13 Balsam Street Ottawa, Ontario K1R 6W6
$999,900
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:37464)
Property Details
| MLS® Number | X9515029 |
| Property Type | Vacant Land |
| Neigbourhood | West Centre Town |
| Community Name | 4205 - West Centre Town |
Building
| Utility Water | Municipal Water |
Land
| Access Type | Year-round Access |
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Depth | 106 Ft ,9 In |
| Size Frontage | 34 Ft |
| Size Irregular | Unit=34.06 X 106.76 Ft ; 0 |
| Size Total Text | Unit=34.06 X 106.76 Ft ; 0|under 1/2 Acre |
| Zoning Description | R4ub[2296] H(12.6) |
https://www.realtor.ca/real-estate/26483588/13-balsam-street-ottawa-4205-west-centre-town
Sales Representative
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November 27 2024 05:39:23
Ottawa Real Estate Board
Keller Williams Integrity Realty