00000 CARACOURT Drive, Ottawa, Ontario, K0A2W0




$1,250,000
Ottawa
This lot in Ottawa is for sale.
Rare development opportunity in Vernon, City of Ottawa! Approved 18-lot subdivision with major infrastructure already completed. Drainage and retention pond are in placed, and 5 lots are permit-ready for immediate construction after minor concessions including well and hydro study. Save valuable time and development costs with much of the work already done. A recent third-party appraisal values the property well above the current listing price, offering exceptional value and upside potential. An outstanding opportunity for builders, developers, and investors looking for a near shovel-ready project in a growing community. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 84 days on market, against an average age of 62 days across the listings currently for sale in this city
This vacant land in Ottawa is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $1,250,000, about 10.9× the local median household income of $115,000.
Carrying it typically needs a household income of about $244,169 (20% down, 25-yr amortization, stress-tested) — roughly 112% above the area median.
Source: Statistics Canada, 2021 Census (FSA K0A)
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