13 BALSAM Street, West Centre Town | Image 1

13 BALSAM Street

West Centre Town, 4205 - West Centre Town

  • Commercial

$999,900
For Sale

Added 9 months ago

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  • Type: Land

  • Property Type: Commercial

  • Zoning: R4UB[2296] H(12.

  • Age: No Data

  • Taxes: 4922

  • MLS®#: X9515029

  • Days on Site: 286 Days

  • Added: Feb 05, 2024 (9 months ago)

  • Updated:

  • Last Checked: 2 hours ago

  • Listed By: KELLER WILLIAMS INTEGRITY REALTY

A shovel-ready 8-unit apartment building development opportunity in Centretown West, Ottawa. This sale includes the lot, site-plan approval documents, survey, all required reports and studies and full architectural working drawings. The cost of construction has been estimated to be $1,900,000 by professional contractors and is variable depending on your particular construction and material choices. The existing building is vacant, boarded and ready for demolition. The approved design provides for seven two bedroom apartments and a single one bedroom apartment. The design has an entrance ramp for disability access on the ground floor. Simply acquire the building permit and begin construction. The estimated market value of the development when completed and fully occupied with tenants paying market rent is projected to be greater than $3,530,000. This is a great opportunity for a builder to create a profitable development to hold as an investment or sell for a profit.

Property

  • Status: Sale

  • Property Type: Land

  • Area: West Centre Town

  • Community: 4205 - West Centre Town

  • Availability Date: Immediate

Building

  • Water Supply: Municipal

Fees

  • Tax Year: 2023

  • Tax Legal Description: PT LT 258, PL 16 , BEING THE E1/2 ; OTTAWA/NEPEAN CITY OF OTTAWA

  • Taxes: $4,922

Land

  • Cross Street: One block North of G

  • Municipality District: West Centre Town

  • Parcel Number: 041080277

  • Sewer: Sewers

  • Lot Depth: 106.76 Feet

  • Lot Frontage: 34.06 Feet

  • Zoning: R4UB[2296] H(12.

Map of 13 BALSAM Street, West Centre Town
JK-6

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Cambridge Street Community Public School

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St Anthony Elementary School

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