Shovel-ready purpose-built rental development opportunity in one of Ottawa's most desirable urban corridors.1240 Carling Avenue presents a rare opportunity to acquire a fully approved 18-unit apartment development with the key municipal approvals already secured. The demolition permit has been issued, and the building permit has been approved, with issuance pending only the payment of educational development fees. No other municipal approvals or fees remain prior to commencing construction. Designed with construction efficiency in mind, the project has been thoughtfully engineered to minimize unnecessary construction costs while maximizing energy efficiency, buildability and developer margin. Skip years of planning, approvals and consultant coordination and move directly toward construction. Situated along Carling Avenue, the property enjoys exceptional connectivity to Highway 417 and Ottawa's major arterial road network, offering convenient access across the city. The site is within walking distance of The Ottawa Hospital Civic Campus, public transit, shopping, restaurants, parks and everyday amenities, and is surrounded by major employment centres that continue to support strong rental demand. Its central location, excellent accessibility and proximity to significant employment make it an ideal setting for a purpose-built rental investment. A comprehensive due diligence package, including plans, approvals, studies and supporting documentation for CMHC MLI Select financing, is available upon request. An exceptional opportunity for developers and investors seeking a construction-ready project in one of Ottawa's strongest rental markets. (id:4069)
Address
1240 CARLING AVENUE
List Price
$924,900
Property Type
Vacant Land
Transaction Type
Sale
Area
Ontario
Sub-Area
Ottawa
Floor Area
1,500 Sq. Ft.
Lot Size
55.96 x 99.3 FT Sq. Ft.
Lot Depth
99 ft ,3 in
Frontage Length
55 ft ,11 in
MLS® Number
X13573008
Listing Brokerage
EXP REALTY
Postal Code
K1Z7K7
Zoning
AM1[2197]H(11)
Water Source
Municipal water
