1429 MEADOW DRIVE

$1,399,000

House
$1,399,000
5 Bedrooms
3 Bathrooms
10 Parking Spaces

Great low-maintenance investment opportunity! Beautifully renovated multifaceted income property that provides multiple avenues for income generation. This fully tenanted property features 2 residential units, a garage rental and quonset that sit on a huge 1.1 acre parcel of land in the beautiful town of Greely. The main house features a 4bd unit (A) grossing $2345 and a 1 bedroom unit (B) grossing $1640. Additional sources of income include the insulated 3 bay garage at $1130 and a commercial-grade insulated Quonset rented at $1921. Producing a cap rate of just over 4%. VM-3 zoning allows for even more potential with a plethora of permitted uses. Conveniently located close to amenities, schools and parks.The perfect property to broaden your investment portfolio. (id:13118)


Essential Information

Listing #
1274684
Price:
$1,399,000 
Year Built:
1875
Total Bedrooms:
5
Total Bathrooms:
3
Half Baths:
0
Property Type:
Single Family
Basement:
Crawl space (Not Applicable)
Transaction:
For sale

Property Specifications

Parking Spaces:
10
Maintenance Fees:
 
Heating:
Baseboard heaters, Heat Pump
Cooling:
Central air conditioning
Fireplace Type:
-

Listing Details

Last Updated:
2022, 13 Jan 
Listing Office:
RE/MAX HALLMARK PILON GROUP REALTY
Virtual Tour:
Click Here 

See what's nearby:

This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association
The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA.