$949,000
FOR SALE

Duplex 1 1/2 Storey

Bedrooms: 5Bathrooms: 3Lot: 184.95 x 190.58 ft
2024 Taxes: $4,651.71

1429 Meadow Dr
Greely - Metcalfe - Osgoode - Vernon And Area, ON K4P 1B1 | 1601 - Greely | Ottawa

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!
Extras
Storage, Water Purifier
Share
Listed By EXIT REALTY MATRIX
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X12465415
Last Updated Feb 06, 2026
Property Summary
Property Type Duplex

More like this:
Legal Description PT LT 53 RCP 902 OSGOODE EXCEPT PT 1, 5R10235 ; OSGOODE
Possession Date As per tenancy
Taxes (2024) $4,651.71
Directions/Cross Streets Bank Street and Parkway Road
Neighbourhood 1601 - Greely
Area Ottawa
Price History

Interested in obtaining the full price history for this property?
Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.

Detailed Information
Fronting On North
Special Designations Unknown
Included Cable TV
Bedrooms 5
Bathrooms 3
Lot 184.95 x 190.58 ft
Exterior Vinyl Siding
Air Conditioning Wall Unit(s)
Family Room Y
Basement Crawl Space
Garage Type Detached
Garage/Park Spaces Y
Parking Spaces 6
Heat Source Gas
Heat Type Forced Air
Sewers Septic
Water Drilled Well

The information contained on this site is based in whole or in part on information that is provided under copyright by the Toronto Regional Real Estate Board (TRREB) or by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. TRREB and CREA reproduce and distribute this information as a service for their members and assume no responsibility for its accuracy. All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations of any kind are made with respect to the accuracy of such information.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.

FREE ESTIMATES ARE COMING

Reserve Your Spot To Be Notified
or

Coming soon to select cities
in North America

(We'll never share your details)