25
See all 25 photos
$979,900
Est. payment /mo
8 Beds
4 Baths
Active
150 Meadowlands DR W Meadowlands - Crestview And Area, ON K2G 2S5
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Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1100-1500
Subdivision 7302 - Meadowlands/Crestview
MLS Listing ID X12408746
Style Bungalow
Bedrooms 8
Annual Tax Amount $4,329
Tax Year 2025
Property Sub-Type Duplex
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!
Location
Province ON
County Ottawa
Community 7302 - Meadowlands/Crestview
Area Ottawa
Rooms
Family Room No
Basement Apartment
Kitchen 3
Separate Den/Office 4
Interior
Interior Features Accessory Apartment
Cooling Central Air
Fireplace No
Heat Source Gas
Exterior
Garage Spaces 1.0
Pool None
Roof Type Asphalt Shingle
Lot Frontage 75.0
Lot Depth 120.0
Total Parking Spaces 7
Building
Foundation Concrete Block
Others
ParcelsYN Yes
Listed by EXP REALTY
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