Ottawa, ON K1R6W6,13 BALSAM STREET
Ottawa, ON K1R6W6,13 BALSAM STREET
Ottawa, ON K1R6W6,13 BALSAM STREET
Ottawa, ON K1R6W6,13 BALSAM STREET
Ottawa, ON K1R6W6,13 BALSAM STREET
Ottawa, ON K1R6W6,13 BALSAM STREET
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$ 1,025,000
Est. payment | /mo

3,484 Sqft Lot


Save
$ 1,025,000
Est. payment | /mo
Save

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

Province ON

Exterior

Garage No

Waterfront No

View Y/N No

Private Pool No

Building

Sewer Municipal sewage system

Others

Ownership Freehold

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Listed by KELLER WILLIAMS INTEGRITY REALTY

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13 BALSAM STREET

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Jayson Sidhu

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