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:4069)
Address
3055 RICHMOND ROAD
List Price
$1,049,000
Property Type
Vacant Land
Transaction Type
Sale
Area
Ontario
Sub-Area
Ottawa
Floor Area
11,033 Sq. Ft.
Lot Size
137.18 x 119.24 FT ; 1 Sq. Ft.
Lot Depth
119 ft ,2 in
Frontage Length
137 ft ,2 in
MLS® Number
X13550012
Listing Brokerage
RE/MAX HALLMARK REALTY GROUP
Postal Code
K2B6S6
Zoning
R4
Site Influences
Highway
Features
Conservation/green belt
Water Source
Municipal water
Sewer
Sanitary sewer
