150 Meadowlands Drive W, Meadowlands - Crestview and Area, ON K2G 2S5

$979,900

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Sep 23, 2025

Meadowlands - Crestview and Area, 7302 - Meadowlands/Crestview

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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!

Overview

Property ID: X12408746

Type: Detached

Bedrooms: 8

Bathrooms: 4

Square: 1,300 m²

Price: $979,900

PropertyType: Residential Freehold

TransactionType: For Sale

BuildingAreaUnits: Square Feet

Cooling: Central Air

Heating: Forced Air