1429 Meadow Drive
GreelyOttawa, ONK4P 1B1Near Bank Street and Parkway Road
- 5 beds
3 upcoming open houses
Drop in during an open house, or tour online — no appointment needed.
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What this listing tells us
Incredible Investment Opportunity! This beautifully renovated, fully tenanted income property offers multiple revenue streams on a sprawling 1.09-acre lot in the heart of Greely. Boasting VM-3 zoning, this versatile property provides endless potential for investors. The main house features two beautifully updated residential units: Unit A: A spacious 4-bedroom, 1.5-bath unit with soaring 10-ft ceilings in the living room, generating $2,850/month. Unit B: A cozy 1-bedroom, 1-bath unit, bringing in $1,800/month. Additional income sources include: Insulated 2-bay garage: Renting for $1,431/month. Commercial-grade, fully insulated Quonset hut: Featuring 1,800 sq. ft. of warehouse space with two man doors and two garage doors, 200 amp panel, leased at $2,375/month + propane. Cap Rate of 7.38%%, this property is both a stable and high-potential addition to any investment portfolio. Cash flow of about $1,704/mth. 1.39 DSCR. ROI over 16%. The huge fenced lot, bordered by a creek, offers beautiful landscaping, ornamental trees, perennial gardens, and plenty of space for vegetable gardens, play structures, or pets. Located just 16 minutes from the Ottawa International Airport and 7 minutes from Findlay Creeks shopping district, this property is conveniently close to schools, parks, the library, grocery stores, and the post office. Steeped in history, the "Old Post" has served as a post office, country store, and village center for over a century. Whether you're looking to expand your investment portfolio or explore new business opportunities, this rare find is not to be missed! Village Mixed-Use (VM3) zoning allows for residential and non-residential uses including: community centre, day care, food production, municipal service centre, personal service business, restaurant and retail store. Call today for more details or to book a viewing!
Cleaned for readability — original MLS® text was lightly de-abbreviated and decapitalized.
Listing, price, and tax history
Every previous listing of this property, every list-price change, and 5 years of estimated annual property tax — switch tabs to drill in.
| Date | Event | Status | Price | Change | MLS® | View |
|---|---|---|---|---|---|---|
| Jun 19, 2026 | Previously listed | New | $2,600 | — | X13467556 | View |
| Jun 3, 2026 | Previously listed | Ter | $1,700 | — | X13239564 | View |
| Oct 16, 2025 | Previously listed | Ter | $949,000 | — | X12465411 | View |
| Oct 16, 2025 | Previously listed | Exp | $949,000 | — | X12465415 | View |
| Jul 24, 2025 | Sold | Sold | $2,500 | unchanged | X12107816 | View |
| Apr 26, 2025 | Previously listed | Lsd | $2,500 | — | X12107816 | View |
| Feb 27, 2025 | Previously listed | Ter | $990,000 | — | X11991294 | View |
| Feb 27, 2025 | ListedCurrent | For sale | $990,000 | — | X11991293 | This page |
| Nov 30, 2022 | Previously listed | Exp | $1,199,000 | — | X10389120 | View |
| Sep 12, 2022 | Previously listed | Ter | $1,199,000 | — | X10380976 | View |
| Feb 3, 2016 | Previously listed | Exp | $419,000 | — | X10073120 | View |
Inside this property
Systems, finishes, room dimensions, and building information — pulled from the full MLS® feed.
Features & systems
Heating, cooling, parking, exterior, lot, possession, and more.
Systems
4- Heating
- Forced Air
- Air conditioning
- Wall Unit(s)
- Water source
- Well
- Sewer
Getting around, schools & the block
Walkability and transit, the nearest schools, an interactive map of the exact spot, and what's nearby.
The money — monthly cost, mortgage & return
Everything financial in one place: what you'd pay each month, a live mortgage calculator at the asking price, and what it could return as a rental.
Cost of ownership
A monthly snapshot at typical assumptions — personalize the mortgage just below.
How this home sits in the Ottawa market
Live neighbourhood stats, the closed sales you'd negotiate against, and comparable active listings.
The Ottawa market right now
Average sold price, days on market, and closed-transaction count for Ottawa — sourced from MLS®.
- Avg sold price$726,367Last 30 days
- Median sold price$651,115Middle of the market
- Days on market29 dAvg from list to close
- Closed last 30d2,938MLS® transactions
We'll get you into 1429 Meadow Drive — the seller pays our commission
On every MLS® listing in Canada, the seller's brokerage pays a cooperating commission to whoever brings the buyer. Buyer representation is free to you.
$0 to you. The seller pays our fee.
On every MLS® listing in Canada, the seller's brokerage advertises a cooperating commission for the buyer's agent. A Coldwell Banker Summit Realty agent represents you — you owe us nothing.
Property flags & disclosures
An automated scan of public records and news for anything a buyer should know about this specific address — liens, outstanding work orders, or stigma-related history. We never invent flags.
We scanned public records and news for liens, outstanding work orders, and stigma-related history (e.g. a former grow-op or fire) at 1429 Meadow Drive and found nothing flagged. We re-check automatically as new records publish.
Common questions about this property
Tap a question to expand the answer. Short, direct answers tuned for AI search and voice assistants.
How much is 1429 Meadow Drive listed for?
1429 Meadow Drive is listed at $990,000 on the MLS® (listing X11991293). The price refreshes on Summitly within minutes of any MLS® change.
How many bedrooms, bathrooms, and square feet does 1429 Meadow Drive have?
Coldwell Banker Summit Realty is a RECO-licensed Ontario real estate brokerage, independently owned and operated. Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Listing data is sourced from MLS® and is provided for informational purposes only — not guaranteed accurate by the MLS® or its members. 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. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
