1370 Meadow Dr., Greely ON K0A 2W0

$699,000
  • Ref: 1363804
  • Type: Triplex
  • Availability: For Sale
  • Bedrooms: 6
  • Bathrooms: 4
  • Parking: Driveway
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Property Features

  • Renovated Triplex
  • Reliable Tenant Occupied
  • $5,000 monthly cashflow
  • 7% Cap Rate
  • VM3 Zoning: Village Mixed Use

Property Summary

Check out this amazing century side-by-side with a third unit under one ownership. 7% cap with current rents totalling $5,000 each month. With so much potential for more income with 1.1 acres VM3 zoning, allowing for many additional uses such as: more units, outside storage, mechanic shop, place of worship, retail, dog park, medical building, gas station ext.. All units have been extensively updated over the past 10 years. Granite counters in all units. The 1.1 acre is lined with mature trees, cleared and low sloping. All units have copper wiring, breaker panels, separate gas meters, and in unit laundry. From 2016-2022 both furnaces and 3 owned hot water tanks replaced. The second piece of land shown in the last picture on the north side of the property is included. Great long-term tenants that reliably pay rent via e-transfer every month.