Favorite
print Print
share Share
iso Calculate Mortgage
For Sale

$979,900

150 MEADOWLANDS DRIVE W , Ottawa, Ontario K2G2S5

4+4 Beds 4 Baths 1 Partial Bath

Remarks

Amazing cash-flowing investment with outstanding future development potential! This spacious bungalow with a legal secondary unit sits on a prime 75ft x 120ft corner lot, currently grossing $6,800/month from two 4-bed, 2-bath with a net income of over $64,000/yr- 6.5%+ CAP RATE! The upper level has been beautifully renovated, featuring 4 generous bedrooms (including one with a 2-piece ensuite), a stylish modern kitchen, a large 5-piece bathroom, in-unit laundry, and bright open living space. The legal lower level unit offers 4 well-sized bedrooms, two stunning 4-piece bathrooms, and a sleek open-concept layout with high-end finishes throughout. Both units are highly desirable and very easy to rent, with excellent tenants already in place. Located within walking distance to Algonquin College, the future LRT, and College Square, with bus service right at your doorstep, this property offers unbeatable accessibility. Beyond the strong cashflow, the newly proposed Minor Corridor 2 (CM2) zoning unlocks incredible development potential permitting a 4-storey building with a footprint of 5,500+sqft. and the opportunity to create over 25,000sqft. of living space. This is a rare chance to secure steady income today while planning for exceptional future returns! (id:7526)

Property Summary

  • Neighbourhood: 7302 - Meadowlands/Crestview
  • Lot Frontage: 75.0 Feet
  • Lot Depth: 120.0 Feet
  • Lot Size: 75 x 120 FT
  • No. of Parking Spaces: 7
  • Bedrooms: 4+4
  • Bathrooms (Total): 4
  • Bathrooms (Partial): 1

Property Features:

  • Ownership Type:
    Freehold
  • Parking Type:
    Attached garage , Garage
  • Property Type:
    Single Family
  • Sewer:
    Sanitary sewer

Building Features:

  • Appliances:
    Water meter , Dishwasher , Dryer , Hood Fan , Microwave , Two stoves , [] , []
  • Architectural Style:
    Bungalow
  • Basement Type:
    N/A
  • Building Type:
    House
  • Construction Style - Attachment:
    Detached
  • Cooling Type:
    Central air conditioning
  • Exterior Finish:
    Brick
  • Foundation Type:
    Block
  • Heating Fuel:
    Natural gas
  • Heating Type:
    Forced air

Rooms

  • Bedroom:
    Level: Basement 2.59 m x 2.34 m
  • Bedroom:
    Level: Basement 2.90 m x 3.78 m
  • Bedroom:
    Level: Basement 3.61 m x 3.23 m
  • Bedroom:
    Level: Basement 3.02 m x 3.23 m
  • Bathroom:
    Level: Basement 2.31 m x 1.50 m
  • Bathroom:
    Level: Basement 1.98 m x 2.13 m
  • Laundry:
    Level: Basement 0.91 m x 0.91 m
  • Living:
    Level: Basement 5.44 m x 3.23 m
  • Kitchen:
    Level: Basement 2.54 m x 3.23 m
  • Living:
    Level: Main 3.23 m x 3.86 m
  • Kitchen:
    Level: Main 4.50 m x 3.66 m
  • Bedroom:
    Level: Main 4.19 m x 3.12 m
  • Bedroom:
    Level: Main 2.72 m x 2.95 m
  • Bedroom:
    Level: Main 4.29 m x 3.15 m
  • Bedroom:
    Level: Main 4.65 m x 3.53 m
  • Bathroom:
    Level: Main 2.72 m x 1.47 m
  • Bathroom:
    Level: Main Measurements not available

Listing courtesy of: 

EXP REALTY

Powered by: REALTOR.ca
Lifestyle
Neighbourhood Info

Get More Info

Security Image

Book a tour

Security Image