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, etc. 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. CHMC Financing available - buyer to verify. Don't miss out on securing your future in Ottawas thriving real estate market! (id:6673)
| BusinessType | Residential |
| BusinessSubType | Residential |
| MLS® Number | X12193007 |
| Property Type | Vacant Land |
| Community Name | 6201 - Britannia Heights |
| AmenitiesNearBy | Highway |
| Features | Conservation/green Belt |
| SizeInterior | 11033 Sqft |
| UtilityWater | Municipal Water |
| Acreage | No |
| LandAmenities | Highway |
| Sewer | Sanitary Sewer |
| SizeDepth | 119 Ft ,2 In |
| SizeFrontage | 137 Ft ,2 In |
| SizeIrregular | 137.18 X 119.24 Ft ; 1 |
| SizeTotalText | 137.18 X 119.24 Ft ; 1 |
| ZoningDescription | R4 |
Contact us for more information
Shamir Daya
Broker
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