1429 Meadow Drive

ActiveGreely - Metcalfe - Osgoode - Vernon and Area157 days on marketMLS® X12465411

$949,000

$20 / sq ft

Bedrooms0

Bathrooms3

Interior47,792 sq ft

Lot Size1 sq ft

TypeCommercial

ListingFor Sale

Days on Market157

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!

Features & finishes

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Air Conditioning

Basement

Property details

MLS® Number	X12465411
Status	Active
Listing Type	For Sale
Property Type	Commercial
Interior Size	47,792 sq ft
Lot Size	1 sq ft
Beds / Baths	0 bed · 3 bath
City	Greely - Metcalfe - Osgoode - Vernon and Area
Postal Code	K4P 1B1
Province	ON
Listed Date	March 3, 2026
Days on Market	157
Price per Sq Ft	$20
Brokerage	EXIT REALTY MATRIX