1429 MEADOW DRIVE - Photo 1 of 37, Ottawa, Ontario
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$949,000

1429 MEADOW DRIVE — Ottawa, Ontario

K4P1B1

5Beds
3Baths
8Parking

Listed by EXIT REALTY MATRIX

About This Property

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! (id:63357)

Property Details

Property Type
Multi-Unit
Bedrooms
5
Bathrooms
3
Stories
1.5
Status
Active

Location & Neighborhood

What's nearby 1429 MEADOW DRIVE

Lifestyle Summary

Nestled at 1429 Meadow Drive, this property is an ideal haven for those who value efficient transit access. Just a quick 2-minute stroll away, you’ll find the Parkway / Meadow bus stop, providing seamless connections to the broader Ottawa area. This proximity allows for a stress-free morning commute to work or leisurely outings without the hassle of a long drive. Imagine stepping out your front door and easily hopping on public transit, giving you more time to enjoy your evenings and weekends. On weekends, embrace the natural beauty that surrounds you. A mere 6-minute walk leads you to Andy Shields Park, a perfect spot for morning jogs or leisurely strolls with your dog. If you're in the mood for a family picnic, Greely Village Park is just a 7-minute walk, offering ample green space for outdoor games and relaxation under the sun. For those who prefer a bit of adventure, Herb Johnston Park is an 8-minute walk away, featuring walking trails that invite exploration and connection with nature. These parks provide a serene escape from daily routines without the need to get in the car. Families will appreciate the convenience of Greely Elementary School, located just 6 minutes away on foot. The easy walk to school allows children to enjoy a bit of independence while parents can take comfort in knowing they’re just a short distance away. The school’s proximity also fosters a strong sense of community, where neighbors can easily come together during school events or casual meet-ups at the nearby parks. Even though dining and shopping options are limited within an 800-meter radius, this encourages a lifestyle centered around local parks and outdoor activities. Your evenings could be spent unwinding in the tranquility of your surroundings, with the option to venture a bit further afield for dining experiences. Living at 1429 Meadow Drive means embracing a lifestyle that prioritizes connection, community, and convenience, all while being surrounded by nature’s beauty.

Nearby Schools

Parks & Recreation

Transit Access

POI data updated recently

Price History

$949,000

Jan 28, 2026

$16,000

-1.7%

Ottawa Market Snapshot

3,030

Active Listings

$665K

Median Price

0

Avg Days on Market

Last updated: Jan 30, 2026

Listed by

EXIT REALTY MATRIX

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$949,000