CAONNepean150 Meadowlands Dr W
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150 Meadowlands Dr W, Nepean, ON

Real Estate

Sold

$--,---,---
$979,900

846

MLS® X12408746

  • Key Facts
  • Description
  • Rooms
  • Map

Key Facts

Type Duplex
Levels Residential
Size -
Garage Yes
Taxes $4,329
Lot Size 
Approx. Age 
MLS® Number X12408746

Property Address: 150 Meadowlands Dr W, Nepean, ON, K2G2S5

Average square foot calculated using Size range provided by listing agent.

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!Show Description
MLS® NumberX12408746
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age
BasementApartment
DrivewayGarage Type:Attached
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Rooms

Show Details
Laundry:Basement2.99 × 2.99 ft

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Commute

Starting Address
Destination Address
150 Meadowlands Dr W, Nepean, ON

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