ON > Ottawa > 7302 - Meadowlands-Crestview
Ottawa, ON K2G2S5,150 MEADOWLANDS DRIVE W
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Ottawa, ON K2G2S5,150 MEADOWLANDS DRIVE W
Ottawa, ON K2G2S5,150 MEADOWLANDS DRIVE W
Ottawa, ON K2G2S5,150 MEADOWLANDS DRIVE W
Ottawa, ON K2G2S5,150 MEADOWLANDS DRIVE W
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AJ Hazzi

AJ Hazzi

+1(250) 717-3133
$ 979,900
Est. payment /mo
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Active

150 MEADOWLANDS DRIVE W Ottawa, ON K2G2S5

8 Beds

4 Baths

1,100 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,100 sqft

Price per Sqft $890

Subdivision 7302 - Meadowlands/Crestview

MLS® Listing ID X12408746

Style Bungalow

Bedrooms 8

Half Baths 1

Source Ottawa Real Estate Board

Property Description

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:24570)

Location

Province ON

Rooms

Kitchen 2.0

Extra Room 1 Basement 2.59 m X 2.34 m Bedroom

Extra Room 2 Basement 2.9 m X 3.78 m Bedroom

Extra Room 3 Basement 3.61 m X 3.23 m Bedroom

Extra Room 4 Basement 3.02 m X 3.23 m Bedroom

Extra Room 5 Basement 2.31 m X 1.5 m Bathroom

Extra Room 6 Basement 1.98 m X 2.13 m Bathroom

Interior

Heating Forced air

Cooling Central air conditioning

Exterior

Parking Features Yes

View Y/N No

Total Parking Spaces 7

Private Pool No

Building

Story 1

Sewer Sanitary sewer

Architectural Style Bungalow

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Listed by EXP REALTY
AJ Hazzi

AJ Hazzi

Broker | License ID: 1390206

+1(250) 717-3133

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