$899,900
↓ $45,100 from $945,000
Est. payment $3,985/moCalculate yours
1023 Meadowlands Drive, Mooneys Bay - Carleton Heights and Area, ON K2C 0K5
4702 - Carleton Square, Mooneys Bay - Carleton Heights and Area, ON K2C 0K5
- 7 Beds
- 3 Baths
- 2,000 Sq Ft
Listing courtesy of HOME RUN REALTY INC. MLS® X13649280
About this home
Exceptional Freehold in a Prime Location! This well-maintained detached property features two spacious 3-bedroom units and a fully equipped, self-contained basement bachelor suite, offering an ideal combination of multi-generational living and income potential. Conveniently located with direct bus service to Carleton University and Algonquin College, the property is also within walking distance of shops, restaurants, Hog’s Back Park, and Mooney’s Bay.The main-floor unit features a bright and spacious living room, a well-maintained kitchen, and three generously sized bedrooms. The second-floor unit offers a similar layout, with a bright living area, a functional kitchen, and three spacious bedrooms. Both units enjoy private balconies overlooking the fully fenced backyard. The finished basement features a self-contained bachelor suite with a full bathroom, kitchen, and separate exterior entrance.The property has been exceptionally well maintained, both inside and out, and offers abundant natural light, a desirable orientation, and a private, fully fenced backyard with no rear neighbours. Additional highlights include a six-car driveway, private balconies, in-unit laundry facilities, ample storage space with multiple basement storage areas, a dedicated cold room, and a backyard storage shed.This freehold detached property is fully tenanted, with current occupants consisting of students and young professionals. Generating approximately $60,000 in annual rental income, it offers an attractive income-producing opportunity with a flexible multi-unit layout and long-term appreciation potential. An excellent turnkey investment for investors seeking immediate rental income, or an appealing option for owner-occupiers looking to offset housing costs with additional rental income.A rare opportunity to own a versatile, income-generating property in one of Ottawa’s sought-after rental locations. Book your showing today!
Property details
Overview
- Property Type
- Duplex
- Style
- 2-Storey
- For
- For Sale
- Status
- Price Change
- Size
- 2,000 sqft
Interior
- Bedrooms
- 7
- Bathrooms
- 3
- Kitchens
- 3
- Basement
- Finished
Building & Systems
- Heating
- Forced Air (Gas)
- Cooling
- Central Air
- Exterior
- Stucco (Plaster), Brick
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Water
- Municipal
- Sewer
- Sewer
Lot & Parking
- Lot Size
- 88.82 x 105 Feet
- Parking
- None garage · 6 total
Financial
- Property Taxes
- $4,724 (2025)
Location
- Neighbourhood
- 4702 - Carleton Square
- Cross Street
- Meadowlands West of Prince of Wales
- Direction Faces
- North
Listing
- MLS® Number
- X13649280
- Days on Market
- 72
- Listed On
- 2026-08-07
- Listed By
- HOME RUN REALTY INC.
Rooms
Features
Interior
- Guest Accommodations
Pool
- None
- Rental items
- 1 Coin-operated washing machine and 2 Hot Water Tank
Mortgage calculator
Estimated mortgage payment
$3,985 per month
- Principal and interest
- $3,985
- Property tax
- $394
- Condo fees
- $0
- Estimated monthly cost
- $4,378
Your mortgage
- Mortgage amount
- $719,920
- Mortgage insurance
- Not needed
- Interest over 25 years
- $475,449
Cash to close
- Down payment
- $179,980
- Land transfer tax
- $14,473
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $194,453
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.
Location
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