Listed for:Listed Aug 7, 2026
$899,900

1023 Meadowlands Drive

Ottawa (Carleton Square), ON K2C 0K5

Multiplex For Sale
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Sale & Price History for 1023 Meadowlands Drive, Ottawa, Carleton Square

No listing history available

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About 1023 Meadowlands Drive, Ottawa, Carleton Square

Summarized Description

  • Duplex with two 3-bedroom units and basement suite.
  • Private yard and large driveway for convenience.
  • Fully finished basement suite with private entrance.
  • Excellent rental income of approximately $60,000 annually.
  • Walking distance to shopping and public transit.
  • Rare investment opportunity in excellent condition.
  • Short commute to Carleton University and parks.
  • Currently rented to long-term tenants.

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!

Key Facts & Features

Property Costs

Annual Property Tax Amount
$4,724
Land Transfer Tax Fee
$14,473

Rental Items

Rental Equipment
1 Coin-operated washing machine and 2 Hot Water Tank

Basement Type
Finished

Interior Features

Interior Extras
Guest Accommodations
Fireplace/Stove
No
Elevator
No

Exterior Features

Pool
None

Building

Building Type
Multiplex
Building Style
2-Storey

Construction

Exterior Finish
Stucco (Plaster), Brick
Roof
Asphalt Shingle
Foundation Details
Concrete
Special Designation
Other

Lot

Lot Front
88.82 ft
Lot Depth
105.00 ft

Parking & Garages

Garage Type
None
Garage Spaces
0
Parking Spaces
6
Total Garage And Parking Spaces
6

Heating & Cooling

Heat Source
Gas
Heat Type
Forced Air
Air Conditioning
Central Air
Water
Municipal
Sewers
Sewer
Natural Gas
Available
Hydro
Available
Cable
Available
Telephone
Available

Bedrooms
7
Washrooms
3
Kitchens
3
Family / bonus room
Yes

Room sizes

  • Laundry—
    Lower level
  • Bedroom—
    Second level
  • Bedroom—
    Main level
  • Bedroom—
    Second level
  • Bedroom—
    Second level
  • Living Room—
    Second level
  • Bedroom—
    Basement level, 3 Pc Ensuite
  • Living Room—
    Main level
  • Dining Room—
    Main level
  • Kitchen—
    Main level
  • Bedroom—
    Main level
  • Bedroom—
    Main level
  • Kitchen—
    Second level
  • Dining Room—
    Second level

Washrooms

  • 3-piece

Municipality
Ottawa
Neighbourhood
Carleton Square
Main cross streets
Meadowlands West of Prince of Wales
Directions
Meadowlands West of Prince of Wales

MLS® number
X13649280
Data source
Toronto Regional Real Estate Board
Listed on
2026-08-07
Updated on
2026-10-17
Days on market
80 days
Possession date
2026-09-30
Possession type
30-59 days
Co-op commission
2
Seller
Listed by
HOME RUN REALTY INC.

Home Market Value

Current home valuation for 1023 Meadowlands Drive, Ottawa, Carleton Square, Ottawa, ON. Listed for $899,900

HOMEH Estimate

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Estimated Sales Range

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HOMEH Estimate for 1023 Meadowlands Drive, Ottawa, Carleton Square

Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.

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Mortgage Payment Calculator

Compare up to 4 down payment scenarios

$
Ottawa, ON
Minimum Down Payment Required:7.2%

5% on first $500K + 10% on $399,900 over $500K

Minimum down payment

$64,990

Scenario 1 Scenario 2 Scenario 3 Scenario 4
−Down payment
%
$
%
$
%
$
%
$
+CMHC insurance
$33,368$25,107$21,418$0
=Total mortgage
$867,575$835,017$786,333$719,920
Amortization
Mortgage rate
%
%
%
%
Payment frequency
=Mortgage payment
$4,236monthly$4,077monthly$3,839monthly$3,515monthly
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Land Transfer Tax

Provincial

$14,473

Total Land Transfer Tax

$14,473

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