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Investment signal

$749,900

1259 MEADOWLANDS DRIVE E

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Beds

5

Baths

2

Sqft

Year

Type

Single Family

Suite

Suite potential

Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Ottawa. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Amazing Single Detached located in Ottawa's West End community of Cityview, situated just off the intersection of Merivale Road and Meadowlands Drive. This home sits on an oversized 65' x 100' lot, offering exceptional potential for homeowners, investors, or builders. Whether you are looking to move in, generate rental income, or hold for future appreciation, this property provides excellent flexibility. The exterior features a long driveway can fit 3 vehicles, along with a garage, for a total of 4 parking spaces. Step inside to a Fully Renovated interior, featuring new flooring, updated kitchen and bathrooms, and newly finished basement. Turnkey and move-in ready. The Entry Level offers a spacious foyer with access to a versatile bedroom, ideal as a home office or guest room, a stylish three-piece bathroom, and direct access to the garage. Steps up lead to the Living Level, offers a large great room and formal dining area. The focal point of the home is the breathtaking 12 ft vaulted high ceiling, creating a bright and airy atmosphere, complemented by large bay windows that flood the space with natural light and a modern linear electric fireplace. The updated kitchen features quartz countertops, refreshed cabinetry, stainless steel appliances. Upper level offers 3 generously sized bedrooms and a full bathroom. The newly finished basement includes a spacious recreation room, an additional bedroom, and storage space. The new CM2 (Minor Corridor Zone 2) designation under Ottawa's 2026 zoning by-law allows for residential and select commercial uses, offering strong potential (buyer to verify). Ideal for student rental, with potential income of $4,500/m, attracting tenants from Carleton University and Algonquin College. Within the catchment of top-ranking schools, including Merivale HS and Meadowlands PS. Close to Highway 417, public transit, shopping, and restaurants. 10 minutes to Carleton University and Algonquin College, and 15 minutes to downtown Ottawa. (id:65958)

Subtype
Single Family
Structure
House
Community
7201 - City View/Skyline/Fisher Heights/Parkwood Hills
Common interest
Freehold
Lot dimensions
65 x 105 FT
Bedrooms
4 above grade, 1 below grade
Parking
4 total
Stories
2
Fireplace
Yes
On market
Apr 13, 2026
Status changed
Apr 24, 2026
Annual tax
$4,859
Photos
48
MLS#
X12988998
Area
OTTAWA

Features and systems

Parking

Attached GarageGarage

Basement

FinishedFull

Appliances

WasherRefrigeratorDishwasherDryerHood Fan

Heating

Forced airNatural gas

Cooling

Central air conditioning

Exterior

Aluminum siding

Foundation

Concrete
Negative cash flow ~$838/mo at these assumptions

Cash on cash

-6.71%

Cap rate

3.52%

GRM

16.7

Break-even rent

$4,632

Financing

Down payment$149,980
Loan amount$599,920
Mortgage$3,040/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$344
Insurance$80
Maintenance$625
CapEx reserve$312
Vacancy loss$188

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $3,040/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 24, 2026.

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