$ 1,025,000
13 BALSAM STREET Ottawa, ON K1R6W6
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$ 1,025,000
Est. payment | /mo
3,484 Sqft Lot
$ 1,025,000
Est. payment | /mo
3,484 Sqft Lot
Key Details
Property Type Vacant Land
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Subdivision West Centre Town
MLS® Listing ID 1376364
Originating Board Ottawa Real Estate Board
Lot Size 3,484 Sqft
Acres 3484.8
Property Description
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. (id:24570)
Location
State ON
Exterior
Garage No
Waterfront No
View Y/N No
Private Pool No
Building
Sewer Municipal sewage system
Others
Ownership Freehold
Listed by KELLER WILLIAMS INTEGRITY REALTY