Description

 Price: $ 949,900.00 MLS^®: X12834478         Location : 1714 Baseline Road, Meadowlands - Crestview and Area, ON K2C 0B8

Income-generating property featuring two semi-detached homes, each with basement apartments, ideally located within walking distance to Algonquin College. This prime location offers easy access to LRT station(when completed), public transit, and a wide array of nearby amenities including shopping, schools, restaurants, parks, and everyday conveniences making it highly attractive to students, professionals, and long-term tenants alike. The property generates a strong gross annual rental income of $69,772.08, with tenants paying all utilities, keeping operating costs low generating higher NOI. The building is equipped with 4 hydro meters, 2 gas meters, and water sub-metering for efficient and transparent utility management. Basement units are heated by electric baseboard, while the upper units feature forced-air natural gas heating, offering independent and reliable climate control throughout.Under the City of Ottawa's proposed Official Plan, the property is anticipated to fall under MS2 H zoning, which allows for a wide range of mixed-use and intensified development options, subject to City approvals. This zoning framework provides significant long-term redevelopment and value-add potential at this highly desirable, transit-oriented location. A rare opportunity to acquire a high-performing income property with excellent holding income today and exceptional redevelopment potential for the future.

Location Description

Baseline and Woodroffe

Property Details

• Community: 7301 - Meadowlands/St. Claire Gardens
• Property Type: Tenant/Residential Freehold
• Bedrooms: 9
• Bath: 4
• Garages: None

Building Features

• Foundation Type: Block
• Construction Material: Brick
• Total Parking Space: 5

Features

• Heating: Forced Air Gas
• Sewer: Sewer ,