150 MEADOWLANDS DRIVE W, Ottawa, Ontario

$979,900

8 Beds
4 Baths

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 units. 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 25,000 sqft. of living space. This is a rare chance to secure steady income today while planning for exceptional future returns! (id:56241)

Listing ID: X12408746
Property Type: Single Family

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Rooms

Level	Type	Dimensions
Bedroom	Basement	2.59 m x 2.34 m
Bedroom	Basement	2.9 m x 3.78 m
Bedroom	Basement	3.61 m x 3.23 m
Bedroom	Basement	3.02 m x 3.23 m
Bathroom	Basement	2.31 m x 1.5 m
Bathroom	Basement	1.98 m x 2.13 m
Laundry room	Basement	0.91 m x 0.91 m
Living room	Basement	5.44 m x 3.23 m
Kitchen	Basement	2.54 m x 3.23 m
Living room	Main level	3.23 m x 3.86 m
Kitchen	Main level	4.5 m x 3.66 m
Bedroom	Main level	4.19 m x 3.12 m
Bedroom	Main level	2.72 m x 2.95 m
Bedroom	Main level	4.29 m x 3.15 m
Bedroom	Main level	4.65 m x 3.53 m
Bathroom	Main level	2.72 m x 1.47 m
Bathroom	Main level	Measurements not available

Details

Architectural Style: Bungalow
Ownership: Freehold
Parking Spaces: 7
Transaction: For sale

Building

Appliances: Water meter, Dishwasher, Dryer, Hood Fan, Microwave, Two stoves, Two Washers, Two Refrigerators
Architectural Style: Bungalow
BasementType: N/A
Basement Features: Apartment in basement
Bedrooms Main Level: 4
Bedrooms Lower Level: 4
Construction Style Attachment: Detached
Cooling: Central air conditioning
Exterior Finish: Brick
Fireplace Present: False
Foundation: Block
Bathrooms (Half): 1
Bathrooms (Total): 4
Heating: Forced air
Heating Fuel: Natural gas
Size Interior: 1100 - 1500 sqft
Stories Total: 1
Type: House
Utility Water: Municipal water

Land

Sewer: Sanitary sewer
Size Frontage: 75 ft
Size Irregular: 75 x 120 FT

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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 150 MEADOWLANDS DRIVE W in Ottawa Ontario. It was last modified on September 17th, 2025. Contact us to schedule a viewing or to discover other Ottawa homes for sale.

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