1370 Meadow Dr., Greely K4P1N3
$830,000
Property Features
- 💰 $60K+ Annual Rental Income – Strong cash flow, fully tenanted
- 🏡 Triplex on 1.1 Acres – Three updated units, one title
- 🛠️ VM3 Zoning – Build up to 10 units, no site plan
- 🧺 Modern Upgrades – Granite counters, in-unit laundry, updated mechanical systems
- 🌳 Future Development Ready – Mature trees, flat land, versatile lot
Property Summary
INCREDIBLE INVESTMENT OPPORTUNITY | TRIPLEX + 1.1 ACRES OF POTENTIAL | VM3 ZONING
Welcome to 1370 #1, #2 and 1380 Meadow Drive – a beautifully maintained century side-by-side duplex with a third separately contained unit, all under one ownership and nestled on 1.1 acres of versatile Village Mixed-Use (VM3) zoned land.
With a gross annual rental income of $60,000 this is a rare chance to own a fully reliably tenanted, cash-positive triplex that’s already performing – and still has room to grow. All three units have been extensively renovated over the past decade, including granite countertops, in-unit laundry, and modern electrical and mechanical systems (copper wiring, breaker panels, separate gas meters, updated furnaces & hot water tanks).
This one-of-a-kind property offers:
🌳 Mature trees, cleared land, and a gentle slope make the lot ideal for future development.
The VM3 zoning opens up a world of possibilities:
✅ Add more residential units (up to 10 without site plan approval)
✅ Develop a mechanic shop, dog park, retail or medical building
✅ Sever and sell as two building lots
✅ Build 5 townhomes or a low-rise mixed-use complex
✅ Hold for city services and long-term growth
Bonus: Sliver of land on the north side included, and all tenants pay via e-transfer. One carport structure needs attention—opportunity for removal or repurposing.
Whether you’re an investor, developer, or visionary homeowner, this rare income-generating property offers serious flexibility and upside.
📍 Just minutes from amenities and main transit routes—yet tucked into a peaceful, village-like setting.
Welcome to 1370 #1, #2 and 1380 Meadow Drive – a beautifully maintained century side-by-side duplex with a third separately contained unit, all under one ownership and nestled on 1.1 acres of versatile Village Mixed-Use (VM3) zoned land.
With a gross annual rental income of $60,000 this is a rare chance to own a fully reliably tenanted, cash-positive triplex that’s already performing – and still has room to grow. All three units have been extensively renovated over the past decade, including granite countertops, in-unit laundry, and modern electrical and mechanical systems (copper wiring, breaker panels, separate gas meters, updated furnaces & hot water tanks).
This one-of-a-kind property offers:
- Unit 1 (1370 #1): 2 bed, 2 bath with 2-car garage, gas furnace, in-unit laundry – leased at $1,750/month.
- Unit 2 (1370 #2): 2 bed, 1 bath, gas furnace – leased at $1,750/month.
- Unit 3 (1380/1368): 2 bed, 1 bath, electric heat, in-unit laundry – leased at $1,535/month.
🌳 Mature trees, cleared land, and a gentle slope make the lot ideal for future development.
The VM3 zoning opens up a world of possibilities:
✅ Add more residential units (up to 10 without site plan approval)
✅ Develop a mechanic shop, dog park, retail or medical building
✅ Sever and sell as two building lots
✅ Build 5 townhomes or a low-rise mixed-use complex
✅ Hold for city services and long-term growth
Bonus: Sliver of land on the north side included, and all tenants pay via e-transfer. One carport structure needs attention—opportunity for removal or repurposing.
Whether you’re an investor, developer, or visionary homeowner, this rare income-generating property offers serious flexibility and upside.
📍 Just minutes from amenities and main transit routes—yet tucked into a peaceful, village-like setting.
