150 Meadowlands Drive W Ottawa, Ontario K2G 2S5
$979,900
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 $65,000/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:19720)
Property Details
| MLS® Number | X12408746 |
| Property Type | Single Family |
| Community Name | 7302 - Meadowlands/Crestview |
| Parking Space Total | 7 |
Building
| Bathroom Total | 4 |
| Bedrooms Above Ground | 4 |
| Bedrooms Below Ground | 4 |
| Bedrooms Total | 8 |
| Appliances | Water Meter, Dishwasher, Dryer, Hood Fan, Microwave, Two Stoves, Two Washers, Two Refrigerators |
| Architectural Style | Bungalow |
| Basement Features | Apartment In Basement |
| Basement Type | N/a |
| Construction Style Attachment | Detached |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Brick |
| Foundation Type | Block |
| Half Bath Total | 1 |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 1 |
| Size Interior | 1,100 - 1,500 Ft2 |
| Type | House |
| Utility Water | Municipal Water |
Parking
| Attached Garage | |
| Garage |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Depth | 120 Ft |
| Size Frontage | 75 Ft |
| Size Irregular | 75 X 120 Ft |
| Size Total Text | 75 X 120 Ft |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Basement | Bedroom | 2.59 m | 2.34 m | 2.59 m x 2.34 m |
| Basement | Bedroom | 2.9 m | 3.78 m | 2.9 m x 3.78 m |
| Basement | Bedroom | 3.61 m | 3.23 m | 3.61 m x 3.23 m |
| Basement | Bedroom | 3.02 m | 3.23 m | 3.02 m x 3.23 m |
| Basement | Bathroom | 2.31 m | 1.5 m | 2.31 m x 1.5 m |
| Basement | Bathroom | 1.98 m | 2.13 m | 1.98 m x 2.13 m |
| Basement | Laundry Room | 0.91 m | 0.91 m | 0.91 m x 0.91 m |
| Basement | Living Room | 5.44 m | 3.23 m | 5.44 m x 3.23 m |
| Basement | Kitchen | 2.54 m | 3.23 m | 2.54 m x 3.23 m |
| Main Level | Living Room | 3.23 m | 3.86 m | 3.23 m x 3.86 m |
| Main Level | Kitchen | 4.5 m | 3.66 m | 4.5 m x 3.66 m |
| Main Level | Bedroom | 4.19 m | 3.12 m | 4.19 m x 3.12 m |
| Main Level | Bedroom | 2.72 m | 2.95 m | 2.72 m x 2.95 m |
| Main Level | Bedroom | 4.29 m | 3.15 m | 4.29 m x 3.15 m |
| Main Level | Bedroom | 4.65 m | 3.53 m | 4.65 m x 3.53 m |
| Main Level | Bathroom | 2.72 m | 1.47 m | 2.72 m x 1.47 m |
| Main Level | Bathroom | Measurements not available |
https://www.realtor.ca/real-estate/28873787/150-meadowlands-drive-w-ottawa-7302-meadowlandscrestview
Contact Us
Contact us for more information
Nick Lalonde
Salesperson
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343 Preston Street, 11th Floor
Ottawa, Ontario K1S 1N4
(866) 530-7737
(647) 849-3180
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September 17 2025 07:55:27
Ottawa Real Estate Board
Exp Realty