Added 10 months ago
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Type: Land
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Property Type: Commercial
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Zoning: R4UB[2296] H(12.
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Age: No Data
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Taxes: 4922
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MLS®#: X9515029
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Days on Site: 318 Days
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Added: Feb 05, 2024 (10 months ago)
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Updated:
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Last Checked: 2 hours ago
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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.
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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