00000 CARACOURT Drive, Ottawa, Ontario, K0A2W0
This lot in Ottawa is for sale. It has been on the market 28 days, fresher than the Ottawa average of 63 days.




$1,250,000
Ottawa
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 third-party appraisal values the property $1,580,000 price without appraiser being aware of drainage in place, 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)
Extended: 28 days on market, against an average age of 63 days across the listings currently for sale in this city
This vacant land in Ottawa has been listed for 28 days, which is 35 days fresher than the city average of 63. Act while there is still low competition.
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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