Mirna Botros
613-600-2626404 406 Bank Street - $1,600,000
404 406 Bank Street - $1,600,000
404 406 Bank Street
$1,600,000
4103 - Ottawa Centre
Ottawa, OntarioK2P1Y9
0 beds
0 baths
null parking
MLS#: X12957606Listed: about 10 hours agoUpdated:about 9 hours ago
Description
SHOVEL-READY Apartment Building, an exceptional DEVELOPMENT OPPORTUNITY at the CORNER of Bank St& Florence St. It comes with an APPROVED BUILDING PERMIT for a 6-storey mixed-use building, offering immense potential for an astute developer or investor. This property boasts unparalleled visibility and access in the HEART of OTTAWA, PUBLIC TRANSIT, Retail, Schools, Diverse dining options, Cultural attractions, and Community Amenities, ensuring strong TENANT DEMAND. The approved permits allow for a thoughtfully designed 6-storey building featuring ground-floor commercial space and 28 residential units above. The innovative design strategy FORCUSES on MAXIMIZING rental potential with 7 well-appointed 1-bedroom units and 21 efficiently designed bachelor units (resembling a 1-bedroom-like layout). This strategic unit mix targets a highly competitive segment of the rental market, where smaller, doorstep transit, and smartly designed units are in high demand and typically easier to rent. This approach sets your development apart from the standard 1-bed and 2-bed offerings, a distinct advantage. These crucial studies and designs represent a significant DE-RISKING for the buyer, providing a clear path forward and SAVING YEARS of valuable time and effort. While the existing approved designs offer a streamlined development path, a buyer who prefers to revise elements can still leverage the extensive pre-development work. READY TO BUILD: Significant Savings & Speed to Market! (id:58075)Details
Details for 404 406 Bank Street, Ottawa, Ontario- Property Type
- Vacant Land
- Building Type
- -
- Storeys
- -
- Neighborhood
- 4103 - Ottawa Centre
- Land Size
- 54.56 x 59.28 FT
- Year Built
- -
- Annual Property Taxes
- $21,404
- Parking Type
- -
Inside
- Appliances
- -
- Rooms
- -
- Bedrooms
- -
- Bathrooms
- 0
- Fireplace
- -
- Fireplace Total
- -
- Basement
- -
Building
- Architecture Style
- -
- Direction
- Cross Streets: Florence St. ** Directions: Bank St from North to South, the corner of Florence St and Bank St.
- Type of Dwelling
- -
- Roof
- -
- Exterior
- -
- Foundation
- -
- Flooring
- -
Land
- Sewer
- Sanitary sewer
- Lot Size
- 54.56 x 59.28 FT
- Zoning
- -
- Zoning Description
- TM[2472] H21
Parking
- Features
- -
- Total Parking
- -
Utilities
- Cooling
- -
- Heating
- -
- Water
- -
Feature Highlights
- Community
- -
- Lot Features
- -
- Security
- -
- Pool
- -
- Waterfront
- -
Rooms
Rooms for 404 406 Bank Street, Ottawa, OntarioMap
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