LOADING

1370 Meadow Drive Ottawa, Ontario K4P 1N3

Fireplace None Baseboard Heaters, Forced Air Acreage

$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:46679)

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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