours ago

  • MLS®#: X11991293

  • 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, 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!

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Property

  • Status: Sale

  • Property Type: Duplex

  • Style: 1 1/2 Storey

  • Age: 100+

  • Area: Greely - Metcalfe - Osgoode - Vernon and

  • Community: 1601 - Greely

  • Availability Date: As per tenancy

Inside

  • Bedrooms: 5

  • Bathrooms: 3

  • Kitchens: 2

  • Rooms: 13

  • Den/Family Room: Yes

  • Air Conditioning: Wall Unit

  • Fireplace: No

  • Central Vacuum: N

  • Washrooms: 3

Utilities

  • Electricity: Yes

  • Gas: Yes

  • Cable: Yes

  • Telephone: Yes

Building

  • Basement: Crawl Space

  • Heat Type: Forced Air

  • Heat Source: Gas

  • Exterior: Vinyl Siding

  • Water Supply Type: Drilled Well

  • Water Supply: Well

  • Special Designation: Unknown

  • Other Structures: Drive Shed

  • Other Structures: Workshop

  • Retirement: N

Parking

  • Garage Spaces: 2

  • Garage Type: Detached

  • Covered Parking Spaces: 6

  • Total Parking Spaces: 8

Fees

  • Tax Year: 2024

  • Tax Legal Description: PT LT 53 RCP 902 OSGOODE EXCEPT PT 1, 5R10235 ; OSGOODE

  • Taxes: $4,652

Land

  • Cross Street: Bank Street and Park

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

  • Fronting On: North

  • Pool: None

  • Sewer: Septic

  • Lot Depth: 190.58 Feet

  • Lot Frontage: 184.95 Feet

  • Lot Irregularities: Irregular

  • Zoning: VM3 - Village Mi

  • Water Body Type: Creek

  • Water Delivery Features: Water Treatmnt

Rooms

Room details for 1429 Meadow Drive, Greely - Metcalfe - Osgoode - Vernon and

Type Dimensions
Living Main 6.14 x 6.37
Living Main 3.09 x 5.86
Dining Main 2.59 x 4.16
Kitchen Main 2.79 x 4.16
Dining 2nd 2.36 x 4.24
Kitchen 2nd 3.58 x 4.24
Prim Bdrm 2nd 3.98 x 5.94
Br 2nd 3.14 x 3.45
Br 2nd 2.87 x 3.12
Br 2nd 3.45 x 3.47
Bathroom Main 1.52 x 3.55
Bathroom 2nd 1.82 x 2.43
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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
Join or Sign in • See photos & sold data
Sold Feb 03, 2023
$X,XXX,XXX
  • — bath
  • — bed

1609 STONECROP Avenue, Greely - Metcalfe - Osgoode - Vernon and, Ontario • K4P 0E6

Join or Sign in • See photos & sold data
Sold Nov 02, 2018
$XXX,XXX
  • — bath
  • — bed

1898 Cedarlakes Way, Greely - Metcalfe - Osgoode - Vernon and, Ontario • K4P 0E4

Join or Sign in • See photos & sold data
Sold Aug 21, 2020
$XXX,XXX
  • — bath
  • — bed

6784 Cedar Acres Drive, Greely - Metcalfe - Osgoode - Vernon and, Ontario • K4P 1G3

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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