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$979,900
Ontario,Ottawa
For Sale Active
150 MEADOWLANDS DRIVE W, Ottawa, Ontario K2G2S5
  • 8
  • 4
  • 1,500 Sqft
Basic Details
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:62650)

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Basic Details
  • Property Type: Residential
  • Listing Type: For Sale
  • Listing ID: X12408746
  • Price: $979,900
  • Bedrooms: 8
  • Bathrooms: 4
  • Half Bathrooms: 1
  • Square Footage: 1,500 Sqft
  • Status: Active
  • Property Sub Type: Single Family
  • Office Key: 280312
Features & Appliances
Features
  • Heating System: Forced air, Natural gas
  • Cooling System: Central air conditioning
  • Basement: N/A, Apartment in basement
  • Parking: Garage, Attached Garage
  • Architectural Style: Bungalow
  • Exterior Features: Brick
  • Sewer: Sanitary sewer
Address Map
  • Location: CA, Ontario, Ottawa, K2G2S5
  • Street: Meadowlands
  • Street Number: 150
  • Street Suffix: Drive
  • Longitude: W76° 14' 53.4''
  • Latitude: N45° 20' 37.1''
  • Street Dir Suffix: West
Additional Information
  • Water Source:
  • Foundation Details:
  • Lot Size Dimensions: 75 x 120 FT
  • Stories: 1.0
Financial
  • Tax Annual Amount: 4329
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Listing updated: 2025-09-19 03:49:36
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Listing Information
  • List Agent Key: 1893553
  • List Office Key: 280312
  • Modification Timestamp: 2025-09-17T20:40:37Z
  • Originating System Name: Ottawa Real Estate Board
  • Status Change Timestamp: 2025-09-17T20:25:28Z
Powered by REALTOR.ca
Listing updated: 2025-09-19 03:49:36

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These forms are provided to ComFree’s Unrepresented Sellers as a part of their Mere Posting ComFree Listing Contract and in partnership with Zubic Law.

I acknowledge I can only access these forms as a ComFree customer under contract.

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