1429 MEADOW DRIVE

$1,399,000
For Sale

1246687

Property ID

5

Bedrooms

3

Bathrooms

Description

Great low-maintenance investment opportunity! Beautifully renovated multi-faceted income property that provides multiple avenues for income generation.

This fully tenanted property features 2 residential units, a garage rental and quonset that sit on a huge 1.1 acre parcel of land in the beautiful town of Greely.

The main house features a 4bd unit (A) grossing $2345 and a 1 bedroom unit (B) grossing $1640. Additional sources of income include the insulated 3 bay garage at $1130 and a commercial-grade insulated Quonset rented at $1921. Producing a cap rate of just over 4%.

VM-3 zoning allows for even more potential with a plethora of permitted uses.

Conveniently located close to amenities, schools and parks.The perfect property to broaden your investment portfolio.

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RE/MAX Hallmark Pilon Group Realty
www.PilonGroup.com
Email: Info@PilonGroup.com
Direct: 613.909.8100

Address

Address: 1429 MEADOW DRIVE
  • Country: Canada
  • Province / State: Ontario
  • City / Town: Greely
  • Postal code / ZIP: K4P 1B1
Open on Google Maps
  • Property ID 1246687
  • Price $1,399,000
  • Property Type Duplex
  • Property status For Sale
  • Bedrooms 5
  • Bathrooms 3
  • Year Built 1875
  • Garages 4

Contact

homes@pilongroup.com
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