1016 Old Montreal Road, Ottawa, Ontario, K4A3N2




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$1,699,000
Ottawa
This 1-bedroom, 1-bathroom home in Ottawa is for sale.
Opportunity alert for developers and investors, don't miss out on this lucrative prospect! A proposed 2x24 units.Discover this spacious 3 bedroom bungalow situated on a 1.411-acre lot (119.70' frontage x 528.59' depth) in the heart of Orléans on Old Montreal Road. Located on the south end of the desirable Spring Ridge neighbourhood, the property is just a short walk to the Light Rail Transit at Trim Road. It borders newer residential developments and sits directly across from planned commercial amenities including shops and restaurants. A fantastic opportunity for development in a thriving area. 24-hour irrevocable on all offers. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 489 days on market, against an average age of 62 days across the listings currently for sale in this city
This 1-bed single family 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 $1,699,000, about 13.3× the local median household income of $128,000.
Carrying it typically needs a household income of about $331,874 (20% down, 25-yr amortization, stress-tested) — roughly 159% above the area median.
Source: Statistics Canada, 2021 Census (FSA K4A)
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Loading rates, 30-yr amortization
Cash Needed to Close
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