$979,900
Available - For Sale
Listing ID: X12408746
150 Meadowlands Driv West , Meadowlands - Crestview and Area, K2G 2S5, Ottawa
| 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: | $4329.00 |
| Assessment Year: | 2025 |
| Occupancy: | Tenant |
| Address: | 150 Meadowlands Driv West , Meadowlands - Crestview and Area, K2G 2S5, Ottawa |
| Directions/Cross Streets: | Meadowlands & Sullivan |
| Rooms: | 17 |
| Bedrooms: | 4 |
| Bedrooms +: | 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 | 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 | 2 Pc Ensuite | ||
| Room 9 | Basement | Living Ro | 17.84 | 10.59 | |
| Room 10 | Basement | Kitchen | 8.33 | 10.59 | |
| Room 11 | Basement | Bedroom | 8.5 | 7.68 | |
| Room 12 | Basement | Bedroom | 9.51 | 12.4 | |
| 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 |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 5 | Main |
| Washroom Type 2 | 2 | Main |
| Washroom Type 3 | 4 | Basement |
| Washroom Type 4 | 4 | Basement |
| Washroom Type 5 | 0 |
| Total Area: | 0.00 |
| 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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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| EXP REALTY |
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Sumit Chopra
Broker
Dir:
647-964-2184
Bus:
905-230-3100
Fax:
905-230-8577
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Freehold - Detached |
| Area: | Ottawa |
| Municipality: | Meadowlands - Crestview and Area |
| Neighbourhood: | 7302 - Meadowlands/Crestview |
| Style: | Bungalow |
| Tax: | $4,329 |
| Beds: | 4+4 |
| Baths: | 4 |
| Fireplace: | N |
| Pool: | None |
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