Listing ID: 1376364  
$1,100,000

13 BALSAM STREET

KELLER WILLIAMS INTEGRITY REALTY

  • 13 BALSAM STREET
  • 13 BALSAM STREET
  • 13 BALSAM STREET
  • 13 BALSAM STREET
  • 13 BALSAM STREET
  • 13 BALSAM STREET
  • 13 BALSAM STREET
  • 13 BALSAM STREET
  • 13 BALSAM STREET
  • 13 BALSAM STREET
  • 13 BALSAM STREET
  • 13 BALSAM STREET
  • 13 BALSAM STREET
  • 13 BALSAM STREET
  • 13 BALSAM STREET
13 BALSAM STREET, Ottawa, Ontario, K1R6W6
Property TypeVacant Land Lot Size0.08 acres

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:16400)


Details
OwnershipFreehold TransactionFor sale
Zoning DescriptionR4UB[2296] H(12.6)
Building
Utility WaterMunicipal water
Land
Size Total0.08 ac Size Frontage34 ft ,1 in
Access TypeRoad access SewerMunicipal sewage system
Size Depth106 ft ,9 in Size Irregular0.08

Listing Office: KELLER WILLIAMS INTEGRITY REALTY

Data Provided by Ottawa Real Estate Board

Last Modified :24/04/2024 12:56:31 PM

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