Added 1 month ago
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Type: Vacant Land
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Style: 2-Storey
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Lot Size: 34.25 x 107 Feet
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Age: No Data
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Days on Site: 1 Days
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Added: Feb 19, 2025 (1 month ago)
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Updated:
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Last Checked: 1 week ago
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MLS®#: X11979476
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Listed By: Exp realty
PRIME DEVELOPMENT SITE offers a fantastic opportunity to build an 8-unit apartment building in one of Ottawa's most sought-after neighborhoods, Centretown West. The property includes all necessary documentation to proceed immediately, a survey, full architectural working drawings, and completed environmental and engineering studies. The proposed building consists of 8 units: seven one-bedroom+den apartments (designed to easily convert into two-bedroom units post-construction) and one accessible one-bedroom unit. The design features in-suite laundry for each unit, and bike racks are provided for residents, as there is no parking on-site. The existing building is vacant, boarded, and ready for demolition, with utilities already capped, ensuring a smooth transition for the new owner. Site is perfectly situated next to a brand-new condo and across from other new developments, ensuring strong future rental demand. This is an ideal opportunity for developers to acquire a well-prepared project in This property sits in the heart of West Centre Town, one of the most vibrant and sought-after neighborhoods in the city. With a high walk score, everything you need is just steps away trendy cafes, top-rated restaurants, boutique shopping, lush parks, and excellent public transit options. You're within walking distance of downtown, Little Italy, Chinatown, and Hintonburg, offering an incredible mix of cultural experiences, nightlife, and community charm. Whether commuting, dining out, or enjoying the city's best amenities, this location offers unmatched convenience and urban living at it's finest. With building permits ready and a fully approved design, you can start construction immediately. The estimated market value for the fully completed development, fully rented at market rates, exceeds $3.5M, offering excellent potential for long-term investment or profitable resale! Don't miss this amazing investment opportunity!
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Property
Status: Sale
Property Type: Vacant Land
Style: 2-Storey
Area: West Centre Town
Community: 4205 - West Centre Town
Availability Date: TBD
Inside
Den/Family Room: No
Air Conditioning: Other
Fireplace: No
Central Vacuum: N
Utilities
Electricity: Available
Gas: Available
Cable: Available
Telephone: Available
Building
Basement: Other
Heat Type: Other
Heat Source: Other
Exterior: Brick
Exterior: Concrete
Water Supply: Municipal
Special Designation: Unknown
Parking
Garage Type: None
Covered Parking Spaces: 4
Total Parking Spaces: 4
Fees
Tax Year: 2024
Tax Legal Description: PT LT 258, PL 16 , BEING THE E1/2 ; OTTAWA/NEPEAN CITY OF OTTAWA
Land
Cross Street: Gladstone Avenue, Bo
Municipality District: West Centre Town
Fronting On: North
Parcel Number: 041080277
Pool: None
Sewer: Sewers
Lot Depth: 107 Feet
Lot Frontage: 34.25 Feet
Acres: Addition
Waterfront: None
Walker's Paradise
- Daily errands do not require a car.
Excellent Transit
- Most errands can be accomplished by public transportation.
Biker's Paradise
- Daily errands do not require a car.
- — bath
- — bed
278 BAYSWATER Avenue, Dows Lake - Civic Hospital and Area, Ontario • K1Y 2H1
École élémentaire publique Centre-Nord
Elementary: PublicCambridge Street Community Public School
Elementary: PublicSt Anthony Elementary School
Elementary: CatholicCentennial Public School
Elementary: PublicDevonshire Community Public School
Elementary: PublicÉcole élémentaire catholique Saint-François-d'Assise
Elementary: CatholicUrban Aboriginal Alternate High School
Secondary: PublicRichard Pfaff Secondary Alternate Site
Secondary: PublicImmaculata High School
Secondary: CatholicLisgar Collegiate Institute
Secondary: PublicAdult High School
Secondary: PublicGlebe Collegiate Institute
Secondary: Public-
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