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$ 999,900
Est. payment | /mo
$ 999,900
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID X9515029
Annual Tax Amount $4,922
Tax Year 2023
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.
Location
State ON
County Ottawa
Community 4205 - West Centre Town
Area Ottawa
Zoning R4UB[2296] H(12.6)
Region 4205 - West Centre Town
City Region 4205 - West Centre Town
Rooms
Family Room No
Interior
Cooling Unknown
Exterior
Utilities Available Unknown
Roof Type Unknown
Lot Frontage 34.06
Lot Depth 106.76
Others
Security Features Unknown
Pets Allowed Unknown
Listed by KELLER WILLIAMS INTEGRITY REALTY