MLS#: X13066238Listed: about 6 hours agoUpdated:about 6 hours ago
Description
Exceptional investment opportunity in the heart of Ottawa's Britannia Heights! This centrally located property comes with Site Plan Approval for 21 residential units and 9 parking spaces, and will be rezoned to R4 on closing. Building permits are expected within 30-60 days, with a construction timeline of just 12-18 months. Situated near the upcoming LRT station and just seconds from the highway, this location offers unmatched convenience. Walking distance to shops, a movie theatre, and Bayshore Shopping Centre-Ottawa's second-largest mall-this is a high-demand area ideal for attracting quality tenants. The property currently includes a home rented at $1,000/month, providing holding income. Significant soft costs have already been covered, including rezoning, engineering reports, ESA, and urban planning. Flexible options available: purchase the land and build yourself, or the vendor can deliver the completed project. With a strong location, transit access, and approvals in place, this is a turnkey development opportunity poised for success. Don't miss out on securing your future in Ottawa's thriving real estate market! (id:58075)
Details
Details for 3055 Richmond Road, Ottawa, Ontario
Property Type
Vacant Land
Building Type
-
Storeys
-
Neighborhood
6201 - Britannia Heights
Land Size
137.18 x 119.24 FT ; 1
Year Built
-
Annual Property Taxes
$4,869
Parking Type
-
Inside
Appliances
-
Rooms
-
Bedrooms
-
Bathrooms
0
Fireplace
-
Fireplace Total
-
Basement
-
Building
Architecture Style
-
Direction
Cross Streets: Bayshore/Dumaurier. ** Directions: From Bayshore Mall towards Pincrest, the home will be on your left side.