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$999,900
Available - For Sale
Listing ID: X9515029
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.
Price $999,900
Taxes: $4,922
Occupancy by: Vacant
Address: 13 BALSAM St , West Centre Town, K1R 6W6, Ontario
Postal Code: K1R 6W6
Province/State: Ontario
Legal Description: PT LT 258, PL 16 , BEING THE E1/2 ; OTTA
Lot Size: 34.06 x 106.76 (Feet)
Directions/Cross Streets: One block North of Gladstone Avenue between Booth Street and Rochester Street.
Zoning: R4UB[2296] H(12.
Sewers: Sewers
Water: Municipal
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Asking Price: $ Heating: $ /Year  
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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
KELLER WILLIAMS INTEGRITY REALTY

13 BALSAM St , West Centre Town, K1R 6W6, Ontario

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Paulette Zander
Sales Representatives
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416-456-7481
Bus:
416-203-6636
Fax:
416-203-1908

 
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Type: Com - Land
Area: Ottawa
Municipality: West Centre Town
Neighbourhood: 4205 - West Centre Town
Style:
Lot Size: 34.06 x 106.76(Feet)
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Tax: $4,922
Maintenance Fee: $0
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Personal Pic Paulette Zander Sales Representatives pic pzander@rogers.com Remax Condos Plus Corp., Brokerage Independently owned and operated. pic 45 Harbour Square, Toronto, Ontario M5J 2G4 pic Cell: 416-456-7481 | Office: 416-203-6636 | Fax: 416-203-1908