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$979,900
Available - For Sale
Listing ID: X12408746
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!
Price $979,900
Taxes: $4,329
Assessment Year: 2025
Occupancy by: Tenant
Address: 150 Meadowlands Driv West , Meadowlands - Crestview and Area, K2G 2S5, Ottawa
Directions/Cross Streets: Meadowlands & Sullivan
Rooms: 17
Bedrooms: 4
Bedrooms +: 4
Washrooms: 4
Family Room: F
Basement: Apartment
  Level/Floor Room Length(ft) Width(ft) Descriptions
Room 1: Main Living Ro 10.59 12.66 Combined w/Dining
Room 2: Main Kitchen 14.76 12.00 Eat-in Kitchen, Combined w/Laundry
Room 3: Main Bedroom 13.74 10.23
Room 4: Main Bedroom 8.92 9.68
Room 5: Main Bedroom 14.07 10.33
Room 6: Main Bedroom 15.25 11.58
Room 7: Main Bathroom 8.92 4.82 5 Pc Bath
Room 8: Main Bathroom 0 0 2 Pc Ensuite
Room 9: Basement Living Ro 17.84 10.59
Room 10: Basement Kitchen 8.33 10.59
Room 11: Basement Bedroom 8.50 7.68
Room 12: Basement Bedroom 9.51 12.40
Room 13: Basement Bedroom 11.84 10.59
Room 14: Basement Bedroom 9.91 10.59
Room 15: Basement Bathroom 7.58 4.92 4 Pc Bath
No. of Pieces Level
Washroom 1:  5 Main
Washroom 2:  2 Main
Washroom 3:  4 Basement
Washroom 4:  4 Basement
Washroom 5:  0
Washroom 6:  5 Main
Washroom 7:  2 Main
Washroom 8:  4 Basement
Washroom 9:  4 Basement
Washroom 10:  0
Property Type: Detached
Style: Bungalow
Exterior: Brick
Garage Type: Attached
Drive Parking Spaces: 6
Pool: None
Approximatly Square Footage: 1100-1500
CAC Included: N
Water Included: N
Cabel TV Included: N
Common Elements Included: N
Heat Included: N
Parking Included: N
Condo Tax Included: N
Building Insurance Included: N
Fireplace/Stove: N
Heat Type: Forced Air
Central Air Conditioning: Central Air
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Sewers: Sewer
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EXP REALTY

150 Meadowlands Driv West , Meadowlands - Crestview and Area, K2G 2S5, Ottawa


 
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At a Glance:
Type: Freehold - Detached
Area: Ottawa
Municipality: Meadowlands - Crestview and Area
Neighbourhood: 7302 - Meadowlands/Crestview
Style: Bungalow
Lot Size: x 120.00(Feet)
Approximate Age:
Tax: $4,329
Maintenance Fee: $0
Beds: 4+4
Baths: 4
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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